Report: Online Content Revenue to Top $6.5B in Asia Pacific by 201313 Aug, 2008 By: Erik Gruenwedel
With much of the world's attention focused on the Summer Olympics in Beijing, a new report said paid electronic entertainment content in the Asia-Pacific region will deliver at least $6.5 billion in annual revenue by 2013.
ABI Research, a New York-based media metrics company, said telecommunications companies will spearhead the online revenue surge in an effort to supplant waning phone revenue.
Japan, with more than 67% of the electronic content market share, leads the legal content revenue market for the Asia-Pacific and is expected to continue doing so, growing at a 6% compound annual growth rate.
A distant second is China (19.9%), which the report said could inadvertently give rise to illegal P2P file-sharing sites that have historically perpetrated widespread content piracy.
China ranks among the worst offenders in protecting intellectual copyrights such as DVD movies, books and music. The Motion Picture Association of America (MPAA) says U.S. studios lose about $1.2 billion annually to pirated DVDs in the Asia-Pacific region.
Reports say nearly 90% of all packaged media sold in China is pirated.