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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."

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  1. Re:Brilliant assumptions by kentrel · · Score: 0, Troll

    Paying for merchandise at their concert entitles you to steal their product? If you support the band why don't you put your hand into your miserly pocket and go out and buy it, and stop coming up for excuses to justify what is essentially theft (and hypocrisy).