Thursday 24 April 2008

piracy is bad!

http://www.guardian.co.uk/business/2003/oct/21/film.filmnews

Informa Media Group believes profits from legal sales of movies over the internet will be more than $870m by 2010. But sales over the internet would be worth $1.33bn if the industry stopped illegal online downloading.
In fact, the conclusion of the Informa report is not as worrying as one given earlier in the year by Deloitte & Touche. A report from them warned that illegal online downloading could cost the top studios up to $4bn annually within the next two years.
The Informa group also estimates that 144,000 films are downloaded every day across the world or 6,000 an hour.
All this piracy leads to declining cinema figuresa and film makers lose profits. Some low-budget film makers may even find it difficult to break into hollywood because of piracy. It is widely considered to be stealing.

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