The Latest in IT Security

A new study looking at the relationship between movie piracy and Hollywood revenues has found that the mass illegal downloads movie studios complain about while spending vast resources to put a stop to, are not that relevant. TorrentFreak reveals that economist Koleman Strumpf has conducted a tremendous amount of research before releasing his determination – that movie piracy is not harmful to Hollywood. He looked at data from 150 blockbuster movies that were released over a period of seven years and, and drew data from a popular BitTorrent tracker as well as revenue projections from the Hollywood Stock Exchange. “There is no evidence in my empirical results of file-sharing having a significant impact on theatrical revenue,” Strumpf told the publication. “My best guess estimate is