FBI claim to have smashed global camcorder piracy ring

By 2006-06-29T00:00:00

According to officialfigures piracy cost the worldwide motion picture industry $18.2bn in lostpotential revenues in 2005. The major US studios lost $6.1bn, $4.8m of whichresulted from piracy in other countries. Approximately $3.8bn was lost tohard-goods piracy including bootlegging and illegal copying, and $2.3bn waslost to internet piracy.

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