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The issue is that DRM DOES NOT protect IP of an author. Far from it, as it is removed as soon as the ebook is available for sale.
It does not matter diddly squat if a buyer removes the DRM to format shift, for long term storage or it is removed by a file sharer. IT IS removed!
DRM is the agency publishers security blanket. While they cuddle it, they can ignore the reality of the outside world. Ask Hatchette.
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