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It depends who you talk to. Lobbying groups and large licensing agencies will quote dollar values on how much money they lose through piracy, but consumer organizations are quick to point out errors in their assumptions. Specifically, the RIAA will say that if there are 1000 illegal copies of something, they lost 1000 sales; EFF, PK, and others will respond that not all 1000 of those people would have downloaded the song if it wasn't free.

That being said, infringement is still a big deal. Despite its strong showing at the box office, the 2009 movie X-Men Origins: Wolverine still suffered because of the leaked copy of the film that appeared online a month before its theatrical release. Major music label EMI was recently taken over by Citigroup; as labels are dissolved or combined to stay viable, the public loses a lot of choice.

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Q: How big a problem is piracy and breach of copyright and why?
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