How is it ignorant? The fact is stuff is overpriced. A film that costs £10,000 to make will cost the same to buy on a bluray as a film that cost £100,000,000.
If a company wants to make a good profit, then don't pay your actors tens of millions of dollars per movie and then sting the end consumer to get it back.
Cinemas are ludicrously overpriced, which is why I'll probably see one movie a year if that, only something that I am really interested in.
The UK comes under Europe (not for much longer, joining the EU was the biggest mistake in British history), but we do not use the same currency or have anywhere near the same tax rates, assuming so would also be ignorant.
What are you gonna make with a $10k budget? Youtube movies? Eraserhead, an indie movie from 1977 had a $20k out of pocket budget. I don't really think it's possible to make a movie with $10k budget that will actually be made into a DVD that can turn to profit, unless it was a huge box-office/sleeper hit (very hard even for higher budget films), has a cult following or unless the producer was friends with the licensing company and made them have DVDs (lol).
Also the DVDs prices drops soon if you wait a bit. Harry Potter 7 pt2 DVDs are like $15 right now, and Batman movies are like 7-10 bucks... unlike games which are like $30-40 bucks after 2-3 years, movies drop in prices by tons.
And you could say I'm ignorant, I've never visited UK or anywhere near Europe, and personally I don't think I could really care if I don't have any plans to even visit there soon; but what does piracy have to do with paying taxes, anyways?