Fast-forward to 2021, and the scenario has changed dramatically. With the rise of streaming platforms and online movie distribution, the way people consume movies has undergone a significant transformation. However, the menace of piracy continues to plague the film industry. According to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI), the Indian film industry loses approximately ₹18,000 crore annually due to piracy.
The consequences of piracy are far-reaching and devastating. For the film industry, piracy results in significant financial losses, which can have a ripple effect on the entire ecosystem. The losses incurred due to piracy can lead to reduced investments in film production, fewer job opportunities, and a decline in the overall quality of films. Fast-forward to 2021, and the scenario has changed
Moreover, piracy also affects the creative team and the artists involved in the film. The lack of remuneration for their work can be demotivating and may lead to a decline in their productivity. The impact of piracy is not limited to the film industry; it also affects the economy and the government, as it results in a loss of revenue. According to a report by the Federation of