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Billions of dollars in revenue estimated to be lost

The U.S. has the lowest piracy rate in the world, but globally nearly $50.1 billion dollars has been lost to piracy.  As  illegal downloads become a growing problem worldwide,  individual countries may determine that they do not share the same issues and concerns.  

In the U.S. producers of the movie, "The Hurt Locker” are tackling the issue of piracy by suing filesharers who downloaded torrent versions of the movie. India is taking steps to fight the U.S. ACTA Piracy pact on what they believe to be stringent restrictions, while Spain is finding that it has to get tougher in its efforts to combat piracy.

A new report published June 1 from IDC Research Iberia claims that over 95 percent of music in Spain is pirated. The report indicates that the country lost $6.3 billion in the second half of 2009.  It is estimated that the country lost about $12 billion dollars for the entire year.

The study was commissioned by the Coalition of Creators and Content Industries and targeted music, film, video game, and book distribution. The final results indicated that 95.6 percent of music obtained online in the country was pirated. Pirated films were estimated at 83.7 percent while video games came in at 52.3 percent.

Nearly 6,000 internet users in Spain were surveyed for the study.

"The real figures are even worse," says Coalition president Aldo Olcese, who believes that internet users under the age of 16, presumed to be the most frequent illegal downloaders, were not included in the study.

Anti-piracy legislation, called the Sustainable Economy Law, is expected to be rolled out after the summer in Spain.



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RE: um what?
By Castaway on 6/3/2010 3:18:48 PM , Rating: 2
They may not be lost sales 1:1, but it's hard to argue that there's nothing wrong in someone having a chance to enjoy a product that's not been paid for.


RE: um what?
By jimbojimbo on 6/7/2010 5:46:14 PM , Rating: 2
quote:
but it's hard to argue that there's nothing wrong in someone having a chance to enjoy a product that's not been paid for
But there's the dilemma. How do you know you'll enjoy it if they want you to pay for it before you know you'll enjoy it? I gladly pay for products that give me enjoyment but in the same respect if something is so awful, like say Hurt Locker, will they pay me for my 2hours wasted time? At the very least they should give people their money back or allow people to return the DVD.


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