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New Piracy Loss Estimate

Posted by ryuzaki0 on from the avast-ye-mateys dept.

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."

7 of 480 comments (clear)

  1. Gee, They put the lotto on TV... by ackthpt · · Score: 5, Funny

    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!"

    "Ahoy, ye bloomin' yeller scoundrel!"
    "Avast, ye bloomin' scupper-faced seadog!"
    "Arr, ye great yeller galoot!"
    "Avast, ye scurvy bilge-spewin' lubber!"
    "Ahoy, ye poxy waterlogged galoot!"
    "Avast, ye great bilge-spewin' picaroon!"
    "Arr, ye bloomin' brine-swiggin' lubber!"
    ...
    It sure beats the boring truth, doesn't it?
    --

    A feeling of having made the same mistake before: Deja Foobar
    1. Re:Gee, They put the lotto on TV... by ackthpt · · Score: 5, Funny
      What if DVDs aren't worth owning and theaters are inconvenient? How are we supposed to support the movie industry then?

      Donations through PayPal?

      --

      A feeling of having made the same mistake before: Deja Foobar
    2. Re:Gee, They put the lotto on TV... by Reverend528 · · Score: 5, Funny
      The internet is everywhere. Changing physical locations won't stop internet piracy.

      Yes, but if they refuse to sell movies in the US, then any movies downloaded in that region can't possibly be considered a lost sale, thus they won't be losing a billion dollars are year to the pirates. It makes perfect sense if you think about it.

      --
      Badass Resumes
  2. Lies, damn lies, and (corprate) statistics by 9mm+Censor · · Score: 5, Funny

    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.

  3. I can see it now... by brian0918 · · Score: 5, Funny

    "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.

  4. Re:No surprise but the MPAA is lying by Afecks · · Score: 5, Funny

    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.

  5. Re:Excellent! by Anonymous Coward · · Score: 5, Funny

    short answer: no

    long answer: nope