Digital piracy is a serious issue that significantly impacts the creative industry. It can cause major delays or even halt ambitious projects, affecting everyone involved—filmmakers, actors, writers, and more.
Financial Toll on the Industry
In Malaysia, piracy costs the entertainment industry billions of ringgits every year. This not only hurts profits but also affects job security and tax revenue for the country. A clear example of this is the 2013 leak of "KL Gangster 2," which resulted in a substantial drop in the film’s earnings.
Marketing Challenges and Lost Revenue
Piracy disrupts marketing plans and leads to fewer ticket sales, making it harder for films to succeed. Streaming platforms like Viu, Sooka, and Disney+Hotstar are crucial in this landscape, providing important revenue sources that help keep the industry afloat.
The Need for Stricter Laws
Malaysian hip-hop artist Altimet has called for tougher penalties against digital piracy. He emphasizes that every ringgit lost to piracy could have been used for future productions, marketing, and technological improvements.
The Role of Consumers
Consumers also have a vital role to play. By choosing legal streaming options, they can help support the Malaysian entertainment industry. This not only ensures that creators receive fair payment for their work but also helps the industry continue producing high-quality content.
In summary, tackling piracy is essential for the survival and growth of the creative industry. It requires collaboration from creators, the government, and consumers to foster a thriving entertainment landscape.