July 10, 2012
Fearing that it would restrict freedom of speech, basic civil rights and an open Internet, the European Parliament voted down the Anti-Counterfeiting Trade Agreement (ACTA) last week. The move effectively kills the international anti-piracy legislation that the Motion Picture Association of America (MPAA) and the Recording Industry Association of America (RIAA) have lobbied so hard for. We explain what ACTA’s defeat means for Hollywood and what anti-piracy measures you may be hearing about next.
It’s hard to believe piracy is affecting the entertainment industry. Music sales, which have been in a slow decline over the past decade, are actually up this year thanks to digital sales. Movie box office is also up with studios such as Disney having already earned $1 billion in North America alone.
Billion was also a number subscription movie service Netflix has been using a lot lately. Their customers watched more than a billion hours of content in June. That’s not only a new record for the company, but it would make them more popular than any U.S. cable network.
We also cover the week’s top entertainment headlines including Hollywood’s highest-paid actor, Charlie Sheen’s slipping ratings and why we won’t be seeing “Raging Bull 2” anytime soon.