If online video piracy in the Philippines is not brought under control, the illegal activity could result in annual revenue loss of US$1 billion by 2027, a study cited by the Intellectual Property Office of the Philippines (IPOPHL) noted. Know more:
IF online video piracy in the Philippines is not brought under control, the illegal activity could result in annual revenue loss of US$1 billion by 2027, a study cited by the Intellectual Property Office of the Philippines noted.
“As long as the internet is there, hindi mawawala [piracy will not go away]. Piracy will always be there and our creatives are the ones that will be affected here,” Barba told reporters on the sidelines of the National Intellectual Property Month media briefing last Monday in Taguig City. Meanwhile, premium VOD consumption is growing with Netflix, Viu, Disney, Amazon and local players all contributing as local households and users consume content from the US, Korea and the Philippines, the study noted.
If the country will put in place more efforts to combat online content theft, the study said these efforts will help grow premium online video revenues three times to US$1.6 billion with a “significant multiplier” in the process.
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