Former MMDA chairman Francis Tolentino vowed to continue helping and reviving the Philippine film industry, which he said has been severely affected by piracy and the entry of foreign films.
Tolentino noted that the cost of film making has rapidly increased that it’s cheaper to import foreign films than produce movies locally.
He said piracy has resulted in huge revenue losses for producers and film makers. In 2013, the intellectual property office recorded a P7.5 billion cost of seized counterfeit films.
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