Short primer on the re­main­ing China-hol­ly­wood pacts

Variety - - Contents - BY PA­TRICK FRATER

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.

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