jumping a red light and downloading movies or series from torrent and a mildred of other websites are both illegal and punishable under the law but how many of us think twice before hitting that tab to download copyrighted content over a decade ago pirated pc games were all the rage and delhi's infamous palika bazaar did brisk business by selling them a set of cds used to cost from 500 to 30 rupees depending on who you are a confused newcomer or a repeat visitor who has struck a chord with the shopkeepers now in the digital age piracy is prevalent as consumers look to dodge the charges demanded by premium streaming sites or catch the latest cricket match or big screen release for free so what exactly is digital piracy the term refers to the illegal copying or distribution of any copyrighted material through the internet primarily it has a negative impact on the revenues of creative industries like film tv publishing music and gaming [Music] their losses run into billions of dollars every year meaning that less ends up being spent on creating new content and jobs in these industries online piracy has a larger economic impact because it cuts into government revenue streams according to data prot the annual global revenue losses from digital piracy are anywhere between 40 billion and 97 billion dollars for the world's movie industries according to a joint report published by akamai and muso india ranked third in consuming pirated content in 2021 between january 2021 and september 2021. india recorded 6. 5 billion visits to piracy websites after the us at 13.
5 billion and russia at 7. 2 billion it might appear to be a victimless crime but the criminals operating these pirate websites can sometimes be a part of dangerous organized crime troops who use your money for committing far more serious offences if you like this video share it and subscribe to business standard for more news views and insights log on to www. businesshyphenstandard.
