Indian entertainment industry loses Rs 22,400 crore due to piracy, with 63% attributed to streaming platforms.

In 2023, the Indian entertainment industry incurred losses of Rs 22,400 crore due to piracy, with 51% of consumers accessing pirated content. Streaming platforms were the largest contributors, accounting for 63% of these losses. A report by EY and IAMAI highlighted the need for stronger regulations and collaborative efforts to combat piracy, particularly in Tier II cities, where access to authorized content is limited.

October 23, 2024
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