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Warner Home Vid on its way out of Korea


November 13, 2008 Warners is withdrawing from the local video and DVD market as of next month, the company announced Monday. Warner Home Video Korea was the last surviving studio out of six Hollywood majors in the Korean home entertainment unit. The total DVD sales and rentals in Korea are less than 10% of theater revenue, which is a major sign of a distorted market compared to elsewhere.

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