The true cost of piracy and how illegal streaming hurts the entertainment industry
International research referenced in the article estimates that digital video piracy causes up to $71 billion in annual losses to the global entertainment industry .
Much broader data from other reputable sources corroborate this figure:
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A U.S. Chamber of Commerce–supported 2019 study estimates global online piracy costs the U.S. economy at least $29 billion in lost revenue per year .
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Pirated streaming providers in the U.S. represent a growing threat, with cumulative cost estimates of $113 billion in lost revenue by 2027 .
Thus, the Daily Investor article underscores how illegal streaming impacts the entertainment industry significantly—both in lost revenue and economic damage.
