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Piracy Who? MPAA Enjoys Record Overseas Profits - AGAIN!

By soulxtc

Despite repeated dire predictions for the health of the movie industry and the welfare of the people it employs, is estimated to surpass last year's all-time box office record of nine and a half billion dollars. The MPAA would have you believe that these are tough times for the movie biz as it faces the scourges of physical and digital piracy amidst a global economic downturn. "If you look at the situation, the current economic crisis makes this problem much more serious than before," MPAA head Dan Glickman recently told a forum. "If we don't protect IPR (intellectual property rights), our economic losses will be far worse." Apparently Glickman either hadn't looked at the overseas box office tallies so far or is keeping them to himself for a recent report indicates that the MPAA is about to enjoy record overseas profits, surpassing even last years all-time record of $9.

Full post as published by ZeroPaid on January 02, 2009 (boomark / email).