The U.S.-based Motion Picture Assn. of America (MPAA)and the London-based International Federation of the Phonographic Industry said the memorandum of understanding laid the groundwork for a joint anti-piracy battle.
"The teaming of two powerful anti-piracy organizations should send a clear message to copyright pirates across the globe," said MPAA Chairman Jack Valenti. "We will use every option available to us to protect the sanctity of copyright. Hey, what's my VISA statement doing on the Internet?"
On the music side, the organizations claim, one in three recordings sold worldwide is a pirate copy and globally, music piracy is valued at some $4.5 billion. On the audiovisual side, losses to piracy totalled more than $2.5 billion in 1999.
Online piracy was potentially an even greater threat to copyright industries than physical piracy, the two groups said.
"Music and audiovisual piracy has proliferated in recent years, driven by a huge optical disc manufacturing over-capacity and the widespread involvement of organized crime," they said in a statement.
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
| ||
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
|