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Hollywood Robbery

Thursday, 23 Aug 2012 | 12:00 AM ET

One of the world's most powerful media capitals is now a mecca for media piracy. On the streets of down down L.A., $5 will get you the latest platinum record, or blockbuster movie. Sometimes even before they're officially released worldwide, the music industry loses $1.6 billion a year to street-level bootlegging operations.