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Hollywood Says Piracy Has Ripple Effect
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."
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
The phrase "more better" is acceptable English. suck it grammar Nazis
"According to the L.E.K. study, 38 percent of all movie piracy occurs on the Internet, with counterfeit DVDs accounting for the rest."
Caption of the picture:
Pirated-movie distribution operations such as this one in New York mean a loss to industry of about $20.5 billion per year, lost opportunities for about 140,000 new jobs and $800 million in lost tax revenue, the study says. (Recording Industry Association Of America Via Associated Press)
60% of piracy has NOTHING to do with the internet
XYZ x 60% = ~$20.5 billion
Despite that, the MPAA does exactly what the RIAA has been doing with its plethora of lawsuits aimed at filesharing instead of targeting counterfeiters.
[Fuck Beta]
o0t!
...now that immorality is hurting them. Is this the same Hollywood that has been overtly hostile to people who insist that there is such a thing as right and wrong? Piracy is just one of the many effects that Hollywood's fuzzy morality is having on society, and it happens to be the one that's directly biting them in the ass. I don't feel a bit sorry for them. In the various ways they've attacked traditional values over the years, I can't help but wonder how they didn't have the foresight to expect their current predicament.
-Walrus
There has been nothing worth copying! The stuff they put out is so pathetic that I would not want to waste bandwith copying.
I have not been to a first run flick for over 1 year. I have been seeing only 70's and 80's classics such as Blade Runner and Xanadu and James Bond.
Hollywood's product has really be very dissapointing to say the least. Perhaps Congress shall pass laws that dictate minimum quality to this stuff.
Luv
Cleara