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The film industry has been severely impacted by online movie 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. In India, the film industry has been particularly hard hit, with estimates suggesting that the industry loses over ₹1,000 crore (approximately $137 million USD) annually due to piracy.
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