Piracy To Cost Streamers $52 Billion?

Digital TV Research has issued a report about a study they’ve recently conducted measuring the impact of piracy on the streaming services across 138 countries, and across TV and movie output.

The result? That Netflix, iTunes, Amazon and their streaming peers will lose a project $52 billion in revenue between 2016 and 2022 due to piracy. The figure is said to be for streaming services only, does not account for losses sustained by traditional cable and satellite pay-TV players, and apparently does take into account that not everyone pirating content would necessarily sign up for a legitimate service if their illegal access was cut off.

One bit of good news is that the gap between legitimate revenue and piracy is widening as people opt for more legit services. A few years ago piracy easily eclipsed subscription and ad revenue. In 2013 it reversed and last year it had widened further to $37 billion in actual revenue vs. $26.7 billion lost to piracy. That’s going to go even further with next year’s totals expected to be $55.5 billion and $37.4 billion respectively.

The Asia Pacific region will take over from North America as the region with the most online piracy in 2018.

Source: Variety