Movie Industry Suffers Record Takings

This is taken straight from the Slashdot.org story Besieged Movie Industry Suffers Record Takings, but I've included it here as it's so well written.

The BBC is reporting that the movie industry, in yet another illustration of just how much damage the Internet is doing to the long-suffering members of the MPAA, has just endured a record breaking $1Billion dollar takings for the single month of June. Clearly there is a desperate need to tighten up copyright laws in the face of this huge mountain of cash that is literally being metaphorically syphoned into the studios' pockets. How will they survive?

We are constantly being told how the studios are going bankrupt due to piracy, but it would appear not with figures like these.