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GREED INC. – Hollywood Pushes for SOPA, Earns Record Profits

December 22, 2011

One of Hollywood‘s biggest arguments against piracy is that it will kill the movie industry as we know it. According to Hollywood, the RIAA, and MPAA, all of which are lobbying for SOPA and Protect IP, not only will it discourage people from making movies because of a lack in profits, but it will hurt the workforce and keep those who work on movies from getting paid. However the nonpartisan group, Congressional Research Service, has found evidence proving quite the opposite. It turns out Hollywood execs are not only doing well, but they’re in fact turning record profits.

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