February 17, 2011

"Piracy damages all those lines of revenues."

ZD Net Australia "Piracy is costing the Australian economy a whopping $1.37 billion a year, according to research by anti-piracy organisation the Australian Federation Against Copyright Theft (AFACT)."

'The figures, of which $575 million is attributable to damage to the movie industry, are based on a report by Oxford Economics and IPSOS, which fused market research with a telephone survey of 3500 adults between July and August last year.

'Some 6100 industry jobs were forgone over the same time, according to the research. The figures account for the effect of movie piracy from the box office to DVD purchases and rentals, and various content streaming models.'

No comments: