Not the global economy no, digital piracy doesn't take the money you would have spent on a movie ticket and incinerate it. It makes it so that it's able to be spent on something else. A much better question is",Is digital piracy bad for the economy of the entertainment industry?" Which it isn't, art will always be payed for if it's publicized correctly. And publicity isn't a post-cost, it comes before and during the first few weeks of its world premiere. Indie artists mostly depend upon word of mouth anyway, and if it's piss then no one will recommend it.
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