Piracy Hurting Movie Industry … Really?
All we hear round the clock is how motion picture industry keeps on complaining about the piracy hurting their revenues. Now look at the latest figures from Motion Picture Association of America (MPAA):
The confusing part is the link in the “Latest News” section of MPAA that claims an all-time high in domestic and global box office sales. The global market grew 4.9% to $26.6 billion, claims the MPAA, and the U.S. domestic market grew roughly 5.4%, passing the $9.6 billion mark.
It is surprising to see the MPAA claim that the motion picture industry is taking a beating from piracy when their own data shows that the market is producing better than before. This is not to say, however, that piracy doesn’t have an effect on the film industry.
So please stop complaining as you yourself just proved that even though the film industry is taking some large hits from piracy, the industry is still raking in quite a sum of cash. And btw, with getting rid of DRM agenda I am quite sure that there is even more money to be made.