Hollywood’s major studios are panicking as video piracy is on the rise again, and the industry’s main lobbying group is pushing Congress to take action against piracy sites that are increasingly eroding studio profits. I am requesting that.
At CinemaCon in Las Vegas this week, the Motion Picture Association of America (MPA) announced it would step up efforts to force lawmakers to crack down on problem sites by pushing what it calls the “Justice Site Blocking Act.” It is about destroying the connection between digital piracy and its target audience. ”
“This problem is not new. But piracy is only becoming more agile, more sophisticated, and more elusive,” MPA Director Charles Rivkin said in a speech. address. “These companies are breaking the law every time they steal and share protected content, committing an insidious form of theft.”
He said the industry loses more than $1 billion in annual box office revenue due to digital piracy.
Although he didn’t say so, the rise in piracy is coinciding with streaming inflation.
Prices for services like Disney+ and Netflix are soaring as overall inflation spurred by the Biden administration continues to hit household budgets. Many streamers are also jacking up prices to drive more consumers to cheaper ad-supported options. This option is characterized by commercial breaks and is therefore more profitable.
As Breitbart News reported, Disney fans recently saw the price of Disney+ soar by 75% in just two years.
Other services that have increased prices include Paramount+, Amazon Prime Video, and Netflix.
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