Hollywood film studios have pretty much failed to overcome piracy in China, missing out on hundreds of millions in sales as pirates sell copies of brand new films on DVD or online. Some of the bigger studios are now working with Tencent, one of China’s largest internet groups, on a Netflix-style streaming service that aims to beat piracy by delivering new films to homes across China just two weeks after their US release in theaters.
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Hollywood film studios have pretty much failed to overcome piracy in China, missing out on hundreds of millions in sales as pirates sell copies of brand new films on DVD or online. Some of the bigger studios are now working with Tencent, one of China’s largest internet groups, on a Netflix-style streaming service that aims to beat piracy by delivering new films to homes across China just two weeks after their US release in theaters.
