MANILA, Philippines: The Intellectual Property Office of the Philippines said on Tuesday that the country is losing big revenues due to online piracy and it would cost the government more if the problem remains unaddressed.During the Committee on Trade, Commerce, and Entrepreneurship hearing on bills amending the Intellectual Property Code of the Philippines, IPOPHL Director General Rowel Barba cited the study conducted by Media Partners Asia on the country's losses due to video piracy.
'According to the Asia Video Industry Association, the Philippines has a 70 percent incidence of piracy and is second among the countries with piracy cases.Meanwhile, GMA Legal Counsel Allan Rafael raised the alarm over the pay-per-view sites that have pirated content of their television shows and asked viewers to provide credit card details, which has been causing problems.'Some are offering pay-per-view, similar to what Netflix is doing.
Source: Real Estate Daily Report (realestatedailyreport.net)
Piracy Cause Of Revenue Loss IPOPHL
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