According to a research company, movie and television piracy increased in 2022 compared to the previous year.
According to a report by piracy-focused data company MUSO featured in Variety in early February, digital piracy is on the rise. There are no immediate plans to slow it down.
In 2022, piracy of movies climbed by roughly 39% compared to 2021, while piracy of TV series increased by about 9%, according to the study. Additionally, a rise in piracy is forecast for 2023.
The report stated that this trend “remains a huge concern for the sector, greatly undermining the profits and livelihoods of those engaged — notably smaller, independent creators — and harming the broader economy.”
The US Chamber of Commerce’s Global Innovation Policy Center claimed in 2019 that the yearly cost of piracy to the US film and television business ranges from $29 billion to $71 billion.
According to MUSO, economic pressures are one of the causes of the increase in piracy. Many streaming services, including Netflix and Disney Plus, raised their fees in 2022. In response to its news that it lost roughly 1 million customers in the second quarter, Netflix also said that it will start cracking down on password sharing.
According to a 2019 study by the Additional Zealand-based Vocus Group NZ, it’s not new laws and regulations that assist in combatting piracy, but rather making the material more affordable and accessible.
At 57 and 48 percent, respectively, these two selections were “by well ahead of other options,” according to Taryn Hamilton, consumer general manager at Vocus Group NZ. “Only 33 and 22% of participants, respectively, believed that punitive actions, such as prosecuting pirates and censoring pirate websites, would be successful.”
For further information, see How to Save Money on Some Streaming Services and How Streaming TV Is Dead.