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Movie industry lobbyists like to say that online piracy costs their clients billions of dollars every year, and it’s getting worse — but that’s doesn’t quite seem to be the case, according to data released this week by the nonpartisan Congressional Research Service (CRS).
The CRS report (embedded below) shows that the movie industry is doing very well, earning record profits and paying executives more than ever, even as it hires fewer workers than it did just a decade ago.
Originally posted by navy_vet_stg3
Banks, CEO's, movie industry, music industry, etc. They all rinse and repeat the same thing. Claim they're in trouble, we lose more jobs and liberties, and they make an even bigger profit. Gotta love this American ride!
Originally posted by Oaktree
Shouldn't I only need to pay for the actual cost of replacing the media, rather than continuing to pay Metallica for their awesome album?
I paid them in 1986, the fact that my cassette's and c.d.'s wore out doesn't negate the fact that I already paid for the rights, does it?