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first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORESanta Anita opens winter meet Saturday with loaded card The MPAA estimates that member companies, including the entertainment industry’s major film studios, lost $3.5 billion in revenue last year from movies being pirated and sold on the streets. That total does not include losses due to the illegal downloading of movies on the Internet. The RIAA estimates it loses more than $300 million each year from street sales of pirated goods. “Producing pirated music is not victimless crime,” stated Brad Buckles, the RIAA’s executive vice president of anti-piracy. “While the pirates’ pockets are lined with profits from the sale of illegal music, record labels’ ability to invest in new bands of tomorrow is undermined.” The arrested man, Rodrigo Hernandez, is expected to be charged with trademark counterfeiting. Greg Hernandez, (818) 713-3758 [email protected]!dtpost 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Three downtown labs capable of producing up to $3 million in pirated DVDs and CDs were raided by the Los Angeles Sheriff’s Department and resulted in the arrest of a man already on probation for felony counterfeiting, the Motion Picture Association of America announced Friday. Among the items seized by deputies were approximately 5,000 DVD-Rs, 3,000 CD-Rs, eight burner towers containing 60 burner trays and two industrial copying machines. “It was a nice-sized raid, but the unfortunate reality is that there are many burner labs like this located in the greater L.A. area and throughout the country because this is a very large problem and a profitable industry for crooks,” said John G. Malcom, MPAA executive vice president and director of worldwide anti-piracy. The raid was conducted Thursday and was the culmination of a joint investigation between sheriff’s deputies, the MPAA and the Recording Industry Association of America. “We have many common enemies so we are sharing information and working together,” Malcom said. “Any investigation we do together is a good thing.” last_img read more