Global Showbiz Briefs: China Rebates, Bona Film, Screen Australia Docs & More

China Theaters Offered Rebates To Boost Local Film Market Share
Worried about competition from U.S. and other foreign titles, China’s movie industry regulators have created financial incentives for any theater chain that takes in at least 50% of its annual box-office revenue from Chinese films. Tian Jin, deputy director of China’s State Administration of Radio, Film and Television, complained recently that the market share of Chinese films in China had dropped to 41.4%. The incentive will be in the form of a rebate of the fees — 5% of all ticket sales — that theater owners pay to the National Film Development Funds Management Committee. If half of a theater owner’s revenue comes from domestic films, the entire fee is refunded. If 45% of sales come from Chinese films, 80% of the fee is returned. If the percentage falls below 45% but exceeds the domestic market share in the previous year, the rebate is 50% of the fee. (more…)

This article was printed from https://deadline.com/2012/11/global-showbiz-briefs-china-rebates-bona-film-screen-australia-docs-more-379787/