He tries to make a more subtle argument than drawing a direct line between piracy and reducing revenue. Instead he tries to argue that reduced revenue from piracy means studios are less willing to make art movies.
That assumes facts not in evidence! AFAIK, there's no solid evidence that piracy reduces revenue. I mean, that's a worthwhile thing to study and discuss…but it's either ignorant or dishonest to just take that as a given.
Piracy is the biggest threat facing the film industry as we know it — but not in the way you think
If you want to safeguard the future of films that don’t involve superheroes or major franchises, you shouldn’t steal movies from the internet.
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It dissuades no one from creating… AAA studios can only claim that it drops "projected revenue". Which basically means "pretend profit".
What more evidence for this theory you need? We have Spiderman 3,4,5, Superman Remake 2 Sequel 3 etc…
+Helge Rebhan​​ The existence of derivative sequels says nothing about the theory presented.