China lifted monopoly on movie imports
In China, the long-standing monopoly of the state organization China Film Group on the import and distribution of foreign movies has been destroyed. According to The Hollywood Reporter, the government has issued a second license to carry out this activity to a state-controlled company China National Culture & Art Corporation. Recall that in 2012 the quota for foreign movie projects was increased to 34 pieces per year. At the end of 2013, it was announced that this number could grow in the near future. The Chinese movie market is the second in terms of box office receipts after the North American one and the first in terms of growth. In 2013, the national box office in China exceeded $ 3 billion for the first time.
The Topic of Article: China lifted monopoly on movie imports. |
