Time Warner To Speed DVD Releases In China (To Combat Piracy)

“Time Warner is betting quicker releases and prices as low as 15 yuan ($1.89) for movies such as ‘The Aviator’ will lure Chinese consumers away from illegal copies. The company is trying to recoup some of the $1.2 billion the Motion Picture Association estimates the world’s six biggest studios, including Time Warner and Walt Disney Co., lose in Asia a year because of pirated DVDs.”

Source: Bloomberg.com - 09/21/06