TechtechnologyPiracy

Despite Complaints Of Piracy, Hollywood Brings In A Record $10 Billion In 2012

So What Was Everyone Saying About Pirates Destroying Hollywood?
By 

Contributor

Open Image Modal
FILE - This Jan.29,2010 file photo shows the Hollywood sign as seen in the Hollywood Hills of Los Angeles. Thirty-five years after it was rebuilt, the sign's letters will be stripped down to sheet metal, primed and given a new coat of white paint. The 10-week project begins Tuesday Oct. 2, 2012. The sign celebrates its 90th anniversary next year. (AP Photo/Reed Saxon, File)

The MPAA tends to leave no opportunity unused in its quest to show that online piracy is devastating the movie industry. However, this supposed devastation is not visible at the box office this year. In 2012 North American movie theaters showed more movies than ever before, and for the first time in history domestic box office grosses surpassed $10.7 billion The new record comes in a year where two academic studies have shown that “piracy” isn’t necessarily hurting box office revenues .

Read more on Torrent Freak

Our 2024 Coverage Needs You

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.

Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.

to keep our news free for all.

Support HuffPost
Suggest a correction
|
Submit a tip