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Is China's Film Industry Hollywood's Cash Cow or a Bubble on the Brink of Bursting?
Article

Is China's Film Industry Hollywood's Cash Cow or a Bubble on the Brink of Bursting?

36Kr, 2017

автоматическое преобразование текста в аудио
автоматическое преобразование текста в аудио

Editorial Rating

8

Qualities

  • Innovative
  • Applicable
  • Overview

Recommendation

With compelling analogies, entertainment writers Miao Dingchun and Han Honggang of Chinese tech media website 36Kr.com lay out the workings behind the creation and bursting of China’s film industry bubble from 2015 to 2016. They explain what role the nouveau riche played in inflating the industry, how investors and producers joined hands to make fast money at the expense of movie quality, and where the industry needs to go from here. getAbstract recommends this article to economists and global investors, as well as movie industry workers and enthusiasts.

Take-Aways

  • In 2015, China’s film industry saw 44 billion yuan ($6.36 billion) in ticket revenues, an increase of nearly 50% from the previous year.
  • As the economy slowed in late 2015, investors poured money into the still rapidly growing movie industry.
  • Producers found investors who were willing to buy into inferior films and who managed to develop financial products that produced fast profits regardless of a film’s quality.

About the Authors

Miao Dingchun and Han Honggang are staff writer for 36Kr.com, a leading tech media website in China that provides reports on businesses and startups. Theyfocus on entertainment and culture.


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