Megaupload closure boosts digital movie revenues

Megaupload closure boosted movie revenues

The closure of video download sites MegaUpload and Megavideo boosted digital revenues for film studios last year, indicating that shutting down major pirate sites does have a positive impact on studio revenues. The report, compiled by professors Brett Danaher of Wellesley College and Michael Smith from the Carnegie Mellon University, claims that online revenues for two unnamed major studios was between 6% and 10% higher in 12 different countries following the closures in January last year.