Piracy To Cost Asia TV Industry $1.3 Billion This Year

Law360, New York (October 28, 2003, 12:00 AM EST) -- The pay television industry in Asia will lose nearly $1.3 billion in potential revenues this year due to piracy, the Financial Times reported Tuesday.

The losses, calculated by multiplying the lost revenue per legitimate users by the number of viewers of pirated TV signals, were revealed in a survey co-sponsored by the Cable of Satellite Broadcasting Association of Asia and CLSA Asia Pacific Markets, the Asian investment banking arm of Credit Lyonnais.

Of the $1.3 billion total, $874 million is potential revenue lost by cable and...
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