The damage caused to the movie and music industry as a result of piracy

Piracy is a threat to many industries that depend on CDs and DVDs. As a result, these industries suffer heavy losses due to piracy. Piracy has eaten into their profits and as a result, this has put a lot of strain on the creativity of this industry. As a result, people who have put their hard work into it do not profit from it. The movie and the music industry especially have been heavily hit due to piracy.

The reason why piracy has come to prominence

Piracy is flourishing because people in the world are purchasing pirated products. It is largely because of the cost factor and the easy availability of such CDs and DVDs. The cost of a pirated movie CD or DVD is comparatively cheaper than the original. However, these pirated CDs and DVDs do not give you the same sound quality and picture quality that you would get with an original CD or DVD. Although they may not have the quality that people desire, people still purchase pirated movie CDs and DVDs.

The losses made due to piracy

Due to piracy, a lot of people such as producers and distributers that invest heavily in these films and CDs fail to make the money they invested in the first place. Thus producers who make heavy losses have become very apprehensive about whether or not to invest so piracy is taking a heavy toll on creativity.

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