The impact of piracy on the entertainment industry cannot be overstated. Piracy results in significant revenue losses for producers, distributors, and other stakeholders. According to a report by the International Federation of the Phonographic Industry (IFPI), piracy costs the global music industry over $29 billion annually. Similarly, a report by the Motion Picture Association of America (MPAA) estimates that piracy costs the US film industry over $29 billion annually.