REPORT: OBAMA LETTER HELPED OPEN CHINA TO HOLLYWOOD

In late December, President Obama wrote a personal letter to Chinese president Hu Jintao urging the Chinese leader to make good on repeated promises to allow more foreign films to be shown in the country and to increase the percentage of box-office revenue that foreign producers may receive, according to the Hollywood Reporter, which cited […]

CHINA INSTITUTES NEW OPEN-DOOR POLICY TOWARDS HOLLYWOOD

The visit of Chinese Vice President Xi Jinping to the U.S. ended on Friday with the surprise announcement that China would ease its restrictions on the number of foreign movies that it permits to be screened in the country and will raise the amount of ticket revenue that studios can receive. The deal raises to […]