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The financial losses incurred due to piracy are substantial. According to a report by the International Federation of the Phonographic Industry (IFPI), the global film industry loses billions of dollars each year due to piracy. In India, the film industry has been estimated to lose around ₹2,000 crores (approximately $285 million USD) annually due to piracy.

 

The financial losses incurred due to piracy are substantial. According to a report by the International Federation of the Phonographic Industry (IFPI), the global film industry loses billions of dollars each year due to piracy. In India, the film industry has been estimated to lose around ₹2,000 crores (approximately $285 million USD) annually due to piracy.