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posted by
Dopefish
on Friday February 21 2014, @01:30PM
from the mpaa-and-riaa-can't-touch-this dept.
from the mpaa-and-riaa-can't-touch-this dept.
Fluffeh writes:
"The Digital Citizens Alliance has posted a new report estimating that the 'top warez/pirate sites' generate $227 million dollars in ad revenue each year in which a portion of the cash comes from businesses such as Amazon, McDonalds and Xfinity.
TorrentFreak has an interesting write-up on the report going through the numbers nicely and breaking it down. Based on an estimate of the operating costs, torrent sites are also believed to be the most profitable, with profit margins up to 94.1%. It has to be noted, however, that ad revenue is often the only source of income for torrent sites, where direct download hubs and streaming sites have secondary revenue streams through subscriptions and affiliate deals."
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Warez Sites Generate $227 Million in Ad Revenue
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The reason that every major university maintains a department of
mathematics is that it's cheaper than institutionalizing all those people.
(Score: 3, Interesting) by Covalent on Friday February 21 2014, @07:10PM
Honestly... $227M sounds like a lot, but how much did the movie studios make last year in profit?
Well, to put it into perspective, Despicable Me 2 made nearly $900M in profit alone last year
$227M "lost" (though I would argue it's not really lost) is probably less than last year's loss in stale popcorn.
http://boxofficemojo.com/movies/?id=despicableme2. htm [boxofficemojo.com]
You can't rationally argue somebody out of a position they didn't rationally get into.
(Score: 1) by Foobar Bazbot on Saturday February 22 2014, @04:55AM
Your point's not wrong, but it looks like you're subtracting production budget from worldwide box-office gross, and calling the result profit. That's not right -- there are a lot of expenses after production. Advertising, the cost of building and operating movie theaters, the cost of distributing the film to movie theaters (though that has, or should have, gone way down as theaters switch to digital projection), etc. OTOH, there's additional profit from other revenue sources (media/download sales and streaming rentals).
(Score: 1) by AnythingGoes on Wednesday February 26 2014, @04:55AM
And BTW, that number is profit AFTER Hollywood accounting, which means that is probably much, much larger than just a paltry $922M..