2022-08-17 04:17:16
Hollywood Contradicts Itself on Effects of File Sharing market data/movies

mp3newswire.net

The commentary from Investor’s
Business Daily writer Brian Deagon recants the MPAA’s spin that “in
2005 alone it lost $2.3 billion to Internet copyright breaches in the
U.S and $7 billion worldwide, including box-office receipts and video
sales”.

The USA Today article tells how the film industry is set to break all box office
records this year. “Through Sunday, ticket sales are at $2.1 billion, a
healthy 6% ahead of the same time last year and 5% ahead of 2005, according
to estimates from Nielsen EDI”, says Scott Bowles who penned this story.
And with summer crammed with such showcase movies as Spider-Man 3, Shrek the
Third and Pirates of the Caribbean: At World’s End, studio executives already
are crowing that 2007 could be a record breaker”. According to the article
“The record was set in 2004 with $9.54 billion in the USA, although 2002
holds the record for most tickets sold at 1.6 billion”.

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