As of 2013, the movie industry has backed away from previous figures estimating the losses from movie piracy. The Motion Picture Associated of America previously reported that up to $58 Billion was lost in business revenue in the United States due to pirating activities.
In an April 5, 2013 article in the Wall Street Journal, it was reported that “the industry has backed away from these estimates, while sharing more data with academic researchers.”
The MPAA has changed its strategy in terms of estimating the size of losses by instead acting as a “trusted data broker” and providing data to researchers.
Based on this method, an academic study has found the effect of movie piracy is between $2 Billion to $3 Billion a year.
Source: Carl Bialik, “Studios Struggle for Focus on Film Pirates’ Booty,” Wall Street Journal, April 5, 2013.