Warner Brothers to close home video business in South Korea
Hollywood studio Warner Brothers will end its home video and DVD business in South Korea at the end of the year due to rampant piracy, a report said Monday.
"One of the reasons for the pullout is a slump in the video and DVD market, resulting from online piracy and illegal downloading," an official at Warner Brothers Home Video Korea told Yonhap news agency.
The US producer of film and television entertainment will instead focus on its digital distribution 'pre-DVD' business, the official said.
It is the last remaining Hollywood company to withdraw its home entertainment business from South Korea.
In October the studio announced plans to become the first in Hollywood to make movies available through video-on-demand in South Korea, two weeks before DVD releases.
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