Film Industry Unaffected by P2PAdded: Thursday, February 16th, 2012
Category: Bit Torrent Freedom > The Right To Share
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
Another research has proved that the entertainment industry falsely claims that it’s suffering from the piracy caused by BitTorrent networks. The research is titled “Reel Piracy: The Effect of Online Film Piracy on International Box Office Sales”, and was conducted by economics researchers from the University of Minnesota and Wellesley College.
It turned out that the politicians shouldn’t be in such a rush to surrender their people’s freedoms in order to prop up the film industry. According to the results of the research, the United States box office returns aren’t correlated to BitTorrent sharing. In addition, it turned out that shorter delays between the United States exhibition and overseas releases cause less file-sharing.
The study proved once again that the film industry still fails to realize that an effective marketing campaign for new releases in the United States would only stimulate demand in other countries. Meanwhile, if there is no legal way to satisfy this demand, significant part of the viewers would choose illegal methods, according to the report.
In addition, the results of the study showed that movie studios has been wasting fortunes policing copyrights, though they could save it by releasing the movies at the same time as the United States. Currently, film studios believe they are saving money by releasing films at what they think is “the right time”, while their timing is still ignored by online pirates who prefer to take the movies from BitTorrent instead of waiting.
Consumers in the United States, according to the report, would mostly choose the box office over piracy. In other words, if piracy displaced box office sales in the country, the researchers would have expected the slope of the returns profile to shift more considerably as peer-to-peer networks became more widely adopted.
At the same time, the scientists who carried out the study couldn’t see an irregular drop in returns of the local box office sales that could fault BitTorrent. All in all, the report indicated that the entertainment industry wouldn’t lose so much money if the studios decided to release its flicks internationally simultaneously. The same position, however, has been voiced many times before, but the movie industry for some reason refuses to consider this option.
February 16th,2012Posted by:
Thursday, February 16th, 2012
|posted by (2012-02-16 15:15:38)|
|The staggered release of films by the entertainment industry seems to me to be an outdated practice that only contributes|
to piracy. Holding something back that is already available somewhere else is just silly in this internet age. It seems
they set themselves up for piracy when they do this. Maybe the ent. industry execs. know something I don't. Also, lately
I have come across bittorrent content that is not available for rent or purchase in my area, is not publicized, but is
of high quality and deserves to be available. What a shame for others to miss out on all that great content. The entert. industry are feeding the flames of their own funeral pyre.
|posted by (2012-02-16 23:37:35)|
|there just trying to rip the consumer off 4 everything they can....95% of todays crap is not worth paying for anyway, if they dropped there prices and ran it online at a cheaper rate per film through the p2p network, thee take more profit anyway...but they want control...but thats hollywood 4 ya..lol||
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