Piracy has a significant impact on the film industry, affecting not only the revenue of filmmakers but also the livelihoods of people employed in the industry. According to a report by the International Federation of the Phonographic Industry (IFPI), piracy costs the global film industry over $29 billion annually. In India, the film industry loses an estimated ₹1,500 crores (approximately $200 million USD) annually due to piracy.