Hong Kong Movie Industry Losses to YouTube

The Hong Kong Motion Pictures Industry Association (MPIA) estimates that its members lose up to $308 Million (2.4 Billion Hong Kong Dollars) to movie piracy on YouTube.

Over the course of three days, the MPIA found over 200 films that were illegally uploaded on to the website. The pirated content had over 40 million views on YouTube.

Source:  Karen Chu, “Hong Kong Film Piracy on YouTube Amounts to $308 Million Loss,” Hollywood Reporter, April 23, 2012.