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It's a steal: Digital piracy never really went away

It's a steal: Digital piracy never really went away

Knives out

The day many of us have feared could be just around the corner — Netflix has outlined exactly how they’ll be catching out and cracking down on password sharers.

After a tough 2022 for the streaming giant, in which subscriber growth slowed to a trickle for the first 9 months of the year, it’s unsurprising that they’re looking to stamp out people getting free fixes of hits like Stranger Things.

You wouldn’t steal a car

Through the silent movie era and the years of bootleg DVDs, piracy has long plagued the film industry, but now — even in the online age — it's still a major plot hole for Hollywood.

Though searches for classic cost-dodging queries like “watch movies online for free” have faded in recent years, the entertainment industry is still struggling to crack down on illegal downloads and streams. Indeed, the online piracy world reportedly saw an unprecedented spike at the onset of the pandemic, with movies hit hardest by the rise.

Although it doesn't really feel that wrong, password sharing — a practice that's against the terms of service of streaming sites — is a major pain point. In 2021, for example, it’s estimated that Netflix lost some $9.1bn to password sharers.

One survey from last year suggests piracy may be something the industry has to deal with for a little while longer with nearly 1 in 4 people justifying piracy because they simply believe “movies / music should be available to everyone for free”.

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Prediction markets show “One Battle After Another” leads in Oscar race for Best Picture

It’s finally Oscars week — and with voting officially closed, all that’s left to do is count the ballots and wait to see who wins this Sunday night. 

This year, the acting categories have been the most interesting to watch, especially the showdown between “Marty Supreme” star Timothée Chalamet and “Sinners” actor Michael B. Jordan for Best Actor. While Chalamet was long the favorite, Jordan has caught up and overtaken him after winning the Actor Award.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But perhaps the most exciting race of all is for Best Picture. Out of the 10 nominees, the two at the top are Paul Thomas Anderson’s “One Battle After Another” and Ryan Coogler’s “Sinners,” both of which are studio releases from Warner Bros. Discovery

Which will win the top prize seems to be split among award pundits and experts. As of Monday afternoon, Gold Derby still has “One Battle After Another” as the front-runner with odds of 76.87%. AwardsWatch, AwardsRadar, and Numlock Awards are also still predicting that “One Battle After Another” will take the statue for Best Picture.

On the other side, reporters from some major trade publications like Variety’s Clayton Davis and The Hollywood Reporter’s Scott Feinberg predict that “Sinners” will take the top honor.

Odds in the prediction markets currently show that “One Battle After Another” is still ahead of “Sinners,” with the former priced in at 75% while the latter is priced at 23%.

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