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The economic loss caused by digital piracy before the year 2000 is estimated to be worth $265B and in 2004 it was found that 4% of box office receipts were lost. Both piracy and economic losses due to piracy are trending upwards. Lost revenues due to digital piracy were estimated to reach $5 billion by the end of 2005.
Online piracy is connected to the loss of 71,000 jobs and $12.5 billion annually in the U.S. economy, according to research from nonprofits in the marketing and internet safety industries.
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On its face, the r/piracy subreddit is an online forum for discussing the topic of digital piracy, but it can lead to the sharing of illegal content. Westend61/Getty Images
This article points out that technological development such as file sharing, MP3 players, and CDRs have increased music piracy. The most common forms of music piracy are Internet Piracy and compact disc piracy. It also discusses the association between music piracy and organized crime, which is defined as profit-driven illegal activities.
Retailers have lost over a billion dollars, while piracy has resulted in 46,000 fewer production-level jobs and almost 25,000 retail jobs. The U.S. government was also reported to suffer from music piracy, losing $422 million in tax revenue. [92]
Media Piracy in Emerging Economies is a report released by the Social Science Research Council in 2011. It contends that “high prices for media goods, low incomes, and cheap digital technologies are the main ingredients of global media piracy. If piracy is ubiquitous in most parts of the world, it is because these conditions are ubiquitous ...
Piracy usually excludes crimes committed by the perpetrator on their own vessel (e.g. theft), as well as privateering, which implies authorization by a state government. Piracy or pirating is the name of a specific crime under customary international law and also the name of a number of crimes under the municipal law of a number of states.