Widespread Asian video piracy and computer downloading services are blamed for bleeding off profits and deterring investors.

Hollywood studios were boycotting the market because of rampant video piracy.

However, no significant progress against pervasive copyright piracy was made until 1994, when raids against video piracy began.

An official for the group said the industry was suffering severe losses because of rampant video piracy.

But he does dream of an offshore broadcasting station, which would amount to the last word in video piracy and would cost a lot to launch.

FBI warning labels have been appeared since 1975 in rented movies warning people about video piracy.

The industry holds a memorandum of understanding with Motion Picture Association of America to combat video piracy.

E.T. was the first major film to have been seriously affected by video piracy.

Worse, he said, judges hand out lax penalties, seeing video piracy as a victimless if not a harmless crime.

In the biggest case yet of video piracy in Manhattan, prosecutors used racketeering statutes to seek long prison terms for the accused.