Morgan Stanley
India | Saturday, 17 May 2008
Companies
All IBTimes

Hollywood advises Bollywood in piracy fight

By Onkar Pandey
Font Scale:
Posted 02 November 2007 @ 10:25 am GMT

Stronger enforcement of copyright laws and educating audiences are a must if Bollywood wants to reduce millions of dollars in losses incurred every year because of piracy, says a top Hollywood official.

Bollywood superhit movie Dhoom 2 billboard
Bollywood superhit movie Dhoom 2 billboard. Stronger enforcement of copyright laws and educating audiences are a must if Bollywood wants to reduce millions of dollars in losses incurred every year because of piracy, says a top Hollywood official.
Article Tags
america association bollywood copyright entertainment hollywood motion mpa pictures piracy studio

Hawkers selling cheap pirated CDs and DVDs on busy Indian streets find easy patrons among many cost-conscious consumers who pay less than $1 for a disc instead of going to a multiplex with tickets priced at about $3.

Industry estimates say this means more than $400 million dollars in revenue loss for India's entertainment industry. Bollywood, the world's largest film industry by ticket sales, is worth about Rs.8500 crore ($2.15 billion) and is forecast to more than double to Rs.17500 crore ($4.43 billion) by 2011.

"The industry needs strong laws to support copyright, strong enforcement of those laws and stiff sentences for people who violate those," Dan Glickman, the president of Motion Pictures Association of America (MPAA) said at a seminar in New Delhi this week.

The MPAA, which represents the interests of major motion picture companies in the global market, estimates copyright theft cost $1.2 billion in lost revenue in the Asia-Pacific region last year, with annual worldwide losses at $6 billion.

Bollywood films' growing popularity abroad has fed a thriving bootleg industry in countries such as Britain, the United States and Pakistan.

To limit the drain on profits, some Indian studios have gone after the pirates, identifying with the help of police shops stocking bootleg CDs and DVDs and seizing disc writing equipment.

But these steps have achieved little, and experts say that is mainly due to weak law enforcement and a lack of awareness.

Breach of copyright laws is punishable by prison for up to three years, but most pirates get away paying a nominal fine.

"Most important is an understanding by ordinary citizens, the people who love movies, that buying pirated movies hurts the industry and makes it difficult for movie makers to make new films, Glickman said.

IBTimes RSS
E-Newsletters : Enter your Email for Fast News & Opinions
advertisement
Top Stories on Companies
advertisement