Movie Piracy Cost Australian Network 'Hundreds of Millions of Dollars' (theaustralian.com.au)

Film television piracy and illegal downloads are partly to blame for Australian broadcaster Ten Network's woes, according to Village Roadshow co-chief executive Graham Burke. From a report: He said piracy had cost Ten "hundreds of millions of dollars" in potential advertising revenue because of lower ratings resulting from pirated versions of films supplied by 21st Century Fox under an onerous output deal with the Hollywood studio. He said copies of Fox's Leonardo DiCaprio movie The Revenant and The Peanuts Movie were stolen last year and shared illegally via a piracy website. "Piracy is a much bigger channel and an illicit economy than the three main commercial networks combined. It is ripping off viewers from legitimate, taxpaying enterprises," Mr Burke said. "The product that Ten is buying from 21st Century Fox and is now arriving have been pirated out of sight."

Comments

And film blocking causes MORE damage

[gurps_npc]

Australia's refusal to let their citizens buy/watch foreign films has cost them billions of dollars.

Hey, you gotta point out both sides of the problem.

Pretty hard to prove its pirates

[mr.dreadful]

Given how much Hollywood is struggling with ticket sales, why would stations rebroadcasting 2nd or 3rd run movies expect to not be affected?

What a sense of entitlement!

[140Mandak262Jamuna]

That Graham Burke signed a "onerous" deal with Hollywood studios. But does not blame the bad deal they signed, but expect Australians to bail them out by keeping their ad revenue coming. Just suck it up buddy, when the deal comes up for renewal, make realistic projections and offer what these movies are worth.

Re:What is this about?

[Calydor]

So much this.

It's as if media companies don't understand that with the internet, we have friends all over the world and see news from all over the world.

Let's take Game of Thrones as an example. If you could only watch Season 4 today, how much of it would you know just from what your friends and news sites have talked about? Can YOU talk to your friends in other countries about it, considering they're currently waiting for Season 7 to be released?

We have developed a network that allows essentially instantaneous planetwide communication - and somehow think that delaying entertainment for months and years is a GOOD idea that will not be circumvented by any means available.

Including illegal ones.

Buyer beware

[WolfgangVL]

"Piracy is a much bigger channel and an illicit economy than the three main commercial networks combined."

And your dumbass got in bed with those commercial networks anyway. How much more are they charging you than the other countries? How much longer must you wait for content? How much are they holding back? Did they offer you a higher price to get it sooner? Are they force-feeding you their commercials as part of the deal?

Pirates refused the bullshit terms. You did not. Now cry.

Chump.

Our vassals ...

[PPH]

.. aren't shopping at the company store.

The idea that any entity (corporate or otherwise) own a market is ludicrous. Markets are made up of people and, although I don't know the particulars of Australian law, President Lincoln freed all of ours.