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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