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Pirates earning more than producers
By: Tupaki Desk | 22 Aug 2016 7:26 AM GMT
Indiaâs film industry is the largest with nearly 1000 movies produced every year. If we have to talk about the startling facts behind this industry, we need to say that pirates are earning more than the producers.
If Indian films gross around $2 billion from screening at theatres, home videos and TV rights, Piracy doers earn nearly $2.7 billion, 35% more than what legal earnings of producers are. This is equal to nearly 18,000 crores loss. With films being recorded on video cam and released on internet torrent websites, this piracy is killing film industry.
World Intellectual Property Organisation (WIPO) has also confirmed these figures and Indian producers need to take care of this situation to avoid total loss that is in the offing if situation continues this way.
If Indian films gross around $2 billion from screening at theatres, home videos and TV rights, Piracy doers earn nearly $2.7 billion, 35% more than what legal earnings of producers are. This is equal to nearly 18,000 crores loss. With films being recorded on video cam and released on internet torrent websites, this piracy is killing film industry.
World Intellectual Property Organisation (WIPO) has also confirmed these figures and Indian producers need to take care of this situation to avoid total loss that is in the offing if situation continues this way.
