Someone needed an academic study to figure that out?
Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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No, but you need an academic study to even get your foot in the door with these fucking CEOs and their decisions based on "feels."
Academic study with evidence is about the only way you can even get them to fucking listen, and even then, it's a crapshoot.
Research like this isn't aimed at us, it's aimed at these fucking dipshit executives who don't give a damn anyway.
They literally own media companies, so you have to fight their bullshit with actual data proving them wrong. Even then, it's an uphill battle, because, once again, they literally own media companies and push their narrative as "truth." Most of them couldn't give a flying fuck about evidence. Research and evidence in the public sphere is literally the only way to fight them and their lies.
Source: Oil companies knew about Climate Change as far back as the 1970's, and instead of acting, they spent a shitload of money to cover it up so it wouldn't hurt their business model. We did tons of research to fight those dickweeds, too, and we still haven't won that argument.
2nd Source: RIAA wanted to sue Limewire for more money than existed in the global monetary system at the time. How do you even get so unhinged that you think it's rational to sue for more money than there is money that exists. Research and evidence is the only fight for this bullshit feels-based business management.
https://www.pcworld.com/article/496050/riaa_thinks_limewire_owes_75_trillion_in_damages.html
They still won't listen; they want an excuse to raise subscription costs again while using it as a means of lobbying Congress to pass bills that favor them...
The single reason I bought a Steam Deck instead of a console was because it would let me pirate games. And now I have more than 50 games on my Steam account. I still pirate games but there are games that are reasonably priced and not made by a multi-billion dollar company and I just buy them.