Piracy has been an issue since the early days of video recording, like copying VHS tapes or filming in cinemas. As technology has advanced, piracy has shifted online, becoming more widespread thanks to fast internet and easy-to-use file-sharing tools.
According to a report, online video piracy is costing the global media industry about $75 billion a year in lost revenue. This amount is expected to grow even more, reaching $125 billion by 2028, with piracy increasing annually at nearly 11%.