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However, the consequences of such piracy are far-reaching and devastating. The film industry, which is a significant contributor to the global economy, loses billions of dollars each year due to piracy. According to a report by the International Federation of the Phonographic Industry (IFPI), the global film industry lost over $29 billion in 2019 due to piracy. This loss not only affects the producers and distributors of films but also has a ripple effect on the economy, leading to job losses and reduced revenue for governments.

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