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The music and film industries have long struggled with the issue of piracy, with many arguing that it results in significant revenue losses. According to a report by the International Federation of the Phonographic Industry (IFPI), the global music industry lost an estimated $29.2 billion in revenue due to piracy in 2020. Similarly, a study by the Motion Picture Association of America (MPAA) found that the film industry lost an estimated $29.2 billion in revenue due to piracy in 2019.