Short primer on the remaining China-hollywood pacts
The flurry of deals between Hollywood and China from 2012-16 appeared to be born of mutual interest, matching Chinese money with U.S. movie-industry know-how. But the pacts varied wildly in scale and ambition. Returns on investment were weaker than anticipated. Hollywood studios were often unwilling to share their most lucrative franchises with their supposed partners. Other alliances have been overwritten by the changing tectonics of the industry. What’s clear is that Chinese firms have not been exposed as the latest in a line of ignorant investors. In many cases, the Chinese came to learn. They may have discovered that Hollywood is a tough place for outsiders. But, unlike the Japanese hardware companies, German dot-com boomers and Middle Eastern oilmen before them, the Chinese go home to a supercharged domestic industry. Here’s the outlook for some of the pacts that are still standing.