A paper from University of Kansas economist Koleman Strumpf (whose work we've featured here for years) empirically examines the impact of file-sharing on box-office revenues.
The paper, Using Markets to Measure the Impact of File Sharing on
Movie Revenues, has a compelling methodology (tracking Hollywood Stock Exchange and Bittorrent stats) and is well-argued, and demonstrates that, as best as anyone can work out from the figures, file-sharing has a negligible (and sometimes positive) impact on box-office take, especially when a good movie leaks a little ahead of the official release, generating some buzz for the film.
File sharing provides a useful laboratory for investigating the economic importance of intellectual property protection. There are two main empirical chal-
lenges: overcoming the non-random timing of the arrival date of illicit copies
and dealing with low statistical power due to limited sample size. This paper
uses markets to address these issues in the context of movies. I show forward looking markets can be used to establish the unobserved counter-factual of how
movie revenues would change on any possible file sharing release date, particularly those prior to the theatrical premier. Using movie-level tracking stocks
in conjunction with the arrival date of illicit copies, I find that file sharing has
only a modest impact on box office revenue.
Using Markets to Measure the Impact of File Sharing on
Movie Revenues [Koleman Strumpf]
Businesses like Adobe Stock use large, visible watermarks to deter copyright infringement; a new paper presented by Google Researchers to the Computer Vision and Pattern Recognition shows that these watermarks can be reliably detected and undetectably erased by software.
US court records are not copyrighted, but the US court system operates a paywall called “PACER” that is supposed to recoup the costs of serving text files on the internet; charging $0.10/page for access to the public domain, and illegally profiting to the tune of $80,000,000/year.
Semihandmade started out as a Los Angeles cabinetmaker called “Handmade,” but when they got a commission to design aftermarket doors for a cheap and surprisingly robust set of Ikea kitchen cabinets, they realized that they could supply excellent-looking, high-spec kitchens at a tiny price by just manufacturing replacement doors for Ikea’s ubiquitous cabinetry.
Top-performing content doesn’t come from pure inspiration. So how do you get the maximum number of eyeballs to see your marketing copy? By analyzing the impact of the keywords within. Serpstat does this all for you. It can monitor up to 200 keywords in your projects, across 10 total domains. They keep track of the […]
Toaster ovens are the perfect appliance for small things like toasted sandwiches and roasted garlic (try it!), but anything more involved usually requires a full-sized conventional oven.However, despite its small size, the Wolfgang Puck Pressure Oven can handle anything from baked pastries to broiled meats. This kitchen appliance has a minimal countertop footprint, and cooks […]