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Variety - Hollywood Hopes For Juicier 2013 From Chinese Box Office

Tuesday, December 17, 2013   (0 Comments)
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From Variety:

The good news for the Hollywood distributors at CineAsia was that many reported 2013 remittances from earnings — worth 25% of gross revenues since the 2012 agreement — are now flowing. Earlier this year there was a major hiatus as China Film Group sought to pass on a luxury tax to studios and withheld Hollywood’s rentals for several months.

Off the record, the studios’ old hands would quietly say that the expanded quota did not change as much as the headlines might suggest. "Perhaps it went from 25 films really, to 34, but we all know that it could be more, and it could be less,” said one veteran.

- Read the full article at Variety.com


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