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Joe Karaganis

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The Simple Economics of Piracy (Or, Would You Pay $136 for Tron Legacy?)

Posted: 06/29/11 07:01 PM ET

With bipartisanship in the US all but broken, intellectual property policy is one of the last bastions of strong consensus. With remarkable consistency, Democrats and Republicans have backed industry-led efforts to expand intellectual property rights and ramp up the enforcement of them. Support comes from across the political spectrum, from the US Chamber of Commerce to the current vice president's office, where Joe Biden has led the charge against what he calls "people blatantly stealing from Americans -- stealing their ideas and robbing us of America's creative energies." The latest fruit of this effort is the PROTECT IP bill currently before Congress. If passed, PROTECT IP will empower private parties and the Justice Department to block access to websites deemed to be "dedicated to copyright infringement." What critics fear it will do, instead, is open the door to government censorship of the Internet, stifle innovation in the web services sector, and break the unified naming conventions that make the Internet a truly global network. The act is unlikely, in any event, to seriously inconvenience piracy. The means for circumventing these blocks are trivial and in fact already available.

The image of foreigners stealing American creative products is, of course, political catnip. What US politician wouldn't get behind measures to stop such behavior? Unfortunately, it is also an unproductive way of understanding, much less addressing, the problem of global media piracy. In the SSRC's three-year, comparative study of piracy in the developing world, our teams came to some different conclusions about piracy's causes and potential solutions. Our explanation, at its core, is very simple: high prices for media goods, low incomes, and cheap digital technologies are the main ingredients of global media piracy. If piracy is ubiquitous in most parts of the world, it is because these conditions are ubiquitous.

This may seem like an obvious conclusion but it is strikingly absent from policy conversations about intellectual property, which focus almost exclusively on strengthening enforcement. Nowhere in the industry literature or in major policy statements like the US Trade Representative's annual Special 301 reports will you find an acknowledgement of piracy's underlying causes: the fact that, in most parts of the world, digital media technologies have become much much cheaper without any corresponding increase in access to legal, affordable media goods. DVDs, CDs, and software in Brazil, Russia, Mexico, or South Africa, for example, are still priced at US and European levels, resulting in tiny legal markets accessible to only fractions of the population. Would you pay $136 for a Tron Legacy DVD (the relative price in Mexico, adjusted for local incomes)? How about a $7300 copy of Adobe's Creative Suite? I didn't think so.

So why doesn't Sony or Disney or Warner Music Group lower prices in the developing world and expand its markets? Say, to something comparable to the $1.60 per album level recently advocated by Warner Music UK's former CEO Rob Dickens? Isn't there a win-win scenario in which prices fall, markets grow, and profits increase? To judge solely by the behavior of the big multinational companies in this sector, the answer is no. They're fine with high prices and the resulting tiny markets. Why is this so? We drew two conclusions in our study: (1) they want to protect the pricing structure in the high-income countries that generate most of their profits; and (2) they want to maintain dominant positions in developing markets as local incomes slowly rise. In most countries, there is no serious domestic competition to provide an alternative. And that, too, is a problem.

The big industry players in the enforcement fight see no issue here. As Greg Frazer, vice president of the MPAA put it recently in an interview in Brazil, "Democratizing culture is not in our interests. It really isn't my interest."

Fair enough. But democratizing culture is in the interests of developing-country governments. And legal forms of democratization of access would be much better than the illegal ones we'll get anyway. Would lower prices eliminate piracy? No. That goal is unrealistic. But as the US context shows (and as we show elsewhere in our report), in competitive markets, companies will leverage digital technologies to produce lower-price, lower-piracy outcomes. There's little reason, in contrast, for poor countries to spend scarce public resources on enforcement initiatives designed to prop up the market for high priced DVDs and $300 copies of Microsoft Office. Put differently, there is no viable enforcement strategy without an affordable access strategy. And the US -- the main protagonist of this story -- doesn't have one.

 
 
 
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HUFFPOST SUPER USER
mommom
05:40 PM on 07/03/2011
While I do agree that piracy is stealing,I also think that the reality is that 99% of the consumers who do it would never have paid for the property even if they had been unable to pirate it.Therefore the idea that "billions" have been lost is not true.Maybe some small percent of that figure.
01:14 PM on 07/01/2011
The distribution DVD, CD, and software no longer requires PPE to produce hardcopy disks, print colorful boxes, and manage physical inventory, so why not use existing or purchase new servers to house electronic storefronts and get back some of that loss by providing the data at a price that is market agnostic, but allows for significantly larger number of purchases will result in higher profit margins though the offset of lower cost of bringing product to market. Elimination or significant reduction of physical production of disks, packaging materials, shipping costs, as well as reduction in labor should create massive returns for any company that is in the digital media business.

I think that the companies complaining about online piracy and spending money on lobbyists, politicians, and commercials have violated their fiduciary duty to shareholders by willfully ignoring high profit business models. Were I an investor with significant capital in any of these companies, I'd look to my legal options for breach of fiduciary duty.
07:19 PM on 06/30/2011
I disagree. I guess if the price of credit card numbers being bought and sold on the internet like pork bellies were some how indexed to a regional local economy's currency, criminals would quit stealing them? For a reality check, visit The Chilling Report. chillingreport.com
05:06 PM on 06/30/2011
It's important to note that this isn't just about pirating music and movies. If passed, the PROTECT IP Act would take away Americans’ access to safe, affordable prescripti­on medication­s online--ev­en from legitimate Canadian and other internatio­nal pharmacies­.

PROTECT IP's overarchin­g language fails to make a distinctio­n between the rogue, online pharmacies that do not require valid prescripti­ons and the trusted, safe pharmacies that do.

Over a million Americans can't afford the price of their needed medication­s at home and so they import their prescripti­ons from abroad. PROTECT IP would effectivel­y cut off this virtual lifeline.

RxRights is a national coalition of individual­s and organizati­ons dedicated to promoting and protecting American consumer access to sources of safe, affordable prescripti­on drugs. We're encouragin­g consumers to take action now by sending letters to President Obama and Congress urging them to protect our right to safe, affordable medication­s. For more informatio­n or to voice your concern, visit www.RxRigh­ts.org.
HUFFPOST SUPER USER
Silverwolf72
Are We There Yet?
01:06 PM on 06/30/2011
The loss from piracy is small due to the fact that the people who generally pirate something would not buy anyways
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HUFFPOST BLOGGER
Rick Carnes
05:46 PM on 06/30/2011
Get the facts... the loss from piracy is in the billions each year.
10:54 AM on 07/01/2011
And yet, you provide none.
11:44 AM on 07/01/2011
A few "studies" where a paid shill calls up a recording industry CEO and asks him how much money he thinks they lose to piracy each year is not the same thing as a "fact".
HUFFPOST SUPER USER
Jason Vineyard
Dem turned Repub Constitutionalist
12:46 PM on 06/30/2011
Call your congressmen today and tell them to vote NO for protectIP. All this law will do is make it a felony to post embedded video on webpages! This will kill the alternative media! Just think of all the news articles with videos on the page. Those will all be illegal under this law
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HUFFPOST BLOGGER
Rick Carnes
04:04 PM on 06/30/2011
This is absolutely wrong...

Read the bill, not propaganda.
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HUFFPOST SUPER USER
Marisa Stein
~I solemly swear that I am up to no good~
01:23 PM on 07/01/2011
it's called censorship
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HUFFPOST BLOGGER
Rick Carnes
11:29 AM on 06/30/2011
In order to have a sustainable content creation eco-system you can't lower the price of the product
below the price of creating the product.

Beyond that, what are the ethics involved in allowing thieves to set the value of content?

As a professional songwriter who has the price of the sale of my work set by the US Government via the Compulsory Mechanical license, and as a citizen who pays taxes on the earnings from my work, I expect the Government to protect my property by law and by enforcement.

The "Simple Economics of Piracy" are this: Without property rights the fair value of goods cannot
be established in the market place. So don't lecture creators about pricing until Intellectual property rights are enforced.

Your argument is moot.
12:46 PM on 06/30/2011
The days of writing a song and cashing in on royalties for the rest of your life are over, people no longer want to pay money to hear a recording. Musicians will have to start touring and playing live to make money. Kids today aren't stupid, they know you're charging them way more money then it cost you to make that music and they resent you for it. You really think your song is worth a dollar? Go back to your corporate masters at Sony BMG and tell them the kids today are wise to them and will not be paying $20 an album for 1 good song anymore.
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HUFFPOST BLOGGER
Rick Carnes
04:03 PM on 06/30/2011
OK.. 1. Songwriters are NOT getting rich on one song. We can have a song on a platinum album and still not make it above the US poverty line for the year.
2. Songwriters do not tour or play live. We write the songs for the artists who tour and play live... No one ever told you that the artists don't really write their own songs.
3. No one wants to pay for ANYTHING... but the law requires it. Just because you can steal it doesn't make you smart. It makes you a thief.
4. The idea of charging people more than it costs to produce a product is called making a profit. Profit is a good thing. It incentivizes people to continue producing the product.
That is why the Art. I sec. 8 of the Constitution established royalties for creators.
5. Do I think a song is worth a dollar? Well, if you fell in love to it... If they sang it at your wedding... if you cried over it when you divorced... I think it added way more than one buck's worth of value to your life... WAY more than that 4 dollar cup of coffee you had at Starbucks today.
6. I don't work for Sony/BMG I am a self-employed small businessman. No health benefits. No pension.. No retirement fund. My songs are supposed to be my retirement. But thieves stole them.
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HUFFPOST BLOGGER
Joe Karaganis
01:44 PM on 06/30/2011
I don't see how this moots anything.

Why shouldn't goods with near zero *marginal* cost of production and distribution be sold a lot more cheaply in countries that can't afford western prices (but that are part of the increasingly global culture that drives demand for Lady Gaga, Kanye West, and so on). There's an ethics here too. More importantly, there's a reality: if the industry won't exercise that option, others can and will.

And to our main point: you can't enforce your way out of this situation. The 'problem' is the technologies themselves--copying, distributing, etc. The ethics are secondary and struggling to shape them--according to all the credible research we've seen--is a losing battle. Asking developing countries to prioritize this is also a losing battle. They hit the limits of what they can do--politically, technologically, and economically--much more quickly. And they have other priorities.

So we document 10 years of escalating enforcement efforts with no discernable impact on the availability of pirated goods. Given the politics, enforcement always fails up--toward more expensive, intrusive measures. Analogies with the drug war become useful here.

The compulsory license you mention is also interesting in this context, since it was originally a response to a situation in which rightsholders could not efficiently control who played their songs (here, radio stations). Similar proposals have been put forward for filesharing. Are you suggesting this? Or just calling for doubling down in our new war on drugs?
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HUFFPOST BLOGGER
Rick Carnes
05:45 PM on 06/30/2011
Marginal cost of reproduction applies to commodity goods not to music. Songs are not interchangeable units where a fan will be equally happy to download a Beatles song or Justin Beiber. Not to mention that even when the marginal cost of distribution approaches zero there are still high fixed costs to producing and promoting music. When a creator offers a work at a price that will cover fixed costs and produce a profit and the consumer finds that price appealing and purchases a market is then formed. The 'option' you talk about others exercising is theft. That 'option' is available in any sort of goods... cars, purses, watches... Anyone can become a thief. No business can set its prices at a level that competes with theft. Nor should they be forced to. Is that what you are advocating?

Once again, your "Resistance is futile' argument doesn't fly... the current internet is simply the result of code.... Change the code and change the results. Not to mention the nearly total lack of response from law enforcement to date... but that is changing.

Analogies with the drug war and an enormous stretch...

You are totally incorrect about the origin of the compulsory license, It had nothing to do with radio.

Take some time. Do some research. Learn about the music business works and how what rights create what revenue.
08:01 AM on 06/30/2011
I get my drugs from Canada, I'll happily get my digital media from Mexico.
01:28 AM on 06/30/2011
Or, maybe instead of paying $136 for a movie the world can realize that actors don't need to be paid $30 million a year... And producing giants don't need to be billion dollar companies... =/
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KenGirard
"American" is my religion. I have faith in it.
06:25 PM on 07/05/2011
That is $136 equivalent. Cost for the DVD in Mexico: 151 pesos which is equal to $13 US.
Keep in mind that $5,178.76 US per person per year is the norm in Mexico.
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HUFFPOST SUPER USER
FearlessFreep
A radical leftist with a JS Woodsworth avatar.
12:50 AM on 06/30/2011
I wouldn't pay two cents for TRON: LEGACY!
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HUFFPOST BLOGGER
rtgmath
There has got to be a better way!
08:42 PM on 06/29/2011
What is needed to stop piracy is a way to lock files and programs with a time and location sensitive code. Download a file, fine. But to unlock it would require communication with the company. Companies could also flood the market with unusable files, making finding a pirated copy that works harder to do. So Adobe could have an apparently functioning copy of Photoshop designed for pirates so that the first use of the lasso tool disables the program and destroys the file it was operating on.

These things *could * be done. Companies know it. But they are content to not spend the extra to protect their product and hope that more onerous legislation will do the job for them.
01:13 AM on 06/30/2011
All those kinds of time bombed programs exist now. Problem is, hackers write programs that turn off the time bombs. Those programs are called "cracks," and are easily found on the internet.

Protecting digital media is very difficult because it's just a string of zeros and ones. Any programmer who can get to those zeros and ones can modify a program any way they want.
01:30 AM on 06/30/2011
This technology exists and doesn't work. It really doesn't take very long to hack such simple block, and then redistribute the hacked version. Look up Shogun Total War hacked news; it's a recent video game that required what you ask for (internet connection, unusable, corrupted version otherwise) and it was hacked literally 24 hours after its release.