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ExtraTorrent.cc > Articles > UK Movie Industry Claiming Losses While Profits Soaring

UK Movie Industry Claiming Losses While Profits Soaring

UK Movie Industry Claiming Losses While Profits Soaring

Added: Monday, August 2nd, 2010
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
It is widely known that rights owners prefer keeping quiet when talking about online piracy. Those listening attentively could notice many times how movies raked in record breaking profits, but at the same time the entertainment industry kept arguing that it’s facing total collapse and blaming illegal downloading for that.

flying-money_crop.jpg


The movie industry sticks to the old argument to justify excessively strict copyright laws, blaming piracy for “killing” the entertainment industry and calling the government to stop it or face the collapse of the movie industry. The surveys carried out by the industry prove it is losing millions if not billions dollars in profits. However, this figure should be reconsidered from another point of view – different from the premise of each download meaning one lost sale, as it have repeatedly been acknowledged a flawed argument.

Industry executives might wonder why there are no headlines screaming that the industry is doing quite well, and the answer to that was given above – it keeps quiet.

The story is similar in all other countries – for example, the United Kingdom. The information from the UK Film Council is the following: the movie industry grossed $2 billion at box office in 2009, with takings at record-breaking levels of about £1 billion in the country last year, which is up 62% as compared to decade ago. Moreover, the total of territory box office for the United Kingdom and the Republic of Ireland altogether surpassed £1 billion for the first time last year.

If we look at the investments in UK movies, they seem to be hugely successful, as every £1 invested has generated £5 at the box office. People are interested in visiting cinemas more than before – more that 170 million people visited theaters in the UK last year, which is up 30 million from decade ago and the highest figure since 2002.

As we can see, the British movie industry breaks revenue records by striking £1 billion at the box office, experiencing an increase in 62% over the last decade. And at the same time it dares to complain that it’s dying because of billions in losses (of course, estimated by the flawed logic of each download meaning one lost sale). How that came that we have to be sympathetic for the entertainment industry over money now – the industry, pushing lawmakers to pass excessively restrictive legislation like “three-strikes” regime in the country?



By:
SaM
August 2nd, 2010

Posted by: 
SaM

Date:  Monday, August 2nd, 2010



Comments (2) (please add your comment »)

1
posted by (2010-08-02 21:33:35)
No avatarThe reason is obvious: Is all about control, monopoly. Once they had no competition so they decided the prices as they pleased, now they have to face reality and competition and they are really scared. So what does scared people do. They try to eliminate the competition by changing the rules in their favor. But fortunately the history shows us that sooner or later they will be defeated at their own game.

2
posted by (2010-08-02 21:36:56)
sbye5 avatargood read sam. i would like to say that p2p is not going anywhere, while the legislators and entertainment industries say there loosing all this money while being quite about what there revenue is all B.S.. I have an idea for them, how about you release DVD's and Blu-ray movies a lot sooner than say 6-9 months after the movie hit theatres. I know for a fact that I am the type of person who can't wait for DVD releases of good movies. so if the movie is good enough, I am willing to go to the theatres to see if. I do love p2p networks and i love ET ever since I was showed this site after isoHunt went to the lite version.
all love for ET



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