Piracy will push global online TV and movie revenue loss to $52 billion

Accoding to a forecast, online piracy will cause revenue loss to nearly double to $52.5 billion during 2016 and 2022 globally. Online TV Piracy Forecasts reported this, after studying 138 countries and included the revenue loss from TV episodes and movies, but did not include other sectors like sports or pay-TV.

Digital TV Research’s principal analyst, Simon Murray, said that piracy can never be eradicated, but piracy’s rate of growth will reduce as benefits of legal choices appear more apparent and government action gets more effective. He added that legitimate revenue earned from movie and OTT TV episodes overtook online piracy losses since 2013, with the gap increasing between the two measures.

Overtaking North America, Asia Pacific will emerge in 2018 as the largest region for online piracy. Piracy losses for Asia Pacific region will double to about $20 billion, between 2016 and 2022. With online TV piracy spreading globally, the top 5 countries accounted for 63% of the total. However, this share is predicted to fall to 55% on reaching 2022.

In 2022, 8 countries will double their losses of 2016, recording over $1 billion in losses. USA with losses of $11.6 billion forecasted for 2022, will remain the biggest country suffering piracy losses. Even though China has taken steps to counter piracy, it will remain a major problem and see revenue losses of $5.5 billion, to reach $9.8 billion during 2016 to 2022. Howerer, the divide between legitimate revenue losses and piracy in China will go up from $1.2 billion deficit, to a $2.4 billion surplus by 2022.

Elsewhere the global problem will not be handled really effectively. The 2016 ranking of 8th position with India, will climb up to 3rd in 2022 (making from $700 million to $3.1billion in losses). Over the same period, Brazil will account for $1.1 billion of losses.

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