Google’s recent commitment to downranking known torrenting sites has been one of the biggest steps forward for the entertainment industry’s long-standing fight against piracy. According to Fossbytes,the financial impact of illegal torrenting on a single film can be huge. It’s estimated that Lion, a 2017 film starring Dev Patel and Nicole Kidman, or has been downloaded and streamed at least 931000 times from pirating sites. Despite this,Google is still hesitant to fully remove sites such as The Pirate Bay from its search engine results.
A discussion on Quora indicates that economists at the University of Pennsylvania believe paid consumption of movies is typically reduced by 5.2 percent as a result of piracy. Approximately 67 percent of consumers who download or stream a film illegally don’t finish up making any later purchases that support the film’s cast and crew. If this formula is right, 623770 torrent site users ultimately provided zero revenue for Lion.
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Source: inquisitr.com