A 2nd Film Distribution License In China? Not So Fast As Watchdog Denies Knowledge

Last week, an event was held in Hong Kong where, among other things, it was said that a second distribution license to import and release movies in China is being issued to the China National Culture & Art Corporation (CNCAC). Such a license could spell the demise of China Film Group‘s exclusive grip on Mainland revenue-share releasing — and create another potential partner for Hollywood. While there has been talk that a new government-approved distributor could emerge, a number of China-watchers have remained cautious on the timing, and just who the involved parties would be. One told me recently, “Many believe they can in due course obtain a second license.” Now, reported comments from an official at the Chinese state watchdog, and the revision of an announcement by Hong Kong-based China Railsmedia, which held the press conference and has business connections with the CNCAC, seem to confuse things even further. (more…)

This article was printed from https://deadline.com/2014/04/a-2nd-film-distribution-license-in-china-not-so-fast-as-watchdog-denies-knowledge-708275/