How Pirates Can Save the Home Movie Industry (And Why Netflix is its Future)
Unlike other ‘old media’ establishments like newspapers or the music industry, the movie business has been hit less dramatically by the rise of the web – despite the fact that piracy is rampant. Even though revenues from DVD sales have continued to decline, box office receipts have, at the very least, kept up with inflation. Unlike the catastrophic losses at places like Universal Music, people who make films are still doing relatively okay. But that’s not to say there isn’t trouble ahead. In fact, as Paidcontent reports a recent study put out by PriceWaterhouseCooper suggests the movie biz might…