Hollywood's China dreams get tangled in trade talks [Reuters]
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Source: Reuters
Hollywood's China dreams get tangled in trade talks | Reuters 5 Min Read BEIJING, May 20 (Reuters) - Hollywood’s push for greater access to China’s booming film market - delayed since last year - has become tangled in broader trade talks between Washington and Beijing, a potentially thorny position amid whipsawing trade relations. Negotiations to raise a Chinese quota on imported films and boost the share that overseas producers get of box office takings are now being discussed within the broader framework of a U.S.-China trade stand-off, four industry sources said. The shift from earlier talks is a double-edged sword for U.S. producers looking at China’s $8.6 billion cinema market. It could be bad news if broader talks go sour, but it could offer a potential path forward if the two countries find common ground. “It wouldn’t really hit the domestic movie business much whether we bring in more foreign movies or not,” said Yu Jianhong, vice president of Beijing Film Academy. “This shoul
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