Peer to Peer Piracy and the Film Industry Essays -- Exploratory Essays

catch to Peer Piracy and the Film IndustryIntroductionEach day an estimated 400,000 films give-and-take hands through the Internet. Movie buc female genital organeering, once reserved to pirate syndicates and amerciable duplication factories, has become a common staple among college students with high-speed meshing access. With advanced compression technology, movie files can be transferred across continents in hours and across campus networks in under ten minutes. File-sharing is seen as a victimless crime, hardly the motion picture sedulousness is expected to lose $3.5 billion this twelvemonth alone due to piracy. Pirate activities undermine every aspect of the authoritative filmmaking business since legitimate retailers can non possibly compete fairly with pirate business. Therefore, piracy negatively affects all aspects of film-making including the studios that invest in the film, the distributors, the retailers and foreign and local filmmakers. stinting ImpactIntellectual property (TV programs, movies, etc) is an incredible source of growth for the American economy. Intellectual property is not only Americas largest interchange export, but it is creating new jobs at triple the rate of the rest of the economy, and is accountable for more than five percent of the GDP. The movie industry alone has a surplus balance of trade, something no other American company can lay claim to. Moviemaking is a risky business, for it is not always profitable. precisely one in ten films ever recovers its initial investment from internal representation exhibition. In fact, four out of ten movies never recoup the current investment. In 2000, the average studio film cost had a append cost of over $80 million per film. No other industry in the world risks that much capital to make, finance, produce ... ...ue entertainment in a lawful environment.The attitude of entitlement that many internet users exhibit with find to internet piracy must stop. The movie industry wi ll not suffer the pillaging that has been inflicted on the music industry by episodic pirates. New efforts to prevent piracy are currently being undertaken and they acknowledge research to new technologies to prevent piracy and copying, strengthening laws to inflict harsher penalties for right of first publication infringement, and educating the public about why copyright protection is imperative to economical growth and the negative effects that file-sharing has on the American consumer. Works CitedValenti, Jack. Thoughts on the Digital Future of Movies, The Threat of Piracy, The Hope of Redemption. Motion Picture connector of American Press Release. 30 Sep. 2003