http://news.yahoo.com/s/nm/20060503/med ... _movies_dc
Hollywood's major movie studios lost $6.1 billion in revenues in 2005 to illegal videos, DVDs and Internet downloads, which is about 75 percent higher than previous estimates, the studios' representative said.
In a study released late on Tuesday, the Motion Picture Association of America (MPAA), which represents the major studios in government affairs, said the study is the first to measure losses from Web downloading.
The study showed piracy in Asia is less a problem than in North America and Europe.
It also showed that losses stemmed not only from fewer ticket sales but also from fewer DVD sales which has been one of the growing business arenas in recent years.
I really can't feel bad for them, especially when I'm paying $10+ to see a movie, which more often than not suck.
Anyone know how much $$ the movie industry makes a year? I'm guessing they still make a pile of cash, even after Pirates "steal" some of the potential profits.