Warner Bros. to sell discounted DVDs in China; piracy remains major trade issue

To stem its piracy losses, Time Warner Inc.'s Warner Bros. Entertainment will release more than 125 movies on DVD in China at discounted prices, the Wall Street Journal reported. Meanwhile, a new economic report released by the Bush Administration cited a study that found that IP protection in large developing countries could increase their imports by almost 10%. US music, movie and software industries say piracy has cost them at least $2.5bn in 2004. The IP industry has pressured the Administration to take legal action against China at the WTO.
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