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Terror groups use movie piracy as funding source

From now, along with drugs, money laundering, extortion and smuggling, film piracy has started contributing to terror funding. Terror groups and international criminals have always been interested in movies be it by funding movies or by extortion. Movie industries across the world have raised their concern about growing piracy as it erodes their profits (around $250 billion annually). The London Evening Standard recently found out that UK’s market has been flooded with illegal copies (being sold at $2-$2.50) of Oscar winning movie Slumdog Millionaire. However, the matter doesn't not cease here but envelope larger issues. Film piracy has now become hot favourite among international terror organisations. Terrorists and organised criminal groups are exploiting this huge market in order to fund their terror plans. Take for instance, the highly active D-Company that spearheads the major syndicate involved with film piracy in India and sub-continent since last 25 years. This mode of terror funding is not only present and practiced in Asia and UK but is also found in Latin American countries like Brazil, Argentina and Paraguay as well. As per the research by the US Think Tank RAND Corporation, this tri-border area channelises around $20 million annually to Hezbollah. The globalisation of movies has catapulted the growth of film piracy. There have been numerous cases wherein pirated movies and music reached the international market even before the movie is released in the home country. Delayed release and restrictions of release of (allows 20 movies per year) international movies in countries like China have cost its industry a whopping $2.5 billion in 2005 due to influx of pirated DVDs.

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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

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