Selling Hollywood to China

McMahon, James

doi:10.1080/07360932.2020.1800500

Cited by 6 publications

(12 citation statements)

References 19 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Khoo (2019) shows that the practically of the concept of "Hollywood" lies in its ability to coproduce Asian films and represent the status of transnational Chinese cinemas in Hollywood. McMahon (2020) argues that in the Chinese theatrical market, the largest film distributors and producers have become strong competitors in the Chinese film business under the protection of the state. Gilardi et al (2020) indicate that platforms such as Hulu, Netflix, and Amazon and BAT (Baidu, Alibaba, and Tencent) companies control the Chinese film industry.…”

Section: Chinese Film Industry Frustrations and Challengesmentioning

confidence: 99%

Do Bubble Behaviors Exist in Chinese Film Stocks?

Liu

Wang

2020

Sage Open

View full text Add to dashboard Cite

This article investigates bubbles in the Chinese film industry to reveal the industry’s boom and bust process that influences employment, citizen’s livelihoods, and even economic growth. We adopt the film stock index to reflect the industry’s trajectory and employ the generalized and backward sup augmented Dickey–Fuller tests to detect bubble periods. Empirical results indicate that there are three positive bubbles in 2007, 2013, and 2015, indicating that the film market continues to expand after temporary frustrations. Meanwhile, one negative bubble is found in 2019, which demonstrates that the bubble’s negative impacts persist and the film industry is still having problems such as declining industrial output. Economic growth, film quality, and industrial policies are common factors for all bubbles. The global financial crisis, capital in- and outflows, internet giants’ entry and sky-high remuneration are reasons for certain bubble behaviors. Hence, market practitioners should actively recognize bubbles and observe their evolution, which will favor industrial stabilization. A perfect legal system, moderate industrial policies, a competitive market environment, and other measures are needed to confront the opportunities and challenges.

show abstract

Section: Chinese Film Industry Frustrations and Challengesmentioning

confidence: 99%

Do Bubble Behaviors Exist in Chinese Film Stocks?

Liu

Wang

2020

Sage Open

View full text Add to dashboard Cite

show abstract

“…This is particularly evident in economies lacking robust policies to safeguard their domestic film industries, as observed in cases like Mexico [ 7 ] and Germany [ 8 , 9 ]. Despite stringent protection measures, including state censorship and import quotas, China, being the largest emerging economy, has emerged as the largest international market for Hollywood movies [ 10 ]. Notably, the box office revenues of imported Hollywood movies in China have skyrocketed, surging 60-fold from 0.33 billion RMB in 2001 to 18.57 billion RMB in 2019 (See Table 1 ).…”

Section: Introductionmentioning

confidence: 99%

“…For example, out of 368 movies released in China in 2019, only 42 movies (11.4 %) were imported from Hollywood due to import quotas and censorship, yet the box office revenue of imported Hollywood movies accounted for about 31.4 % of the total box office revenue. Each imported Hollywood movie still earns roughly three times the average revenue of domestic movies in the Chinese market, despite the cultural advantages of domestic movies [ 10 , 14 ]. However, since 2018, the escalating trade tensions and tariff disputes between the United States and China have put pressure on Hollywood's performance in China's cultural market [ 10 , 14 , 15 ].…”

Section: Introductionmentioning

confidence: 99%

“…Each imported Hollywood movie still earns roughly three times the average revenue of domestic movies in the Chinese market, despite the cultural advantages of domestic movies [ 10 , 14 ]. However, since 2018, the escalating trade tensions and tariff disputes between the United States and China have put pressure on Hollywood's performance in China's cultural market [ 10 , 14 , 15 ].…”

Section: Introductionmentioning

confidence: 99%

“…Furthermore, Hollywood's box office revenue increasingly relies on international markets, but the total international revenues from the Asia-Pacific region have declined for Hollywood motion pictures in recent years [ 10 , 16 ]. The dominance of Hollywood movies in the international trade of motion picture products has faced challenges from fast-growing movie markets in countries such as Australia, China, India, Japan, Nigeria, and South Korea [ 10 , 15 , [17] , [18] , [19] , [20] , [21] ]. Hollywood has lost its monopoly power in Asia and must now consider institutional and cultural factors in movie production and distribution to effectively sell itself in these emerging Asian movie markets.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Review disagreements, cultural capital, and cultural discount on imported hollywood movies in China

Kang,

Peng,

Anwar

2023

Heliyon

View full text Add to dashboard Cite

The impact of major infectious disease events and government relief packages on the film industry: evidence from Taiwan

Lee,

Liu

2024

Humanit Soc Sci Commun

View full text Add to dashboard Cite

This study focuses on the impact of COVID-19 on the film industry and the effectiveness of government relief policies. Taiwan was a region with a low level of infection at the beginning of the COVID-19 pandemic (2020), and the film industry could be maintained under government policies; therefore, this case study was conducted. Multiple regression models were used to explore the explanatory factors for movie box offices based on running size, production studios and countries, vacations, and the COVID-19 pandemic. The analysis covered a period from September 30, 2019, to September 27, 2020, encompassing a 52-week sample of 5686 films. The results indicated that weekly box office receipts (number of tickets sold) experienced a steep decline of more than 50% despite the implementation of various relief measures. While the number of locally produced films screened diminished significantly, the number of theatres, films, and rerun films and their market share increased substantially. This suggests that although the quantity of films remained stable during the pandemic, their quality or novelty did not correspondingly improve. Key findings from the regression models included the following: (1) there is a size effect (number of theaters screening the film) on the box office; (2) box offices decrease with the number of weeks since the opening week, and films from well-known producers and major studios, as well as products from the US, Japan, and Taiwan, can have positive effects on the box office; (3) student vacations have had a positive effect; and (4) the COVID-19 pandemic has had a negative effect.

show abstract

Selling Hollywood to China

Cited by 6 publications

References 19 publications

Do Bubble Behaviors Exist in Chinese Film Stocks?

Do Bubble Behaviors Exist in Chinese Film Stocks?

Review disagreements, cultural capital, and cultural discount on imported hollywood movies in China

The impact of major infectious disease events and government relief packages on the film industry: evidence from Taiwan

Contact Info

Product

Resources

About