Big Entertainment: Block That Tech!

Feeling they’ve been burned by technology, the entertainment industry is moving aggressively to block new technologies that could potentially impact their business. “The U.S. movie industry generated $41.2 billion in revenue last year, but estimated it lost $3.5 billion in potential revenue due to piracy of DVDs and videos. The industry has not been able to estimate revenue lost from Internet piracy. The recording industry has blamed online file-sharing as a major reason for a decline in sales from $14.3 billion in 2000 to $11.8 billion in 2003.”

Source: San Francisco Chronicle - 08/30/04