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Piracy has significant financial implications for the film industry. According to a report by the Motion Picture Association of America (MPAA), piracy costs the U.S. film industry over $2 billion annually. The impact is not limited to the film industry; piracy also affects the economy and society as a whole. A study by the International Federation of the Phonographic Industry (IFPI) found that piracy results in significant losses in revenue, jobs, and economic growth.