Magazine article Screen International

Chinese State Media Says Film Quota May Expand

Magazine article Screen International

Chinese State Media Says Film Quota May Expand

Article excerpt

China may expand the annual quota for imported films, as well as increase the revenue share available to foreign companies, according to an article in Chinese state media.

China's Global Times, published by Chinese Communist Party (CCP) mouthpiece, the People's Daily, quoted film industry analyst Chen Changye predicting that more than a dozen films will be added to the existing annual quota of 34 revenue-sharing titles, with no quota being specifically assigned to 3D films.

A second analyst, Huang Guofeng, was quoted saying that the share of revenues flowing to US distributors would rise from the current 25% to almost 40%.

"It is the right time for both nations to return to the negotiation table and open China's door wider," said Chen in the Global Times story.

"US film producers are currently keen on exploring China's huge box office bonanza, which has become the world's second-largest movie market. On the other hand, domestic movies have grown and claimed their stakes in the market in recent years. …

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