Last week’s official declaration by Beijing ruling out investments in overseas film, entertainment and sports properties marks a resetting of the relationship between Chinese and U.S. companies in those sectors, analysts say. Call it China-Hollywood 2.0.
“They mean business this time. This is not a policy that will change right after the [Communist] Party Congress this autumn,” Alex Wong, director of asset management at Ample Capital, told Radio Television Hong Kong.
The entertainment industries in both China and the U.S. must adjust to a new reality no longer based on acquisitions and asset values. Instead,