Film Pirates Arrested

Author:Zara
Date:Thu, 29/06/2006 - 08:44
Category: >

Film pirates worldwide are having a bad day today, which is always good news for the industry.

Following a three year investigation, FBI agents claim to have arrested 13 members of a piracy ring in New York. The individuals were part of an international ring allegedly responsible for half of all video recorded copies of films available on the black market and on the internet in the States, and a quarter of all video recorded copies of counterfeit films worldwide. The ring distributed master copies worldwide via the internet, through illegal distribution centres in Pakistan, Singapore, Hong Kong and Malaysia.

According to official figures, piracy costs the worldwide film industry $18.2bn in lost potential revenues in 2005. The major US studios lost $6.1bn, $4.8m of which resulted from piracy in other countries. Approximately $3.8bn was lost to hard-goods piracy including bootlegging and illegal copying, and $2.3bn was lost to internet piracy.

(delicious | digg | reddit | technorati)

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