[yumraj]

Yes, it does. IP has value.

You create IP to generate value from it. When someone steals IP you lose value that you should have derived from it.

Theft is theft, whether of IP or otherwise. And a thief is a thief, whether of tangible product or IP.

[throwaway4799]

You're literally wrong. Intellectual property can't be stolen by definition. You're probably referring to copyright infringement which is a completely different thing from theft, whose application is completely different from country to country and is not sentenced the same way.

[code_duck]

The key word is ‘entirely’.

One may derive benefits from creating something that does not depend on monopolizing it.