At over $1 billion, so-called pirate subscription Internet Protocol Television (PS IPTV) services represent a large - and lucrative - illicit U.S. industry.
This report brings into focus lesser known aspects of the pirate subscription IPTV ecosystem, examining infrastructure, supply chain, revenues and profit margins, as well as ad-financed pirate IPTV service business models.
It also raises alarms about how piracy poses personal and financial risks to consumers, from malware spread through pirate apps to distribution of unlawful content that may put viewers at risk, such as terrorist channels that are banned from being broadcast in the United States.