President Donald Trump is crafting a way to combat intellectual property theft by China and protect U.S. shows such as HBO’s “Game of Thrones” from being pirated online.
The HBO hit series has taken the crown as the most pirated TV show on the internet for the sixth year in a row. According to the Motion Picture Association of America, 90% of the viewership of U.S. movies in China is illegal.
“Everybody is in agreement, both parties, the EU, that something has to be done about this piracy from China,” Horizon Investments Chief Global Strategist Greg Valliere told FOX Business’ Liz Claman.
The National Bureau of Asian Research puts the cost of Chinese intellectual property theft to the U.S. economy as high as $600 billion annually.
One entertainment industry insider says Chinese theft of U.S. entertainment properties must be stopped.