The consequences of piracy are far-reaching and can have a significant impact on the film industry. Piracy can result in substantial financial losses for filmmakers, producers, and distributors. According to a report by the International Federation of the Phonographic Industry (IFPI), piracy costs the global music industry over $15 billion annually. Similarly, a report by the Motion Picture Association of America (MPAA) estimated that piracy costs the US film industry over $29 billion annually.