MPAA Chief Chris Dodd Congratulates Obama on Re-Election

9 REP Chris Dodd
Scott J. Ferrell/Congressional Quarterly/Newscom

WASHINGTON, DC- Nov 30: Retiring Sen. Christopher J. Dodd, D-Conn., talks to a reporter after giving his farewell speech on the Senate floor. He is chairman of the Senate Banking Committee.

The president "has demonstrated a great understanding of the importance of intellectual property to the fundamental strength of the American economy," he says.

MPAA chief Chris Dodd issued a note of congratulations to President Obama on Tuesday night after the commander-in-chief was re-elected.

Dodd, a former Democratic senator who now oversees the film industry's lobbying organization, praised Obama in a statement.

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"I congratulate Barack Obama on his victory tonight," he said. "President Obama has demonstrated a great understanding of the importance of intellectual property to the fundamental strength of the American economy. In an era of partisan discord, there is bipartisan agreement that protecting American creativity and innovation is critical to our competitive edge in the global marketplace. I look forward to continuing to work closely with the Obama Administration to ensure the creative industries have every opportunity to thrive."

Obama defeated Republican candidate Mitt Romney to win another four years in the White House.

NBC News called the election at around 8:15 p.m. PT.