SHUZI'S TIP OF THE DAY
IN THE NEWS
China Approves Privately Financed TV & Film Production Company
According to Pacific Epoch...
The State Administration of Radio Film and Television (SARFT) has approved the launch of China’s first privately financed TV and film production company, China Business News reports. According to Oriental Legend International Media general manager Yuan Xiaobo, the new company, Beijing Oriental Legend International Media, was established by Beijing Enlight Media, Beijing Fu Yuan Shi Xian, Beijing Jin Tian Di and several other companies. The company has 50 million Yuan in registered capital. Yuan said that Oriental Legend International Media has received a license to produce TV series from SARFT and is currently negotiating with Sony and China Film Corporation to set up a movie production joint venture.
Posted By: AH •
Thursday 3.10.05 •
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Category: Electric Shadow
SHUZI'S TIP OF THE DAY
IN THE NEWS
Chinese Films
Since its most glorious moments in the late 1970s, the Chinese film market has experienced a long-lasting downfall. As noted in China Daily, this is partly due to the pervasive availability of bootlegged video products, and more importantly, the old film production and distribution system that is falling behind the fast growing needs in the market for higher quality and a wider variety of films. This situation started to change with new policies implemented since late 2003 that allow further flexibility for domestic production companies and distributors, as well as greater access to the Chinese film industry for foreign investors.
Posted By: James Li •
Monday 3.07.05 •
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Category: Electric Shadow
