Exogenous variation comes from the unexpected shutdown of the popular file hosting platform Megaupload.com on January 19, 2012. The estimation strategy is based on a quasi difference-in-differences approach. We compare box office revenues before and after the shutdown to a matched control group of movies unaffected by the shutdown.
We find that the shutdown had a negative, yet insignificant effect on box office revenues
via Piracy and Movie Revenues: Evidence from Megaupload by Christian Peukert, Jörg Claussen :: SSRN.
Robin Edgar
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