What do millennial cord-cutters have to do with piracy? The answer is right here in the How TV Producers Lose Billions to Piracy infographic. Check it out.

Piracy works around the clock. A global network of servers can be accessed through numerous popular sites like Kickass Torrents, Torrentz, Extratorrent, EZTV, RARBG, 1337X and Limetorrents. Many of these have been blocked in the UK, but many and others like them are still operational in the US.

Millennials are responsible for most of this pirated content. Find more analysis on this trend below the fold.
Check out the TV Producers Lose Billions to Piracy infographic, below.Illegal downloading and streaming also have a huge impact on people’s inclination to subscribe to traditional cable or satellite packages. The latest season of “Game of Thrones” set a new record for online piracy, with 32 million people pirating episodes within the first week, according to TorrentFreak.

Alongside this, customers are also potentially bypassing paying for services through shared logins.

"According to Global Web Index, two thirds of Netflix users in the UK and US share their password with other people. Given that some of these users are likely to be in different households, this is a potentially large subscription base that is being lost.”

Piracy and cord cutting go hand in hand

The ubiquitous use of piracy goes hand in hand with the cord cutting, the concept that you can disconnect from the more normal contracts (or actual physical cords). Paid television subscriptions are quickly going under, while streaming content through digital devices is on the rise. And millennials are spearheading the effort.

Source: ANewDomain.Net

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Yeah. So much hypocrisy. They're losing billions, but they're also making billions. So what? If not else, getting free stuff online can engage you to purchase products in the foreseeable future. Try before you buy. I wouldn't worry about the financial status of Netflix and the like. They got plenty of mula. Trust me. You can't stop the wave.

Agreed, @buzzit What you said is traditionally a large portion of the argument in favor of torrenting and content sharing.

@fiorentini - I come from a family of artists, so I know what it's like to be underpaid or not paid at all in this field of work. However, that's not the case with the most popular Hollywood stars and major motion picture companies. Truth is, if you're really into something, you'd most likely find a way to get a hold of it. I'm not advocating piracy. I practice it, but I always support my idols when I get the chance. I go to the movies. I buy tickets for live shows. I've got numerous CDs. I'm good baby. 8-)