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Jan10
Piracy Puts India Under US Scanner

Here is a very interesting article I came across on the Outlook India website which talks about India's role in the growing piracy and how India has come under the scanner of the US.

Article:
Movies from India are the top-grossing foreign film category in the United States,9d945bdec82c5e.jpg with annual revenue estimated at 1.5 billion dollars, said TitleMatch Entertainment Group, subsidiary of a US provider of DVD on-demand systems.

Turnover for Bollywood particularly is expected to grow 16 percent annually over the next five years -- bringing the market to over three billion dollars, it said.

In addition, Hindi film distributors are marketing aggressively their movies in the US digital-cable services, industry reports say.

Also reeling from piracy, the US movie industry has appealed to foreign governments to crack down on illegal DVD factories and toughen laws on Internet file-sharing.

Movie piracy causes a total output loss for US industries of 20.5 billion dollars per year and accounts for more than 800 million dollars in lost tax revenue, according to an American study relayed to the US Chamber of Commerce.

In China, a top US piracy concern, the US chamber will hold a world summit in March on intellectual property (IP) and innovation while partnering with Interpol to establish a "global IP database," Donohue said.

This is the first time the chamber is working with the Chinese government to hold a world gathering to protect intellectual property, a chamber official said.

The chamber lobbied hard and got the US government to conduct a special study on China's efforts on copyright protection and enforcement at the provincial level.

Is Piracy Funding Terrorism In India?


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