Magazine article Screen International

MPAA Chief: Foreign Investors in US Not 'Evil'

Magazine article Screen International

MPAA Chief: Foreign Investors in US Not 'Evil'

Article excerpt

Motion Picture Association Of America (MPAA) chairman and CEO Senator Chris Dodd on Wednesday warned against negative portrayals of China and other countries that invest in the US.

Speaking during a conference call with reporters as he introduced the Theatrical Market Statistics 2016 report, Senator Dodd appealed for a calmer viewpoint.

"Historically we welcome foreign investment in the US," Hollywood's top lobbyist said, adding: "We have benefited from it over the years with sovereign investment funds.

"We have to be careful of branding nation states that want to come and invest as being evil... we need to keep this in perspective."

His remarks arose after several questions on China – none of which expressly addressed the spate of investments in Hollywood by Chinese giants like Dalian Wanda – that also touched on restrictions on Chinese capital leaving China, and the upcoming trade talks on quotas. …

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