NEWS CATEGORIES:



NEWS ARCHIVE >>
SOFTPEDIA REVIEWS >>
MEET THE EDITORS >>
Home / News / Webmaster / Internet Life

Internet Life


The US Film Industry Has Lost 18 Billion Dollars in 2005

FBI arrested 13 persons involved in New York movie piracy rings

By Marius Oiaga, Technology News Editor

29th of June 2006, 11:46 GMT

Adjust text size:


Two international film piracy rings that operated from New York were broken up by the FBI, the federal agents taking no less than 13 persons into custody. US officials claim that the two
groups are active since 1999 and that the damages associated with movie piracy amount to 6 billion dollars annually, although for 2005 the sum runs up to an estimated 18 billion dollars at a global level.

The modus operandi of the two rings starts with filming movies in theaters with a sneaked-in cam-corder. The films were duplicated on DVDs and sold with prices of even 20 dollars a copy, or distributed through peer-to-peer networks world wide. Officials from the US movie industry, represented by the MPAA claim that the two rings carried responsibility for pirating more than half of all bootlegs movies in the Unites States.

The 13 persons arrested stand charges of conspiracy, copyright infringement and trafficking in counterfeit labels and were due to be arraigned in a Manhattan federal court yesterday. Each charge carries a maximum prison sentence of five years.
Read by 1,177 user(s) | Add comment | Link to this article TWEET THIS


Article rating:
Fair (2.8/5) 5 vote(s)    

Subscribe to news | Print article | Send to friend

© Copyright 2001-2009 Softpedia
Contact:

 

 

SEARCH THE NEWS ARCHIVE :




Today's News
| Yesterday's News | News Archive


MORE RELATED ARTICLES:


Bill Gates Watched Pirated Movies on Internet

Disney Will Start Selling Movies Over the Internet

$20.000.000 worth of pirated software

The Swedes Shut Down ThePirateBay.org

Microsoft Shuts Down Vistatorrent

Windows Genuine Advantage Whispers into Microsoft's Ear Every Day

User opinions:

No user comments yet.
Be the first to express your opinion using the form below!

Share your opinion:

Your Name:
Your Email Address:
(will not be used for commercial purposes)
Solve this to prove you're not a bot: =
Your review/opinion:

 




Windows tabGames tabDrivers tabMac tabLinux tabScripts tabMobile tabHandheld tabGadgets tabNews tab

SUBMIT PROGRAM   |   ADVERTISE   |   GET HELP   |   SEND US FEEDBACK   |   RSS FEEDS   |   ENTER NEWS SITE   |   ENGLISH BOARD   |   ROMANIAN FORUM