42% of the intellectual property rights violations in the country from March to June 2020 were piracy activities, including illegal streaming and illegal reproduction of copyrighted content.
Worldwide pay-TV market growth has slowed over the past few years due to the shift from video consumption to online streaming.
Sen. Franklin Drilon said instead of regulating Netflix and other streaming platforms, the MTRCB should continue to allow them and other media to self-regulate content.
While the flat panel TV market is experiencing challenges, Covid-19 has had the opposite impact on the streaming media device market with video streaming services becoming more popular during lockdown due to their low-cost compared to pay-TV.
The Department of Finance and the Bureau of Internal Revenue are currently crafting regulations and designing a system to collect VAT on digital transactions to help the government raise revenues.
The significant increase in illegal video download was mainly driven by the Covid-19 lockdowns worldwide.
Freedom is a streaming service that gives current subscribers access to premium channels and lets them watch content whenever they want and where ever they are.