Economist: File Sharing's Impact On Movies Is Modest At Most 214
First time accepted submitter SillyBoy123 writes What is the impact of file sharing releases on the movie industry? Ask the studios and they will say billions. An economist named Koleman Strumph is presenting a paper at the National Bureau of Economics this week that tries to estimate the crowd out from these releases. His conclusion: "I find that file sharing has only a modest impact on box office revenue." In fact, Strumph finds that file sharing before the official release of a movie can actually be beneficial to revenues: "One consistent result is that file sharing arrivals shortly before the theatrical opening have a modest positive effect on box office revenue. One explanation is that such releases create greater awareness of the film. This is also the period of heaviest
advertising. In conjunction with the main estimates, this suggests that free and potentially degraded goods such as the lower quality movies available on file sharing networks can have some beneficial effects on intellectual property."
So this means... (Score:5, Funny)
That all the work to prevent piracy of movies is paying off.
Good work Hollywood!
Lies, damn lies. (Score:5, Funny)
The economist, spreading FUD.
Piracy has ruined the movie industry like it ruined the music industry. Counting all the billions in lost sales because of people distributing data by making it available mean that Hollywood and movie studios have run out of money.
Authors, musicians, actors, directors, agents and artists are all dying of starvation.
Why do you think there has been a rapid decline in content creation? less movies and music every single year, year on year. Piracy is killing the industry.
Look at the terrible fate of Microsoft, suffering the most pirated OS to date.
Poor bastards.
Re:Lies, damn lies. (Score:5, Funny)
Why do you think there has been a rapid decline in content creation? less movies and music every single year, year on year. Piracy is killing the industry.
Speaking of creation, "Home fucking is killing the prostitution industry!"
Re:So this means... (Score:5, Funny)
I doubt many people feel bad for downloading porn for free
Download porn? Watching it more than once feels too much like a relationship.
Re:So this means... (Score:2, Funny)
Re:Lies, damn lies. (Score:5, Funny)
Someone missed the sarcasm.
Hint: It's you. You missed the sarcasm.