Cable Piracy in Asia costs $1.5 Billion

From BusinessWeek:

Cable and satellite pay TV operators in Asia will lose an estimated $1.54 billion this year from piracy, according to a new survey released on Wednesday.ý

The estimated loss also means $213 million is being lost in unpaid tax revenues across the region this year, said the study, which was conducted by the Cable & Satellite Broadcasting Association of Asia (CASBAA) and Standard Chartered Bank.

The survey covers Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailand, Vietnam, Australia, Macau and Pakistan - which is included in this year’s survey for the first time. Excluding Pakistan, the regional figure stands at $1.43 billion, up $300million, or 26% higher in lost revenues compared to 2006.