Pirating Movies And Its Effects On The Movie Industry

The movie industry is a booming market during this century. 72/100 of americans go to the movies each year and there are millions of dollars made only on the price of a movie ticket alone. Pirating movies is a common action in the united states and around the world everyday but does this actually have an effect on the movie industry and profits? To answer this question, one must look at three aspects, the industries market, how easy it is to pirate movies and the laws against piracy. With these three aspects, the effect of pirating movies should become clear. Could a simple download have this big of an affect on an industry that makes millions a year in profits?

First, does the industries market actually have an impact from piracy of movies? Supporters of stronger intellectual property enforcement like the men and women who proposed the Stop Online Piracy Act and Protect IP Act bills in Congress claim that piracy of movies is a large issue in the United States. It is estimated that between $200 and $250 billion per year in losses to the united states economy. They also claimed that this causes a loss of 750,000 jobs in the united states. These estimates are wrong. A estimate of $58 billion, was produced by the Institute for Policy Innovation.Stopping Internet piracy may benefit filmmakers but only some filmmakers, and only some of the time. Scholars debate whether this piracy of movies has an affect everyday. This is one of the problem because it seems that it depends on what movie or how often someone would use an illegal site. A recent updated study by economists students at the Munich School of Management and Copenhagen Business School showed a drawing from nearly five years' worth of data. The students looked at box off...

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... should soon come to a halt but instead this law is not enforced as well because with the privacy software on the internet, finding who is responsible for the start of a website or even streaming of a movie is very difficult.

The pirating of movies does have an impact on filmmakers and the movie industry but if it took away enough money from the business the film makes and the industry would do more to enforce these laws. The industries market, how easy it is to pirate movies and the laws against piracy all contribute to the filmmakers and industries loss in money but the gains from each movie do not compare to the money that is made in the theaters. Once a movie has been successful in theatres, they should have enough money to not let pirating affect the industry. Pirating movies does affect the industry and is illegal but it does not have a significant effect.