Hindi film producers are increasingly seeking piracy insurance to protect against substantial losses, particularly for high-budget films. This trend has gained attention following reports of significant financial damage, such as producer Sajid Nadiadwala’s estimated ₹91 crore loss due to the piracy of the film ‘Sikandar.’ Current standard insurance policies cover production and liability risks but typically exclude losses from unauthorized copying and distribution. Despite rising interest, insurers are hesitant to underwrite these risks due to challenges in quantifying piracy losses. Industry experts suggest explicit anti-piracy clauses within film distribution insurance contracts to mitigate risks effectively. The Media Partners Asia report indicates potential revenue losses in India’s digital video industry could reach $2.4 billion by 2029 if piracy persists. While some industry stakeholders advocate for stronger legal frameworks over insurance solutions, the need for effective piracy coverage remains a pressing issue.
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