TV piracy causing €700m in damage in Germany per year

Overall, including the preceding and following stages of the value chain, the lost turnover amounts to around €700 ($810.0) million per year. This is associated with tax losses of €170 ($196.73) million per year. These are the results of a study German consulting and research group Goldmedia compiled for German commercial broadcaster association VAUNET (formerly VPRT). – Jörn Krieger, Broadband TV News