Piracy has a profound economic impact on the film industry. According to various studies, the global film industry loses billions of dollars annually due to piracy. This loss not only affects the producers and distributors but also has a ripple effect on the economy, including job losses and decreased tax revenues. For instance, a study by the Motion Picture Association of America (MPAA) found that piracy costs the U.S. film industry approximately $29.2 billion in 2019 alone.