A new report from Digital TV Research posits that revenue losses due to piracy are expected to double between 2016 and 2022 to the tune of $51.6 billion, a significant chest of gold, and that total doesn’t include sports and pay TV.
The good news? Legal revenues from OTT TV episodes and movies are increasing far more rapidly than are revenues lost to pirates.
“Piracy growth rates will decelerate as more effective government action is taken and as the benefits of legal choices become more apparent,” said Simon Murray, Principal Analyst at Digital TV Research, who also advised that piracy won’t ever be totally eradicated.
Losses for the U.S. TV and movie industries are expected to swell to $11.6 billion by 2022, up from $8.9 billion today. China ($9.8 billion), India ($3.1 billion), Brazil ($2.6 billion) and Mexico ($1.6 billion) round out the top 5 countries for losses. Overall, eight countries will record revenue losses of more than $1 billion in 2022 – double the 2016 count.