A study carried out by the US’s National Bureau of Economic Research (NBER) suggests that, at launch, when little is known about a movie, high quality illegal copies demonstrate a positive effect on revenues. In the post-launch period, however, higher quality illegal copies exhibit a negative effect on revenues.
In the NBER paper, Latent Estimation of Piracy Quality and its Effect on Revenues and Distribution: The Case of Motion Pictures, the researchers,
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