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ExtraTorrent.cc > Articles > Trade Panel Witnesses Keep Doubting on Piracy Estimations

Trade Panel Witnesses Keep Doubting on Piracy Estimations

Trade Panel Witnesses Keep Doubting on Piracy Estimations

Added: Friday, June 25th, 2010
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
The experts on piracy go on questioning if people ready to pay a few dollars for an illegal product would as eagerly be willing to pay up to 10 times more for the original copy. They also stand for the fact that copyright owners are trying to make losses seem as awful as it’s only possible in order to push government officials to some kind of action.


USITC (the U.S. International Trade Commission) is now in the middle of an independent investigation targeted at determining the impact of copyright violations in China on the American economy. Since the part of this investigation was held in a form of a recent public hearing aimed at soliciting testimony from the experts in the copyright field, several experts keep questioning the piracy estimations that rights owners regularly present.

The first to express a doubt in the estimates credibility appeared to be Fritz Foley from Harvard University business school. That was him who called into doubt the assumption that a person who is ready to spend some small amount for a counterfeited product would be as well ready to pay ten times that price for the original. He also made clear for the government that it should use information provided by the multinational corporations with extra care, as they of course have a strong incentive to make the losses look huge.

One should agree to the professor, as he repeats the fact that many critics of the record industry have mentioned: rights owners always believe that each pirated copy would have been a legal purchase if there were no piracy. That doesn’t look like the right way to think about the case.

Other critics join Fritz Foley, suggesting that the American economy is able to even benefit from piracy if look at it from the other point. Of course, the entertainment industry usually get hurt by counterfeited copies of the movies, but at the same time pirates selling the raw materials to counterfeiters might be providing extra jobs for American people. The counterfeited content may also help distribute American democratic ideals.

The critics are opposed by rights holders groups such as the Business Software Alliance, claiming $51 billion worth of software being pirated worldwide in 2009 and blaming expanding sales to poor countries for that. It must have been a real surprise for the BSA that poor people cannot afford expensive legitimate products.

June 25th, 2010

Posted by: 

Date:  Friday, June 25th, 2010

Comments (5) (please add your comment »)

posted by (2010-06-25 19:41:57)
Brynn217 avatarThere is no way to properly estimate the amount that Piracy has cost the executives.. I mean, they are still rich aren't they? Have they suffered like wondering where the next meal might come from? Or do they have to toggle their bills and decide, Should I pay the car payment or mortage this month?

When WE can hurt THEM to THAT extent, maybe I might care...

posted by (2010-06-25 20:38:04)
No avatarThere is no way to say that a P2P version of a Microsoft O/S is a lost sale. What you can say is that a Microsoft O/S that costs £100+ is out of the budget of a heck of a lot of people. In the old days of Win95/98 we would all pitch in and pay a % of the total cost and then install it on several PCs, but they don't want you to do that either, so rather than have 4 people splitting £200 on an original copy, they end up with 1000 grabbing it free. I got Win7 Home for £40, worth every penny, absolute bargain, Win7 is now the fastest selling O/S of all time, will they learn from this when they release Win8, or go back to maxing those profits? They can moan about P2P all they want, end of the day it is all that is stopping Music, Film and Software industries from ripping US off.

posted by Turtle (2010-06-26 00:58:42)
D4T4 avatarThe real question is, who actually makes money from these cases? Well of course it's the legal profession, those wonderful people who have realised that ambulance chasing is too expensive when the price of oil is considered.

posted by (2010-06-26 05:01:18)
terrillcase30655 avatarEven if people didnt download movies on here its just as easy to rent and copy..... I definately wouldnt buy every movie or song i download...... I only buy the real good movies not every single one......

posted by Blocked (2010-06-26 18:01:53)
Crashman_123 avatarA few years ago Sierra Software conducted an experiment by releasing their new game TIMESHIFT with a 'new game' price about 55% of normal, and (surprise, surprise), sold more than 200% of their expected sales. In other words they made MORE MONEY by REDUCING THE PRICE. As it was priced to where almost everybody could afford it, it wasn't pirated much either. If more software companies followed this example, they could GREATLY reduce instances of piracy. (Wouldn't YOU rather have a legitimate copy instead of pirated? I know I would, but at todays prices it's just not possible in many cases.)
As well as that, if Movie Studios released more movies in worldwide releases (or worldwide within about a week of initial release) the instances of movie P2P piracy would drop phenomenally. (Eg, "The Hurt Locker" was only released in a few Australian cinemas [in Melbourne and Sydney], so the ONLY way for people in the REST of the country to watch it was to download it.

PS, Terrill, The studio's aren't as concerned with downloading DVD releases, but are SEVERELY PISSED OFF about lost BOX-OFFICE sales (from downloading latest release movies), as that's how a movie's success/failure is counted. When I hire movies, I usually get 8-10 at a time, then I copy all the movies to Hard Drive until I can watch them, whereapon the good ones get stored and the others are deleted. This isn't piracy if I keep them in digital format for personal use, and don't upload them. (It IS illegal to "make copies" of DVD's but there's no [current] law against storing them in digital format.)

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