“It is like an awful car crash. You know you shouldn’t look. But at the same time you can’t turn away,” said one senior China film executive of the financial woes that have wrecked the summer of Wanda, Fosun, LeEco, and other previously high-flying Chinese conglomerates. Yet, for those who continue to look on at the aftermath of the summer smash-up, two trends emerge.
First, that political risk should be moved far higher up the agenda in any Sino-international dealing. Second, that China is now a major player that has enough momentum and scale to affect global industry. However alien its rules and methods are to Wall Street and Burbank, or how tricky its is to read the political tea leaves, China counts for too much to be ignored — as a current smash of the other kind demonstrates.
Global box office in the first three weeks of August was dominated by “Wolf Warriors II,” a »
- Patrick Frater
Similar News ItemsParamount Pictures [us]
- George Clooney’s Suburbicon gets a new poster (From Flickeringmyth. 18 August 2017, 11:40 PM, PDT)
- Samuel L. Jackson, Jessie T. Usher to Star in ‘Shaft’ Sequel (From Variety - Film News. 18 August 2017, 10:33 AM, PDT)
- Court orders Telstra and other internet service providers to block piracy sites (From The Guardian - Film News. 18 August 2017, 2:48 AM, PDT)
Dick Clark (I)
- Debbie Gibson Shares 30 Fun Facts About Herself to Celebrate the 30th Anniversary of Out of the Blue (From PEOPLE.com. 18 August 2017, 2:21 PM, PDT)
- Bad Girls Of "Batman" And Legendary Movie Poster Artist Robert Tanenbaum To Appear At Los Angeles Comic Book And Science Fiction Con (From CinemaRetro. 12 August 2017, 7:01 PM, PDT)
- Ryan Seacrest Productions Sets Scripted Development Deal With ABC Studios (From Variety - TV News. 10 August 2017, 2:30 PM, PDT)
- Coco Austin Takes Daughter Chanel to Disneyland for the First Time -- See the Adorable Pics! (From Entertainment Tonight. 17 August 2017, 5:34 PM, PDT)
- Indiana Jones Land Coming to Disney World Next? (From MovieWeb. 16 August 2017, 5:41 PM, PDT)
- Watch: Céline Dion Is Living Her Best Life at Son René-Charles' Hockey Game (From PEOPLE.com. 15 August 2017, 2:35 PM, PDT)