Chinese Film Piracy Steals $2.7 billion US
Movie piracy in China cost the global film industry $2.7 billion US last year, according to a report by the Motion Picture Association (MPA).
While major film studios in the United States lost around $565 million, China’s film industry was the worst affected, losing about $1.5 billion to piracy.
“In terms of who’s losing the most here in China, it’s not the MPA’s member companies, it’s the local industry,” said Mike Ellis, head of MPA Asia Pacific.
The numbers are bad news for the major U.S. studios, as well. In 2003, the MPA estimated that they lost only $168 million.
The report also said that nearly 40% of the losses are a result of people downloading films from the internet.
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