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Hollywood Says Piracy Has Ripple Effect

Posted by ryuzaki0 on from the truly-important-research dept.

ColinPL writes to mention a Washington Post article about a new study backed by Hollywood on intellectual piracy. The study, which they're presenting to lawmakers today, claims that piracy has a ripple effect on the economy. According to the study, lost revenues may have as much as three times the impact previously imagined. From the article: "Lawmakers and federal agencies such as the Justice and State departments have helped Hollywood battle physical piracy -- specifically, counterfeit DVDs. But now the stakes are especially high for entertainment companies as they sell more of their products online in the form of digital songs, movies and other intellectual property. Internet piracy may be tougher for lawmakers to conceptualize, entertainment companies fear."

4 of 309 comments (clear)

  1. Other things that have ripple effects. by Demon-Xanth · · Score: 5, Insightful

    Making crappy movies.
    Sueing your audience.
    Making your customers go through crap that people who don't pay don't have to go through.

    --
    If you think education is expensive, you should try ignorance -- Derek Bok, president of Harvard
  2. Um... by Pancake+Bandit · · Score: 5, Insightful

    This study recieved funding from NBC Universal and the MPAA. Why am I having a hard time taking it seriously?

  3. Re:The entire movie industry by TubeSteak · · Score: 5, Insightful
    The entire movie industry is sooo small economically wise it is rather pathetic they have as much pull as they do...the candy industry is about 10 times the size
    FTFA:
    "It's important to remember, however, that even though piracy prevents money from reaching the movie industry, those dollars probably stay in the economy, one intellectual property expert said."

    Translation: It doesn't really matter if they take their made up number and multiply it by three. The economy wasn't hurt.
    --
    [Fuck Beta]
    o0t!
  4. Study finds need for more studies by sinij · · Score: 5, Insightful

    Hollywood study finds that Hollywood deserves more money. Big surprise?