Hollywood studios report record revenues
Posted on 05/05/05 17:30 by Nosmartz                             
Hollywood studios report record revenues

Well, if you ever wondered if Hollywood was actually losing money to file sharing and other activities they deem wrong, then you should wonder no more. The way it looks, they're making money hand over fist.

Hollywoods claims of DVD copying and Pirating ruining them, or causing them major financial damage, appear to be falling on deaf ears with the amount of reported revenue they raked in last year.

Pirating,' on the other hand, is PR-speak for the completely unrelated criminal duplication of the physical CDs and DVDs the movie and record label cartels produce in their billions and which does indeed rob them of sales and earnings

Worldwide revenues from cinema tickets, videos and DVD sales, as well as television rights, reached a whopping $44.8bn (£24bn) last year, up 9% from 2003

To read more on Hollywoods financial gains, go to p2p.net and check out the story.

Source: Guardian Unlimited

Reactions
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By Ranmacanada, Thursday 05 May 2005 19:46
So does this come as any surprise? The sheeple have no idea of what is actually going on, and they continue to support these cartels. I wish this report would open up law maker's eyes and make them realize that laws to protect these corrupt corporations should be revoked, and more power should be brought to the consumer. Of course, if we bought our government off as much as these guys do, I am sure we would be able to do whatever we wanted with our merchandise. Yes it's a rant, I am just sick of them saying piracy is killing us, then post record profits all the time..kinda like how banks downsize, then have record profits, gas companies gouge us for gas, and have record profits..seems all anyone cares about is making sure they make more money more money more money. blah I hate big business
By psychoace, Thursday 05 May 2005 23:23
They forgot to add inflation into the number I bet they lost billions of dollars in value if you combine inflation Smilie Also pigs are blue
By Kashim, Friday 06 May 2005 08:36
Hollywood is amazing. Who else can sue and threaten their own customers and still post record profits every year?
[edited by Kashim on 06.05.2005 08:40]
By FreqNasty, Friday 06 May 2005 09:41
Well we can all continue copying and not feel guilty about it. Maybe the movie industry could congratulate the torrent sites for promoting their movies Smilie
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