Is Piracy Killing The Entertainment Industry? Or Is It Boosting It!



Only two weeks after the largest torrent site KickassTorrents was taken down,

we were shocked again by the message displayed on torrentz.eu’s home page:

"Torrentz will always love you. Farewell."

It’s been a rough day for its die-hard fans, one of whom claims that he’d

been using this site for 13 years. It also leaves us wondering if all

BitTorrent giants will be facing the same crisis.

With increasing pressure by publishers and copyright gangs of Hollywood, the

federal government were forced to implement more restrictive laws on online

piracy. And this nibbles away, bit by bit, our one and last frontier of

freedom - The Internet.

As the Internet is now being more potent than ever, traditional entertainment

companies start to believe that it brings more harm than good to them. Yet

they are not aware of the fact that, online sharing can actually have

positive effects on the entertainment industries. File-sharing on the

Internet help promoting movies and TV series to different countries with

accurate translated subtitles. There were even research reports supporting

this view. A few years ago, the LSE (The School of Economics and Political

Science) released a report with solid evidence proving that piracy has not

devastated the entertainment industry but instead, it might actually be

helping boost their revenues! Despite how hard industry lobbyists are trying

to exaggerate the impact file-sharing has had on them, there was more than

ample evidence showing that it actually benefits the creative industries in

various ways:

“Contrary to the industry claims, the music industry is not in terminal

decline but still holding ground and showing healthy profits. Revenues from

digital sales, subscription services, streaming and live performances

compensate for the decline in revenues from the sale of CDs or records.”

“Despite the Motion Picture Association of America's claim that online

piracy is devastating the movie industry, Hollywood achieved record-breaking

global box office revenues of $35 billion US in 2012, a six per cent increase

over 2011.”

"Although revenues from print book sales have declined, this has been offset

by increases in sales of e-books, and the rate of growth is not declining

despite reports lamenting the 'end of the book’."

As the entertainment industries continue to state that online piracy is

hurting their business and try to dismiss these reports as inexhaustive

researches, they are also eroding our human rights on the Internet. And this

has obviously threatened Internet openness and innovation.

Everyone has the right to freedom of opinion and expression. With the rise of

the Internet, the opportunities to express oneself have grown drastically,

our lives have continued to be changed in unpredictable ways. File-sharing is

one of many of those life-changing ways. In a separate story, author Neil

Gaiman for example, noticed that when his books were “shared”, sales

would go up exponentially the following month. There are even actual

statistics proving that those who pirate content are more likely to spend

their money on new music, movie and gaming content. Looking back over the

years, many file-sharing sites have shut down, either voluntarily or forced

by the government. So what has changed after one by one of them was taken

down?

NOTHING.

Nothing happened except that new ones keep popping out, becoming the next

wave of pirating giants. There are resilient torrent giant like The Pirate

Bay - Founders got arrested, having been taken down and down, yet keep

bouncing back; then there are mirror sites and clones of the epic

KickassTorrents, kickasstorrents.website for example; there are also new

sites like iDope.se created by KAT’s fans to pay tribute right after the

next day their superstar was shut down…Maybe it's time for traditional

entertainment moguls to learn to adapt to the growing number of digital

consumers before they lose their customer base to Internet technology.

(The views expressed in this article are the auther' own views)




More

Mistakes Businessmen Make When First Promoting Their Startups

Statistics are pretty grim when looking at startups. Most of those launched will fail and the failure percentage is actually a lot higher than many imagine.

Virtual Reality: A Game-Changer for Sports

Virtual reality has the potential to make courtside seats at basketball games affordable for the everyday viewer.

The Young Homeowners Guide To Managing Money

If you’re just about to move into your first home here are some tips for handling your money so that you can enjoy being homeowner with as little stress as possible.