$74 billion is the total revenue that is generated from pirated games content.

However it's estimated that only around 5% of that revenue would actually go to the game industry should piracy not exist.

You get what I'm saying?

It's exagerrated in the sense that it does try and make it look like $160b industry as you say, but it's not exagerrated in the $74b number being the revenue that could be generated from all pirated game downloads. 

I guess. It's just really weird how hard you defend it. We'll never have any actual evidence on how much it actually impacts the industry, so I'm not sure what available facts you're talking about.

I'm sorry but that's sort of bad reporting, equating every pirated copy with a lost sale. It shows some very naive thinking in my opinion.

Is piracy a problem? Yes. Does it make exaggerating right? No, of course not.

People still use TPB? Kickass and Extratorrent are much better, and of course private sites are a must if you seek quality.

Another winner from piracy are ISPs, they make good money from all the people choosing more expensive, faster packages, retailers sell truckloads of harddrives and USB sticks etc. 

Once again, I don't defend it. Defending it implies I'm okay with it. All I support when it comes to piracy is understanding what it is, as well as the fact that we can't measure the impact of it. That's it. I have to put it into a lot of words in a lot of different ways to appease some people, sure, but, once again, I have never actually tried to justify piracy or defend those that turn to it. Understanding is worlds apart from supporting.

Without piracy, console gaming would've died at the PS2 in South America. I guarantee that. Nowadays, pirating games has become more difficult (or less practiced), so it's a good thing piracy existed. Gaming was expensive and "bad" for your kid... But you can get cheap games this way; that introduced TONS of kids to gaming. And as they grew, they kept gaming, and once piracy became harder or whatever happened to it, they started buying legitimate games. At least all of my friends had a PS3, none pirated it (now only one has a PS4, but that's another story), which is weird because everyone that had a PS2 only bought pirated games.

Just something I thought of sharing. Sure, gaming in SA should die soon enough (I'll give it 7 years), but pirate games are better than no games if you ask me.

Edit: Forgot to mention. I mean console gaming.

If video games cost between 5-10 there would be less piracy. I don't pirate games $10 or less on steam. Over that it's either going to be pirating or buying cheap keys. There are often several games per month you want to play - if your disposable income doesn't allow you to play them, well you have no choice but to pirate.

Although low cost is nice, you have to recognize that development costs have only gone up for those big games that everybody wants and expects. Game prices are still actually lower than they were back in the days of the SNES and such, even if you completely ignore inflation. As I've said before though, your financial situation does not justify piracy. Entertainment is, using the more common definition, a luxury. You do not need to play these games like you need to eat, drink, and have adequate shelter. You are not entitled to be able to play these games. Entertainment exists for those that can afford it. That is the nature of the entertainment industry as a whole, and it always has been.

They should consider themselves lucky they got $83B in revenue. This is a masssive industry and is still growing. They need to shut up and get back to making games.

Movie have bigger budgets yet costs less than games. I also don't believe that anything digital should be a luxury - I think people deserve to have whatever it is they can get without causing direct harm to another person. If you can't afford to buy a game, you should still be entitled to experiencing that. Life is too short.