Slashdot Mirror
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."
This former network CEO (I'm not sure about his position in this former company) is wrong. The reason for this is just streaming, just Netflix or something else. Torrent alone is not a factor in this at all. For instance TCM Nordic closed down on 1st June due to drop in viewing and this is not first time that Turner Network close down television stations. They have closed down Silver and Showtime (I think it was) in the Nordic countries (where I live) due to drop in revenue and viewing of those stations (all where subscription cable television only stations, either included in a package or part of an extra channels people where able to buy).
Television networks are going out of business the same way newspapers did few years ago and nothing is going to change that fact. Blaming it on piracy is stupid and not according to facts or data on this matter.
None pay-walled article.
https://torrentfreak.com/pirat...