An academic study at a Thai university found that video copyright violations in 2017 may have been as high as 0.55% of Thailand’s gross domestic product (GDP).
Assistant Professor Pacharasut Sujarittanonta of Chulalongkorn University in Bankok said that “abuse of video sharing platforms (VSPs) is causing immense damage to the digital content industry and discouraging the creation of new content.”
The study estimated that this form of piracy is costing the Thai economy “more than 90 billion baht per year.”
Why it matters
While the percentage seems tiny, the fact that it even moves the needle at that level is quite significant. In any currency, the equvalent to $2.8 billion in losses to piracy is immense.