According to a global movie body, movie piracy in China is costing the industry $2.7bn a year. The Motion Pictures Association say that around 93% of all films bought in China are pirated, and 40% of the losses are accountable to people downloading movies from illegal online sources.The report suggests that the Chinese film industry was most affected, losing $1.5bn to piracy, while major US film studios accumulated losses of $565m to piracy. "In terms of who's losing the most here in China, it's not the MPA's member companies, it's the local industry," MPA Asia Pacific head Mike Ellis said when speaking to the BBC. View: Motion Pictures Association of AmericaRead full story...
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