Apparently movie studios thought piracy warnings were going to work better than they actually did. Come to think of it, when did warnings like that ever work?
A new academic study shows that graduated response policies against file-sharers fail to boost box office revenues. The empirical research, which looked at the effects in various countries including the United States, suggests that these anti-piracy measures are not as effective as the movie studios had hoped.
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Source: [H]ardOCP – Piracy ‘Warnings’ Fail to Boost Box Office Revenues