Wed­nes­day China has law on film in­dus­try

China Daily (USA) - - NEWS CAPSULE -

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The top leg­is­la­ture on Mon­day adopted a law on the film in­dus­try, promis­ing harsh pun­ish­ment for firms that fab­ri­cate box of­fice earn­ings or in­for­ma­tion.

Film dis­trib­u­tors and the­aters will have all their il­le­gal earn­ings con­fis­cated and be fined up­ward of 50,000 yuan (about $7,380) if they fal­sify ticket sales, ac­cord­ing to the law adopted at the Na­tional Peo­ple’s Con­gress Stand­ing Com­mit­tee bi-monthly ses­sion af­ter a third read­ing.

If their il­le­gal earn­ings ex­ceed 500,000 yuan, the fine will be up to five times their il­le­git­i­mate earn­ings.

They may also be slapped with an op­er­at­ing sus­pen­sion or have their busi­ness cer­tifi­cates re­voked in se­ri­ous cases, ac­cord­ing to the law.

The law is the first of its kind in China, cur­rently the world’s sec­ond largest film mar­ket. (Photo 3)

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