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"... studios might just stop making new movies if video pirates nabbed any more of their revenue."

I know this is a joke .... However the thing about pirating and Hollywood crap is that it is all lies. If their isn't a bigger more ruthless pirating world that China or India, how could they still stay in business? China's film industry is doing well (sure it's still censored, but it can't be losing that much money). Bollywood is going gangbusters. They are sucessful markets for making movies.

I doubt Hollywood will go out of business. It may actually help by giving more people access to movies. It certainly won't hurt. The profits that the studios and actors are making will be hurt, but the big losers will be the distribution arms (studios make more on DVDs than anything else) and movie theatres. Looking long range, it might hurt, but then again, it is the only place you can see a movie on the big screen with the crowd and all that ....