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Cinemas are popping up in
malls like these all over China, and that’s because the movie
industry here is booming. Hollywood’s ticket sales are slowing at home, thanks
to piracy and streaming services like Netflix and Hulu. But China’s growing appetite for the movies
is helping to make up the difference. With a massive population of nearly 1.4 billion
people, China is the world’s most populous country and has become a lucrative
market for many industries. And in the first quarter of 2018, it surpassed
the U.S. in box office revenue for the first time. So, perhaps it’s no wonder why Hollywood
is now catering to a whole new audience. China’s box office cashed
in $9 billion in 2018, just behind the U.S. and Canada, which
brought in a total of $11.9 billion in 2018. In 2017, China, which was building
around 25 cinema screens a day, surpassed the U.S. in
number of total screens. And in 2018, more than 9,000 screens were
added across China, taking its total tally to more than 60,000 screens, compared
to the about 40,000 screens in the U.S. Those astronomical numbers mean China is
now on the mind of producers and writers alike. You have to be very careful before you shoot a
script knowing how big the Chinese market is, to make sure that
you get China right. Stanley Rosen is a professor of political
science at the University of Southern California. It’s not easy to find things. Has anyone ever made the Kindle
joke in here? Time to get a Kindle? A Kindle, well, I’ve come
close to getting a Kindle. As much as 70% or more of a blockbuster
film’s box office comes from overseas, not from North America and China is a big part of that.
You’ve really have to get the China portion right. Under an official government quota, China only
allows 38 foreign films into the cinemas each year, that’s to preserve its cultural
and financial interests. But in recent years, that
number has quietly grown. In 2017, China imported 40 films
and in 2018, it rose to 42. But that’s still a small fraction of the hundreds of
movies released in the U.S. and Canada every year. The trend in box office sales has prompted Hollywood
to now seriously consider the Chinese audience. In some cases, casting specific actors,
and even re-writing movie scripts. In Tom Cruise’s Top Gun sequel, the Japanese and Taiwanese flags were
allegedly removed to appease China. And if you watched Bohemian Rhapsody in China,
well, the movie was about 3 minutes shorter after references to Freddie Mercury’s sexuality
were removed from the original release. Meanwhile, China halted the release of Quentin
Tarantino’s “Once Upon A Time in Hollywood” after Bruce Lee’s daughter reportedly complained
to China’s National Film Administration about the film’s unflattering
portrayal of her father. It’s not just foreign
films getting censored. In 2019, China blocked domestic films The
Eight Hundred and The Hidden Sword, blaming technical
and market reasons. Experts, meanwhile, say they were censored
because of political sensitivities in the lead up to the 70th anniversary of the founding
of the People’s Republic of China. But, naturally, China wants its own films
to win the box office, both for financial reasons and
as a matter of national pride. And that’s why it’s building
its own studios. In 2018, Dalian Wanda Group opened
the world’s biggest movie studio, which was touted as
China’s answer to Hollywood. That same company bought iconic
American cinema giant, AMC. It was founded in 1920
in Kansas City, Missouri and in 2012, Dalian Wanda Group paid
$2.6 billion to acquire the company. The acquisition would make AMC the
largest movie theater chain in the world. It later sold part of its stake
due to mounting debts. Hollywood wants two
things from China. They want the film market in China
and they want Chinese money. But Chinese money is now
drying up compared to the past, but the film market is still
there, and that hasn’t changed. And so, now you’re seeing more either
co-productions or assisted productions. Just take a look at this. Between 1997 to 2013, China helped
finance a mere dozen Hollywood movies of the annual top hundred highest-
grossing films worldwide. But within the next five years, China co-
financed a staggering 41 Hollywood films. For example, Alibaba invested and promoted
Paramount Picture’s Mission Impossible films Fallout and Rogue Nation, while China’s Bona Film
group funded “Once Upon a Time in Hollywood,” despite never making
it to Chinese screens. China wants to be the largest film market
in the world as quickly as possible. And Hollywood is absolutely
essential to that. You see, while Chinese investment has made its mark
on Hollywood, the domestic film industry is struggling. After a decade of rapid growth, the Chinese
government’s crackdown on tax evasion means that movie producers are struggling
to get the funding they used to. Profits at all but three of the China’s 15 listed
TV and movie companies fell in 2018. And even China’s best paid actress
Fan Bingbing mysteriously disappeared from the public
eye for three months. When she appeared again, she
promised to pay back taxes and more than a $100 million
in fines to tax authorities. Experts predict that by 2020, China will
be the world’s largest cinema market, with box office revenue expected to jump from
$9.9 billion in 2018 to $15.5 billion by 2023. And it will have Hollywood to thank. More than a third of China’s highest grossing
films over the last two years were made in the U.S. Is Hollywood selling
out or cashing in? Hollywood is in the business of selling
out and cashing in, the two go together. Hey guys, it’s Uptin. Thanks for
watching. Check out more videos and let us know in the comments, do you think China’s influence will continue to grow in Hollywood? While you’re at it, subscribe to our
channel and I’ll see you next time.

100 thoughts on “How China is changing Hollywood | CNBC Reports

  1. Chinese are unattractive people. The females get by with makeup and plastic surgery. They're just as morally bankrupted as hollywhores. China thinks they're white. 😆😆😆

  2. Hollywood sold out shamelessly to American audience with all those white washing, American savior crap, so you should not be surprised now that they shamelessly sell out to Chinese audience lol.

  3. Nothing to see here, Hollywood just being Hollywood, its like how the people in their industry giving out sexual favours to climb, so no surprise they’re now spreading their asses to get into the Chinese market

  4. China is the market for Hollywood. Hollywood movies are facing loss of market due to streaming services, change of lifestyle. Crazy Rich Asians, now farewell. Hollywood is now producing films about day to day lives of Chinese and not just kung fu martial arts. Guess Chinese actors will not be playing bad guys in Hollywood films any more.

  5. One day they Will buy a state. Like we want To buy greeland. A chinese man already bougth an entire American small City

  6. Learn from Chinese Indians, chinese aren’t like Indians who kiss westerns peoples feet, learning English is useless and India should be proud of their own language

  7. Hollywood demands human and animal rights from China on the table while making deals selling their products under the tables.

  8. I am sick and tired of those American medias always taking “evil” China as their shooting angle! I hope US soon realise that their so-called American value is nothing but a piece of shit.

  9. China got an unfair advantage which no one noticed and talked about! Now when people r saying they have grudge against India which didn't get any advantage at all

  10. I thought hollywood was now a warehouse for online stores, do they still have physical "studios" or is it all virtual, I would have thought that deep fake tech would replace any and all actors by now

  11. The bad thing is …. they want to earn chinese RMB n bad mouth China at the same time, right Silver n morey? No! morey the moron, silver the shitty said, we call it freedom of speech….btw, why u call us name?? Its call freedom of speech f…kers!

  12. As long as Chinese are not targeted as the bad guys I’m happy enough to pay and watch. Btw Hollywood owns Russians some apologies…

  13. Hollywood tickets sale is declining at home due to piracy lol ,,r u guys stupid.Piracy has been there a long time ago.Its declining because hollywood is dumb😑

  14. china should just overtake hollywood so that left wing liberals can never criticize the elephants/republicans again.

  15. China's influence is ruining movie scripts and stories.
    Censorships and bans are right in front of your eyes.
    For example Pacific Rim 2 would have been amazing if not for China's influence and making it a shitty movie for retarded kids.
    Movies that mention Taiwan, or Tibet will be outright banned, same goes for the actors that play those movie. (Brad Pitt for 7 years in Tibet)
    Hollywood is trading its artistic freedom for money

  16. Yeah, us Americans have been influencing the world for a long time. It was a matter of time when other empires will rise up

  17. I MADE IT IN THE VIDEO!

    At 3:30, that's the AMC in Arcadia, California hahaha 🙂 I'm in the ticket booth, I work there!

  18. Cinemas thrive in cities. REAL cities, where you can just take a 15 mins walk and enjoy street food ỏ goes to the cinema, not these suburbs looking cities.

  19. Cockroaches infiltrated all levels of media already in the US lol, unfortunate they hold shares in almost every major media company you can think of

  20. No doubt. China influence on the film making will continue. With it huge population and market, China influence is spilling not only in Hollywood, but everywhere.

  21. Hollywood selling out and cashing in at the same time China is taking advantage using American expertise and knowledge to push their popularity . Same as what they’re doing with Korean pop culture

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