October 30, 2007
Piracy derailed biz growth, report says
The ready availability of pirated material is largely to blame for a slowdown in the film, television and music industries after years of uninterrupted growth, according to the Organization for Economic Co-operation and Development. The Hollywood Reporter reports.
"In a 400-page report on counterfeiting and piracy published Monday, the Paris-based OECD notes declining royalties, a drop in the number of performers kept under contract and job losses in the entertainment industry's production, manufacturing and retailing arms.
"... The piracy problems faced by the music and film industries seem considerably worse than other sectors, because ... in the age of digital recording technology, the product is generally authentic and the quality of the pirated copies can be very good."
The report said the situation is likely to worsen, as online transfers eliminate the need to transport the pirated goods long distances or across customs borders, which is when such goods are most at risk of being apprehended."
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