January 1, 2013

Looks like piracy doesn't hurt; Hollywood sets record

Torrent Freak - The MPAA tends to leave no opportunity unused in its quest to show that online piracy is devastating the movie industry. However, this supposed devastation is not visible at the box office this year. In 2012 North American movie theaters showed more movies than ever before, and for the first time in history domestic box office grosses surpassed $10.7 billion The new record comes in a year where two academic studies have shown that “piracy” isn’t necessarily hurting box office revenues .

1 comment:

Paul Tullis said...

The problem with this conclusion is that the dollar figure is not reported in real, inflation-adjusted dollars, which makes it statistically worthless. The figure to look at is number of tickets sold, which has been down year-over-year for several years running. It's disappointing to see what is clearly either innumeracy or deliberately misleading reporting here, as it damages the credibility of reporting on other topics.