Think i heard this before..
LOS ANGELES -- Runaway production, estimated to cost U.S. companies $10 billion a year, remains a major challenge for Hollywood's hometown industry -- but not the only one. Jack Valenti, president of the Motion Picture Association of America, speaking at the opening of the annual ShowBiz Expo, stressed the danger of Internet pirates doing to movies what Napster did to music -- making them widely available for free. |
Bootlegging will always be a problem but the studios must stop the illegal swapping of movies before the public sees this as an accepted practice, he said.
If you cannot protect copyrighted material on the Internet, then most of you are going to be out of a job shortly,'' Valenti told a crowd of about 400 in his keynote address Thursday at the Los Angeles Convention Center.
To thwart the hackers, at least three major studios are exploring ways to encrypt the films they plan to rent and sell over the Internet in the next four to six months, Valenti said.
A common fear of piracy has even sparked an unlikely alliance of filmmakers across the globe, allowing the MPAA to reduce illegal sales of low-grade analog video discs to tolerable levels, Valenti said.
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Source: AntiOnline
