Piracy creates the demand, and tells film companies what shows to buy or to make. Almost no one does torrents now, because everyone has switched to Netflix.
For blockbuster movies, a pirated post-release increased box office earnings by 25% because it convinces people to go watch in theaters, he says. And 3% increase by word of mouth. When piracy disappears, buzz on movie review websites decreases and revenue goes down for the companies.
'The Buried Document: The European Commission's $400k Secret'. There isn't robust decrease in sales. Books, movies, video games, movies, people don't buy less when they pirate. Sometimes they buy more. Only one category saw decrease, which is new release movies. 85% of piraters are subscribed to streaming services also.
Piracy is a service problem, not a pricing problem, a guy said. Because it works, it makes it available.