Market News - AntiPiracy

Passage of anti-piracy bill will make PH creative economy on par with South Korea

The article “Passage of anti-piracy bill will make PH creative economy on par with South Korea” from Manila Standard discusses the potential impact of proposed anti-online piracy legislation on the Philippines’ creative industry.

 

Viva Communications’ CEO, Vicente “Vic” del Rosario Jr., emphasized that online piracy significantly hampers the industry’s growth, stating that without piracy, the Philippines could develop a creative economy comparable to South Korea’s. He highlighted that piracy reduces potential revenue, limiting budgets for content creation.

 

Two Senate bills, Nos. 2150 and 2385, aim to amend the Intellectual Property Code to address online piracy. The proposed legislation would empower authorities to implement site-blocking measures against infringing websites. Globe Telecommunications supports these efforts, noting that such measures would protect consumers and bolster the creative sector.

 

The article underscores the urgency of passing these bills to strengthen enforcement against piracy, thereby supporting the growth and sustainability of the Philippines’ creative economy.

View the original full article here: https://manilastandard.net/news/314582911/passage-of-anti-piracy-bill-will-make-ph-creative-economy-on-par-with-south-korea.html

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