Open and free file formats are something that's sourly missing on our digital lives. Most of the file formats used on the most popular software are neither free nor open, which ties the fate of our file to the fate of whoever owns the format used to format our files.
There is no underestimating the dangers of depending on closed non-free file formats, since using we depend on what the owners of the format gives to us and it's continued existence. If the owner of the format goes down, and no one else picks it up, unless people can change the format of their files to another they will those all the data stored using that format.
Not only that, closed non-free formats are an effective tool to lock people to a particular software, and also to regulate what content users can have. In effect, it's a way to take away control of their files from the users.
Open and free file format are just the opposite, they give the user the real choice of software to use. Users can rest assured that their files will work independently of the software used to open and work their files. It also benefits developers, since they can focus on working on their software knowing that it'll work for the task they intended it for.
Making all file formats open and free, we can create a more level playing feel for content creators to work on. It also gives the users a greater choice at what content they want, and how to consume it.
Unlike many people want us to believe, having free and open file formats will not bring modern society down or lead to general piracy. Modern society will more likely benefit a lot from free and open file formats, since more people will be able to share the content they created with a wider audience. Creators will only have to make one finished work, and then make it available far and wide knowing full well people will have to problem consuming their content.
On the piracy side, it won't lead to an increase of it. It won't eliminate it either, yet it'll facilitate people to legally get the content they want a with more ease. The incentives to do piracy will be a lot fewer, which it affect will help to reduce piracy.
Free and open file formats are beneficial for everyone. To developers, it means that they only have to worry to make their software work. To users, it means regaining control over the files they have on their computers.