More Chinese film companies tap into Hollywood
Updated: 2015-03-19 13:37
More Chinese film companies are making further inroads into the international market.
Bona Film Group, another giant film company in China, also announced to team with Studio 9 and Tristar to co-produce Oscar-winning director Ang Lee's upcoming film Billy Lynn's Long Halftime Walk.
LeVision Pictures, the film production branch of video streaming site LeTV, established a $200 million fund as part of a new Los Angeles-based subsidiary in October, 2014.
According to film market analyst Liang Yong, China's outbound capital flow is helping the export of Chinese films.
"To Hollywood, the most valuable asset in China is its film market and capital, especially its production companies. To export Chinese films, we can start by investing capital outbound and cooperate on filming foreign-language films. In order to bring Chinese films onto the bigger stage, we should learn more from filmmakers in Hollywood," said Liang.
For a just-blooming film market like China, there is a long and arduous road ahead.
"We sent our actors out to act in foreign films in the past, but with enough capital, we can join others in actually producing the stories. More collaboration between Chinese film companies with their counterparts abroad means better opportunities to export Chinese films," Liang added.
Chen Shaofeng, vice dean of Institute of Cultural Industries at Peking University, agreed that joining hands with Hollywood may help strengthen influences of Chinese film and Chinese film companies worldwide.
"In particular, in strengthening cooperation with Hollywood, we can draw from their contents and business models to gradually push forward globalization of domestic films," said Chen.
Huayi Brothers clinches US films deal
Firms see Hollywood bright lights
Hollywood's return to the top spot 2015-03-19 08:24
Chinese directors voting on domestic film awards 2015-03-19 08:24
Lost and Love: Heart-wrenching tale of child trafficking 2015-03-19 07:24
Encyclopedic film buff Li dies at 84 2015-03-18 15:30
Nominations for China Film Directors Guild Award in 2014 released 2015-03-18 15:18
Today's Top News
Manhunt launched for accomplices in Tunisian museum attack
Chanel to reduce prices in China
Russian FM slams Kiev for turning Minsk agreements 'upside down'
European chamber calls on China to boost reforms
Chinese firm takes stake in French airport
Putin slams attempts to rewrite WWII history
EU police group launches team to tackle migrant smugglers
Britain needs oil tax cuts to attract North Sea investment
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Annual legislative and political advisory sessions
Festival Special: Apps that make holiday shopping easier
Listed firms caught in anti-corruption net
Conca set to return to China
CES: Spotlight on Chinese gadgets
Yearender: What happened around the globe in 2014