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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.
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Certainly, people require access to the internet for many aspects of their life for example shopping, online banking, education, work and even socialising. Furthermore, TalkTalk Director of Regulation, Andrew Heaney has acknowledged that file sharing is a problem but the answer is to educate people and create legal alternatives.
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.
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]
Bewkes further commented that he did not consider the unauthorized distribution to result in the loss of HBO subscriptions, rather: "Our experience is, it all leads to more penetration, more paying subs and more health for HBO." [38] The show is the most infringed TV show, and "the show's first season was the best-selling TV DVD of 2012. [37]
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During the 1990s and early 2000s, FACT created a 30-second to 1-minute anti-piracy warning called "Beware of Illegal Video Cassettes", [17] reminding customers to check whether or not they have a genuine VHS cassette, and how to report pirated copies; warning that poor quality illegal cassettes could detract from their viewing experience ...