China’s Evolving Interest in Hollywood

• China’s Colonization of Hollywood (via Fast Company)
• The Chinese Film Industry Is Ready for its Close-Up

“The strategy for China’s film industry is to go abroad. It is a goal for the future and matches China’s fast development,” says Yimou.

• Chinese Bidding for MGM (via China[dot]org[dot]cn)

Once a studio giant in recent years MGM suffered a series of financial reversals and earlier this month filed for bankrupt-cy. The Chinese company, reported to be the Shanghai Film Group, is said to be preparing a bid to acquire most of MGM’s equity in exchange for assuming its massive debt of roughly $4 billion.

• Inception Grips China: Hollywood is Bigger Than Ever at the Chinese Box Office (via Time)
• China’s Hollywood Affair (Hindustan Times)

“I run into Hollywood executives here every week,” said Jonathan Landreth, the Beijing-based correspondent for the Hollywood Reporter.

JNOMICS