Let’s face it. Just about everyone uses the Internet nowadays, from social media, finding recipes or ordering pizza. You can find about all of the latest entertainment releases and news stories as well, plus just about any other information you are looking for. But how has torrenting affected the movie business financially? Unfortunately, the Internet has had a major financial impact on the movie industry, and there are a few major reasons why this is the case.
Less People Going Out to the Movie Theater
Rather than going out to see the latest movie releases and paying the high cost of the movie tickets, Hollywood executives argue that people will instead choose to download versions of the newest releases at home off of the Internet. Although the reality of this is difficult to determine for sure, the sales of movie tickets at the theaters has gone down in recent years. This however started before the downloading of movies off of the Internet for free became a lot more common.
The increased price of movie tickets has also had a negative impact on the amount of ticket sales, but a lot of movie theater owners say they have been made to raise the prices because of all of the illegal movie downloading. However, there are still some movies which do very well during the opening period in the theaters, selling out showings even if the movie has already been found leaked onto the Internet as a free download.
Less People Renting or Purchasing
A majority of Hollywood executives also believe that the ability to download free movies illegally from websites stop the money that would have been otherwise spent when people purchase or rent a copy of the movies. This is also a hard fact to prove, especially since there are more renting opportunities with Blockbuster online program for renting movies, which is rivaling the company NetFlix. There are several independent movie rental businesses which have already gone out of business, but it is still hard to prove whether this is because of the illegal movie downloads or just because the home movie rental business has evolved to include the rental companies who are online.
Movie Studios are Receiving Less Royalties
Still others claim that the movie downloads are taking money out of the pockets of those who funded, made and starred in the movies. With less theater tickets being bought, movies being rented less frequently, and not as many movies being purchased, some people are afraid that they’ll get quite the cut from their pay which will affect the quality of their life negatively, or the ability that the studios have to make additional movies. This is the same fear which was brought up back in the 1980s in regard to the VCR player and the VHS tape. These allegations stated that this device would hurt the movie industry, but they were forgotten since the industry of movies continued to thrive, even with the advent of additional home entertainment options which have become available. Enjoy watching movies with your favorite e-cigarette, visit Jordan’s Website for more reviews about the best e-cigarette!