"Hollywood"Issue 02-13-17 |
Despite import quotas and limits on their share of receipts, China has become an important market for U.S. films, with 19 percent of global box-office sales. The Chinese film market has also been growing rapidly while the U.S. market has been nearly flat. Five years ago, China’s Xi Jinping promised to negotiate easing the film import restrictions during 2017, which temporarily settled a WTO case the US brought against China. Now Hollywood is concerned that the new administration’s harder line with China might jeopardize their interests.