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New Piracy Loss Estimate
An anonymous reader writes "WSJ reports on a new MPAA estimate losses due to piracy. "The study, by LEK Consulting LLC, was completed last year, and people familiar with it say it reached a startling conclusion: U.S. movie studios are losing about $6.1 billion annually in global wholesale revenue to piracy, about 75% more than previous estimated losses of $3.5 billion in hard goods. On top of that, losses are coming not only from lost ticket sales, but from DVD sales that have been Hollywood's cash cow in recent years."
Why don't they show the RIAA and MPAA giving the Big Spin, themselves?
bzzzzzzzzz-tik-tik-tik-tik-tik-tik
"Come on 6.1 billion! Come on 6.1 billion!"
tikka-tikka-tikka-tik-tok-tok "Come on 6.1 billion! YAAAAAYYYYYYY!!!! We lost 6.1 billion!!! Wheeee!!! Huzzah!!"
"Now we cut to live footage of those most responsible for the losses incurred by the RIAA and MPAA conducting a clandestine summit in a treehouse on the outskirts of Wooster, Massachusetts!"
It sure beats the boring truth, doesn't it?A feeling of having made the same mistake before: Deja Foobar
Seriously, this crap is getting ridiculous. I find myself cheering for bigger losses.
In other news I had a friend do a study for me (I paid him a pizza, a bag of dorritos and a case of coke) and he conculded, that I paid too much for Internet, my Internet was not fast enough, I was overcharged for movies and music, and I paid too much taxes.
By toothpaste for dinner
I heard that there are three types of reports from the MPAA: lies, damn lies, and statistics.
"I don't even understand why they bother using real numbers in these studies."
I can see it now...
The MPAA reports on a startling new study indicating that over 63 trillion gigawatts of elephants are being harvested anually as a result of DVD piracy. The study corrected for factors such as yellow, and the tootsie roll center of a Tootsie Pop, providing the first clear evidence of a connection between movie downlaods and the number 7.
Seems like the MPAA & the RIAA are having a competition..
they're standing on a rotating platform, trying to see who can spin the fastest.
http://www.xkcd.com/354/
That reminds me of when I had a meeting with Santa Claus and his head elf. He full blank told me that you are full of shit. However, I wasn't really shocked by that statement. He said that you will be getting coal next year.
Everybody copies my program, nobody pays me!
I lost $2.7 billion last year. Oh on Thursday, I have a loss of $5.4 billion. On Saturdays and Sunday I have a discount.
I am the owner of 'Hello World'!
Grundgesetz * 23. Mai 1949 - 30. November 2007 - http://www.vorratsdatenspeicherung.de/
"Last year, according to a person familiar with the matter, copies of movies downloaded or received from people who had downloaded them cost the studios $447 million in the U.S., whereas copies stemming from professional bootleggers cost the studios $335 million."
We don't know his name. We don't know his position. But at least he's familiar with the matter!
damaged by dogma
Isn't this the industry that turned the concept of "net profit" into a running joke?
Try not. Do or do not, there is no try.
-- Dr. Spock, stardate 2822-3.
Without an independent audit of their claims, is there any reason at all that anybody should be taking these numbers seriously?
Of course not.
They pull these numbers from their a**holes.
So now they hired some bigger a**holes and were able to pull out bigger numbers.
Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way
Little do they know, they are losing $588.34 trillion dollars a day by not selling to the Xiggawathians on planet Rofuble.
I have a little more knowledge about what they might need to tap this huge market on planet Rofuble, but I need to do some further research on the technology. If they could just grant me $2 billion for research, I feel that we would be in a position to approach the King of Rofuble within the next few years. While that figure may startle you, rest assured it's a small price to pay for such a huge market!
And then Apple stepped in and turn that term, (inter)net profits, into a reality with the iTunes Music Store.
The State should sue the movie studios for this loss in income taxes ..
2 Trillion US Dollars... [is] in short more important than anything.
Not quite, it's second to someone's phone bill.
Shit, i can't be arsed *copying* most of the crap out there, let along watching it or heaven forbid, having to pay for it.
I have no trouble paying for media, however when the average new release is about as enjoyable as prison rape, I doubt their financial problems are soley due to freely available copies...
smash.
I run: Windows, OS X, Linux, FreeBSD. Just because you have a hammer, doesn't mean everything is a nail.
No no no, you've got it all wrong! You have to use MPAA math! That's 10 movies x 10 billion people x 100 000$ (maximum fine per copyright infringement) = 10 000 000 000 000 000 $, or ten thousand trillion dollars of loss per year! Clearly those evil pirates must be stopped at *any* cost, we're on the edge of a global economic catastrophe!
Burn the land and boil the sea, you can't take the sky from me