Piracy Paranoia

Yesterday, the Motion Picture Association of America (MPAA) released results of what it called a “worldwide” study on movie piracy through downloading. This self-serving release is obviously crafted to paint a scary picture, and the methodology isn’t well explained. (By world, for instance, the MPAA means eight countries.)
Still, results from the U.S., U.K., France, Germany, Japan, Australia, Italy, and Korea — especially Korea — offer a glimpse of the struggles facing moviemakers such as Time Warner (NYSE: TWX), Lions Gate Entertainment (NYSE: LGF), and Sony (NYSE: SNE).

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