Officials estimate loss to industry at $14bn
The EU plans to amend intellectual property law across the EU to stop online entertainment piracy.
EU Officials estimate that online piracy has cost the European music, movie, TV and software industries EUR10bn ($14bn). They say that over 185,000 jobs were lost in 2008 due to the same reason.
Though officials say that it is too early to speak about remedial measures, they say that the EU will target the problem "at source" by probably seeking action by Internet Service Providers (ISPs).
Earlier this month, US senators re-introduced a bill that aims to give more power to authorities to clamp down on websites selling pirated movies, television shows, music and other fake products.
In November, a similar bill, the Combating Online Infringement and Counterfeits Act, was approved by the Senate, but it could not make it the Senate floor.
The new version of the bill has been renamed the Preventing Real Online Threats to Economic Creativity and Theft of Intellectual Property Act, or Protect IP Act.
Last month, the UK High Court approved the crackdown on online privacy by rejecting an appeal against the 2010 Digital Rights Act brought by British Internet service providers (ISPs) BT and TalkTalk.
The court ruled that the ISPs must curb illegal filesharing by identifying and sending letters to repeat offenders. ISPs will have to pay a quarter of the costs of sending warning letters to offenders, while the rights owner will pay the rest.
The New Zealand government has also recently outlawed unauthorised Internet file-sharing.