While few foreign films were shown in cinemas, pirated copies were sold freely on the streets. Not long ago China was mostly a source of frustration for Hollywood. ![]() Says Mathew Alderson, an entertainment lawyer at Harris & Moure in Beijing: “The message is ‘This isn’t the Wild West, fellas. No charges have been filed, but the SEC has made its point. studios made illegal payments to government officials for market access in China. The Securities & Exchange Commission is investigating whether U.S. Hollywood’s embrace of China has caught the eye of regulators at home. The traffic goes both ways: Dalian Wanda Group, a property conglomerate that runs China’s biggest theater chain, agreed in May to pay $2.6 billion for AMC Entertainment. News Corp., which owns Twentieth Century Fox, has taken a 20% stake in Beijing-based Bona Film Group, a Nasdaq-listed producer and distributor. DreamWorks Animation is building a studio in Shanghai with local partners. ![]() For an aspiring movie mogul who has spent decades trying to crack the industry, the stakes couldn’t be higher. ![]() Despite the hoopla, it’s far from a done deal, and CEO Mintz is under the gun. While the main filming is under way in North Carolina, DMG has been trying to nail down shooting schedules and regulatory approvals in China.
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