Superpower Cold War To Have Chilling Effect on China-U.S. Entertainment Business

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The East-West tussle between efficient authoritarianism and the wealthy but decaying democratic-capitalist model has seen blood spilled daily on the streets of Hong Kong — even more so now that cor…

are only the tip of the iceberg; a recent tit-for-tat expulsion of journalists; a threat to bar Chinese companies with different auditing standards from U.S. stock exchanges; and a Phase One trade deal that looks destined never to be followed by a Phase Two.

“It’s too soon to say if it’s because of political problems, or just the trend that’s been going for the last couple of years. For a lot of reasons, it’s become more difficult to shoot in China: the economics, the censorship, the disengagement between the two industries,” Shershow adds. The growing ice wall has the potential to freeze entertainment relations as they currently stand or, worse, to split the entertainment industry apart.After two years of negotiations and an agreement in sight, the bilateral U.S.-China Film Agreement got caught up in the 2018-19 trade war. The deal on the table is understood to significantly increase Hollywood studios’ share of China box office takings.

But even if an outright split can be avoided, the fractures caused by the Chinese glacier rubbing up against an American rock may give rise to some unexpected consequences.

Source: News Formal (newsformal.com)

 

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Cold War? Wait are we having Cold War II? If so, that is awesome.

This is a disappointing development. Recent Asian American films have added so much to the tapestry of cinema. 'Searching' and 'Columbus' are standouts to me.

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