With the advent of the internet and other digital technologies, online piracy has grown into significant concern for all types of copyright owners and publishers. It has a severe effect on multi-billion Films and TV industries. Online piracy is anticipated to cost $52 billion by 2022. Movie industry itself incurs a loss of approximately around 40 and 97.1 billion dollars annually.

The Reasons for Piracy:

The U.S. alone serves as a primary hub making up 27.9 billions visits to piracy websites every year . The rest of the world accounts for approximately 170.6 billion visits.

About Sharing subscriptions

The pros . in countering piracy with Sharing subscriptions.

The cons. in countering piracy with sharing subscriptions.

Along with sharing subscriptions  the companies need to strengthen their licence and revoke digital management copyright act in a strong manner.To prevent undesired access to their intellectual property, there should be high barriers to entrance into the streaming app. Additional methods, such as requesting government authorities and inermidiaries, cooperating with various stakeholders, payment processors, and e-commerce sites, should be used to combat piracy.