CHINA TOPIX

04/24/2024 01:44:46 pm

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Pierce Brosnan

Pierce Brosnan to Join Expendables Franchise

The former Agent 007, Pierce Brosnan, is keen to join the team of Expendables franchise on its next installment.

Amanda Bynes

Bong-Throwing Case Against Amanda Bynes is Dismissed

A New York judge dismissed the bong-tossing case against actress Amanda Bynes on Monday after she heeded orders to stay out of trouble and undergo counseling.

Johnny Depp to Judge in the Finale of ‘Chinese Dream’

Hollywood actor Johnny Depp will pick the winner of a Chinese TV reality show called “Chinese Dream” and the winner will fly off with him for a trip to Hollywood.

North Korea Threatens Retaliation Over Release Of 'The Interview'

North Korea threatened the U.S. on Wednesday, promising "merciless" retaliation over the release of a Hollywood action-comedy film about a plot to assassinate its leader Kim Jong Un.

Harrison Ford Rushed to Hospital after Accident on Star Wars VII Set

Veteran actor, Harrison Ford, 71, was brought to the hospital after a hydaulic door had fallen on him on set of the Star Wars: Episode VII set.

Another Gun Crime in the U.S. but No One Killed This Time

Latest incident comes only two days after the death of five people in Las Vegas.

Hollywood Hosts Huading Film Awards for the first time

Political tensions notwithstanding, Hollywood and China seem on pretty good terms.

3D Beijing Opera 'Farewell My Concubine' Debuts in Hollywood

The Beijing opera film 'Farewell My Concubine' debuted in Dolby Theatre on Friday and is the first Mainland Chinese film to use 3D technology as well as Dolby surround sound.

2013-7-31 2

Hollywood's in need of a superhero - to recover its money from China

In 2012, China’s vice-president Xi Jinping, and US vice-president Joe Biden agreed to ease down the policies regarding foreign film showings in China. As per the agreement, Hollywood movies can now be screened in Beijing which will allow 25 percent of earnings in favor of the US Studios. This is a promising move that can increases the chances of Hollywood studios become a worldwide source of films. However, it was found out that China stopped paying dues a few months ago. Despite of the issue, US movies still are being screened all over Chinese cinemas at the end of 2012. The China Film Group has reported that they deliberated a levy of 2 percent tax on every US film releases. Hollywood did not agreed to this terms and refused to pay the said amount, as there were claims of breach of contract involved in the WTO agreement. This issue boiled down from the Hollywood’s findings of not having received any of the 25 percent payment from the movie releases. Warner Brothers has more than $31 million of shares owed by China. This is from the blockbuster movies, Man of Steel and The Hobbit. Disney also made about $30 million from Iron Man 3, and Sony has earnings from the movie, James Bond, which was not also paid. In the past, the move agreements in China did not come easy. Hollywood film makers and producers tolerated the rants of Chinese censors. There were films banned with no explanation, and others are suddenly withdrew without notice. However, the Chinese audiences had increased interest so Hollywood studios provided more ways to meet their expectations. US Senator, Chris Dodd, who now is the chairman of the Motion Picture Association of America (MPAA), stated that they are now working to resolve this matter. The US Trade Representative as reported to be working with the MPAA and the “counterparts within the Chinese government to resolve the issue”.

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