[Commons-Law] Ficci, USIBC to fight against piracy
http://www.financialexpress.com/fe_full_story.php?content_id=159277
MUMBAI, MAR 27 : "Piracy is a growing global epidemic and the
proportions of the menace has reached such critical levels that the
very existence of global entertainment is at stake," said Vijay John
Lazarus, president, Indian Music Industry (IMA).
He was speaking at a session titled, 'Defending your Intellectual
Property: How far have we succeeded?' at Ficci Frames-2007 on Tuesday.
Ficci (Federation of Indian Chambers of Commerce and Industry) and the
US-India Business Council (USIBC) have laid out plans to fight piracy
and increase levels of employment in the entertainment business. Ray
Vickery, senior advisor, USIBC said, "Bollywood makes more films than
Hollywood, yet its revenue is only 2% as compared to Hollywood.
Roughly, the revenue loss due to piracy in the Indian entertainment
industry amounted to $186 million in 2006. Of the 132 films made in
2006, only 8 films made money." He added, that in teaming up with the
Ficci in a Bollywood-Hollywood initiative, would add more teeth to the
fight against piracy.
IMA and USIBC have chalked out a strategy to fight piracy. Vickery
added, "First we have to conduct a study including Indian losses in
films, television, music and video games. Secondly, we need to educate
people about piracy."
Timali Sengupta, CEO, T Sengupta Associates, added that there was a
need for legislation and utilisation of optical disc technology to aid
combat piracy, scientifically. The governments of the US and India
have to be more proactive in combating cross-border piracy, agreed the
Indian and US delegates present at the event.
Ficci and USIBC will hold more conferences with representatives of the
film industry and the legal world. These two trade organisations will
also share critical and relevant information pertaining to combating
piracy.
MUMBAI, MAR 27 : "Piracy is a growing global epidemic and the
proportions of the menace has reached such critical levels that the
very existence of global entertainment is at stake," said Vijay John
Lazarus, president, Indian Music Industry (IMA).
He was speaking at a session titled, 'Defending your Intellectual
Property: How far have we succeeded?' at Ficci Frames-2007 on Tuesday.
Ficci (Federation of Indian Chambers of Commerce and Industry) and the
US-India Business Council (USIBC) have laid out plans to fight piracy
and increase levels of employment in the entertainment business. Ray
Vickery, senior advisor, USIBC said, "Bollywood makes more films than
Hollywood, yet its revenue is only 2% as compared to Hollywood.
Roughly, the revenue loss due to piracy in the Indian entertainment
industry amounted to $186 million in 2006. Of the 132 films made in
2006, only 8 films made money." He added, that in teaming up with the
Ficci in a Bollywood-Hollywood initiative, would add more teeth to the
fight against piracy.
IMA and USIBC have chalked out a strategy to fight piracy. Vickery
added, "First we have to conduct a study including Indian losses in
films, television, music and video games. Secondly, we need to educate
people about piracy."
Timali Sengupta, CEO, T Sengupta Associates, added that there was a
need for legislation and utilisation of optical disc technology to aid
combat piracy, scientifically. The governments of the US and India
have to be more proactive in combating cross-border piracy, agreed the
Indian and US delegates present at the event.
Ficci and USIBC will hold more conferences with representatives of the
film industry and the legal world. These two trade organisations will
also share critical and relevant information pertaining to combating
piracy.
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