SHANGHAI — Three U.S. films — “Furious 7,” “Avengers: Age of Ultron” and “Jurassic World” — have sold almost $750 million in tickets in Chinese theaters since April. Even a year ago, that kind of box-office performance from Hollywood movies would have prompted a bout of hand-wringing among Chinese movie executives, anxious about how foreign titles were leaving little space for homegrown films. But at the Shanghai International Film Festival this week, there’s been a noticeable air of self-assurance among Chinese entertainment chiefs and the senior honchos of Internet companies like Alibaba that are rapidly piling into the movie, TV and streaming business. The buoyant mood seems attributable to several factors, including surging box-office receipts for not just foreign but also domestic films.Read more on NewsOK.com
Watch Out, Hollywood: Chinese Entertainment, Tech Execs Grow More Confident
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Thu, 06/18/2015 - 1:21pm
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