Trudeau speech today

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The Independence News and The Independent News collectively This article is being displayed in the following formats:It appears that you dont have the required javascript enabled to view archive. PleaseTo view articles you must be a subscriber. Com if you would like more information on how to subscribe. 500 million to settle accusations it knowingly allowed pirated movies and TV shows to stream online. Com and signed by movie and TV directors, actors, musicians and other celebrities. The Netflix settlement shows that there is an appetite for this type of content to be removed from the Internet, and we believe that is a good thing, the letter said. The letter drew the support of many of Hollywoods biggest names. 50 billion entertainment industry is in jeopardy of extinction and it is imperative that the artists make a stand here before its too late, said director David O. Russell, one of nearly 60 other celebrities to sign the letter. The letter comes nearly two weeks after Netflix Chief Executive Reed Hastings promised to crack down on shameless pirates and vowed a major investment to combat piracy, which costs the online video distributor hundreds of millions of dollars in lost sales. The letter said piracy costs film and TV studios billions of dollars annually, and said that it is directly correlated to the loss of jobs and industry revenue. Netflix on Wednesday released its 2012 piracy statistics. Last year, Netflix said it had more than 27 million streaming subscribers. Thats up 20 million from 2011 and nearly twice as many as Hulu, the satellite-TV provider that has a far larger subscriber base. The company said it now pays more in local taxes in the U. Netflix launched the first Internet TV service in the U. Last month, and it aims to debut a streaming video service in more than 60 countries around the world by the end of the year. It has also been looking for ways to expand internationally. It agreed in 2005 to pay Comcast Corp for improved Internet and TV service in the Chicago area, but the two companies have been wrangling in recent months over how much money that will cost consumers Additional reporting by David Gregorio in LOS ANGELES; Editing by Dan Grebler and Jonathan Oatis, This story has not been edited by Firstpost staff and is generated by auto-feed.

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