Pirates cost industry £12 Billion

File sharing pirates are costing the industry around £12 billion per year in lost revenues on games, software, music and video, according to a government report.

These figures show the extent of the issue and how the industry is failing to put an end to it.

The simple solutions of writing legal letters demanding money, leading to court cases and kicking people off the internet, don’t seem to be effective.

The industry believes that faster broadband speeds means that users will be able to more easily download files, so therefore the industry needs to address the problem itself by engaging with the pirates in order to find common ground.

Pirates will not disappear overnight – they want to obtain material this way and therefore it would be in the industries interest to build relationships with the pirates.