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Anti-Piracy News

Piracy cost Bollywood $959m: Report
TNN, July 20, 2011, 03.55am IST

NEW DELHI: It was not the global recession but piracy that did the Indian film industry in 2008. While nearly every sector increased the number of pink slips, the film and TV industry created nearly 1.8 million jobs and contributed $6.2 billion to the Indian economy in 2008 alone.

A new report `Economic Contribution of Indian Film and Television Industry' by PricewaterhouseCoopers said the film industry was in fact significantly impacted by piracy. In 2008, piracy cost the Indian film industry $959 million and about 571,000 jobs.

Speaking on the issue of piracy, Motion Picture Association of America (MPAA) chairman Dan Glickman said, "Free is great and everybody likes things for free. In a civilised society, we need to pay for products and services. I believe that as an industry, if we offer people products at reasonable prices in a hassle free manner, people will not steal."

"The menace of copyright theft jeopardises a movie's ability to make money -- if at all. This affects the level of investment available for new films and the ability to create new jobs for workers throughout the country," Glickman said.

"Over the past few years, the industry has experienced rapid double-digit growth and it is expected that this trend will continue in future, resulting in increasing contribution to the Indian economy," Time Warner senior vice-president Hugh Stephens said.