And let's move on to some sad news in Japan. Japan Content International Distribution Association (CODA) released an article this week citing losses of between 1.9 and 2.2 trillion yen ($14.2 to 16.5 billion) in 2021 due to piracy in Japanese entertainment, including manga, anime , music and video games. According to information, the number marks a five-fold increase compared to the association's previous study, in 2019.
Japan – Piracy affected Japanese entertainment by billions
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The organization calculated that anime and other video content lost 906.5 billion to 1.4 trillion yen (about US$6.8 to 10.5 billion) to piracy, while manga and other published media lost 395.2 billion to 831.1 billion yen (about US$3 to 6.2 billion).
Furthermore, CODA attributed the increase in piracy to people spending more time indoors due to the COVID-19 pandemic and the proliferation of streaming services. Therefore, the Nikkei Asia newspaper stated that this number exceeds the value of the entire licensed content market, which is estimated at 600 billion yen (about US$5.19 billion) annually.
Finally, what is your opinion on the matter? Leave your comment!
Source: CODA News
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