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Piracy costs content providers, producers up to $8 billion per year: Report

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A report by U.S.-based market intelligence firm ABI Research found that piracy costs content providers and producers up to $8 billion in revenue per year, Advanced Television reported citing the New York Times. The most common forms of piracy include illegal social network live streams, torrents of exclusive series or movies, and web-based redistribution of copyrighted material. Sam Rosen, vice president at ABI, said that content providers should focus less piracy of DVDs and CDs and ownership of digital rights to instead combatting the modern tools people use to illegally access copyrighted material. 

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