The first rule of China is you don’t talk about China. Unless, of course, you live in Hollywood, in which case all you do is talk about China as execs find themselves in the midst of a historic shift in the global balance of power.
After more than a century, the studios are no longer the senior partner at the table, able to dictate terms at will, at least with respect to what will soon be the world’s largest single theatrical market. China’s box office, which annually grows at a rate of about 30%, is expected to border on $5B this year as local and Hollywood films share (government regulated) space on 18,000+ screens across a country of 1.3 billion people. The Middle Kingdom box office growth is even more profound when compared to the relatively static movement in the North American market. It is unprecedented for studio execs to...
After more than a century, the studios are no longer the senior partner at the table, able to dictate terms at will, at least with respect to what will soon be the world’s largest single theatrical market. China’s box office, which annually grows at a rate of about 30%, is expected to border on $5B this year as local and Hollywood films share (government regulated) space on 18,000+ screens across a country of 1.3 billion people. The Middle Kingdom box office growth is even more profound when compared to the relatively static movement in the North American market. It is unprecedented for studio execs to...
- 11/28/2014
- by Ali Jaafar and Nancy Tartaglione
- Deadline
Speakers at the Summit included Us Assistant Secretary of State for Economic and Business Affairs Charles Rivkin [pictured].
The ups and downs of cross-border film finance and production was the central theme at the Fifth Annual Us-China Film Summit in downtown Los Angeles on Wednesday (Nov 5).
Us Assistant Secretary of State for Economic and Business Affairs Charles Rivkin said at the event that co-operation between the Us and Chinese film industries “can be an economic force for good, bringing prosperity and growth to both sides of the Pacific.”
“America and China each have the chance to maximise those benefits,” said Rivkin, a former CEO of the Jim Henson Company, “if we can both operate with the certainty and security that comes from strong enforcement of intellectual property rights and protection of investor interests.”
Referring to talks at the Asia Pacific Economic Cooperation trade forum that began this week in Beijing, Rivkin stressed the “importance of completing our negotiations...
The ups and downs of cross-border film finance and production was the central theme at the Fifth Annual Us-China Film Summit in downtown Los Angeles on Wednesday (Nov 5).
Us Assistant Secretary of State for Economic and Business Affairs Charles Rivkin said at the event that co-operation between the Us and Chinese film industries “can be an economic force for good, bringing prosperity and growth to both sides of the Pacific.”
“America and China each have the chance to maximise those benefits,” said Rivkin, a former CEO of the Jim Henson Company, “if we can both operate with the certainty and security that comes from strong enforcement of intellectual property rights and protection of investor interests.”
Referring to talks at the Asia Pacific Economic Cooperation trade forum that began this week in Beijing, Rivkin stressed the “importance of completing our negotiations...
- 11/6/2014
- ScreenDaily
Chinese conglomerate Fosun Group is acquiring an additional 13.3% stake in Bona Film Group, while 21st Century Fox is divesting its stake in the Beijing-based studio.
Following the transaction with Fosun, the Shanghai-based, Hong Kong-listed investment group will hold a 20.8% stake in Bona Film Group. Fosun is also expected to be a lead investor in Jeff Robinov’s new Sony-based venture Studio 8.
Meanwhile, Bona’s founder and chairman Yu Dong has reached an agreement with 21st Century Fox to acquire its entire 19.3% interest in Bona Film Group for $71.4m. An affiliate of Fox acquired the ownership interest in Bona in May 2012.
The sale has no effect on the five film co-production pact between Fox and Bona, which is kicking off with a Chinese-language remake of Bride Wars, which started shooting in June.
“We remain committed to our current co-productions with Bona as well as to exploring future collaboration with them and others in the exciting and rapidly...
Following the transaction with Fosun, the Shanghai-based, Hong Kong-listed investment group will hold a 20.8% stake in Bona Film Group. Fosun is also expected to be a lead investor in Jeff Robinov’s new Sony-based venture Studio 8.
Meanwhile, Bona’s founder and chairman Yu Dong has reached an agreement with 21st Century Fox to acquire its entire 19.3% interest in Bona Film Group for $71.4m. An affiliate of Fox acquired the ownership interest in Bona in May 2012.
The sale has no effect on the five film co-production pact between Fox and Bona, which is kicking off with a Chinese-language remake of Bride Wars, which started shooting in June.
“We remain committed to our current co-productions with Bona as well as to exploring future collaboration with them and others in the exciting and rapidly...
- 7/14/2014
- by lizshackleton@gmail.com (Liz Shackleton)
- ScreenDaily
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