Piracy: are we being conned?

Is piracy really sending the entertainment industry broke or are the claimed hundreds of millions of dollars in annual losses and thousands of job cuts just a load of hogwash?

The industry is constantly warning of an impending piracy apocalypse but continues to notch up healthy revenues and record box office takings.

From bogus figures to highly exaggerated press releases, analysts and academics claim there is no limit to the hyperbole record labels and movie studios will use in their relentless lobbying campaign.

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