Content industry players want stiffer penalties against digital piracy

  • 📰 staronline
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 75%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

PETALING JAYA: Malaysian content industry players have said that the current penalty for committing acts of digital piracy doesn’t commensurate with the huge economic losses suffered by the content providers.

They said that the annual loss due to digital piracy is estimated at RM3bil to the entertainment and media industry, RM500mil in taxes and puts thousands of jobs at risk.

“Eradication of digital piracy to ensure that only responsible content is streamed requires collaborative efforts of all parties from content providers, broadcasters, regulators, authorities and consumers, to telcos, internet service and e-commerce providers. “This act of theft is not new and has to be resolved by the authorities. I regret to see empty rhetoric without a real solution to the problem. Without stricter regulations, piracy will continue to be a cancer to the creative industry and its talents, ” he said in the statement.

Astro regulatory director Laila Saat said they welcomed recent charges against sellers of Illicit Streaming Devices and will continue to work with authorities and content partners to send a strong message that content piracy is theft, illegal and punishable by law.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Content players call for more action as local industry loses RM3bil annuallyIndustry players are calling for stricter penalties against digital piracy, which they claim has caused the entertainment and media industry to suffer an estimated RM3bil loss annually.
Source: staronline - 🏆 4. / 75 Read more »

Media, entertainment industry loses RM3 billion annually through piracyKUALA LUMPUR, Feb 23: The local media and entertainment Industry has suffered about RM3 billion in losses annually due to digital piracy. Industry pla...
Source: theSundaily - 🏆 25. / 51 Read more »

Local media, entertainment industry suffers RM3b in annual losses due to digital piracy | Malay MailKUALA LUMPUR, Feb 24 — The local media and entertainment Industry has suffered about RM3 billion in losses annually due to digital piracy. Industry player, in a joint statement yesterday said it has also resulted in the government losing an estimated RM500 million in tax revenue...
Source: malaymail - 🏆 1. / 86 Read more »