[newsimage]http://static.rankone.nl/images_posts/2010/06/v76KVk.png[/newsimage]The U.S. International Trade Commission (USITC) is being warned by some industry observers that the piracy figures provided by the Recording Industry Association of America (RIAA) and Motion Picture Association of America (MPAA) are unrealistically inflated. Read the full article here: [http://www.myce.com/news/copyright-groups-inflate-piracy-numbers-30992/](http://www.myce.com/news/copyright-groups-inflate-piracy-numbers-30992/) Please note that the reactions from the complete site will be synched below.
Now we know what the Professors think. I wonder what the Rocket Scientists think. Or the Brain Surgeons. Or even the Rocket Surgeons…
You don’t have to have a PhD to know the RIAA and MPAA grossly over inflate their supposed losses from piracy.
Most people don’t buy into these crazy numbers, but for some reason the politicians do.
If there’s 1.5 trillion dollars in losses from piracy, that 1.5 trillion went somewhere. Into other industries, other items. If a consumer is faced with free stuff (piracy) their consumption is pretty much infinite.
However if they have to pay, they have to outweigh the costs with whatever else they’re buying. With how tight the economy is, and how far people are already going into debt, its a good bet, if given the choice, people might be chosing music/movies in that scenario.
Well it’s good to see that the lawmakers are at least getting SOME sensible advice. Even though they’ll probably ignore it & do something really stupid, like usual.