"The Pirate Bay, which grew into an international phenomenon after it was founded in Sweden in 2003, allows users to dodge copyright fees and share music, film and other files using bit torrent technology, or peer-to-peer links offered on the site – resulting in huge losses for music and movie makers."

I have seen no credible evidence that file-sharing causes losses to music and movie makers. In any independent studies I've seen it in inconclusive and some of them suggest that file-sharing actually boosts sales by providing a fremium model / free advertising / word of mouth transmission etc.

Also many other things are shared via the pirate bay other than copyrighted films and whatnot.