Even with the ongoing trade dispute with the United States, China has opened the door to Hollywood movies.
Walt Disney Co.’s third film, “Miracle” by “Thunder* Superhero Movie,” opened in the country on Wednesday, according to people familiar with the matter.
People trained dragons from Comcast Corp.’s Universal Pictures also won approval from government-backed companies to sanction movies, saying they are reluctant to be identified for people discussing non-public information. The studio is expected to confirm the release date in the coming weeks.
Approvals show that there is no measurable pullback due to trade tensions when large studios are ready to release summer pictures of their large budgets. The Chinese government said earlier this month it would “moderately reduce” the number of photos allowed by the U.S. tariffs imposed by Donald Trump.
People say Warner Bros. Discovery recently submitted F1 approval for racing movies, and Paramount Global is also looking for Mission: Impass-Insport-Impass-Insport-Final Estimates in China.
The China Film Administration did not immediately respond to a request for comment. Four studios declined to comment.
IMAX Corp. CEO Rich Gelfond, who sees China as its biggest market for big-screen technology, said in an interview with Bloomberg on Monday that there is “there is a false narrative” that the big Hollywood release will be cut by trade disputes. He has previously said that China’s curb may target low-budget titles with few titles and very little potential.
China is the second largest drama market in the world, lagging behind the United States only.
Despite the popularity of Hollywood producers in recent years – that’s local language blockbusters like NE ZHA 2 in February, the country can still drive a lot of sales. About 10% of the box office sales on the international opening weekend came from Hollywood’s latest blockbusters from China.
How to Train Your Dragon The Dragon released in June is a live-action remake of the animated film of the same name. The original total revenue in 2010 was US$494.9 million worldwide. Universal Studios said at an industry event in April that the sequel to the remake is in development and will be released in 2027.
The final estimate is the eighth film in Mission: The Impossible Franchise, which has more than $4 billion in global ticket sales.
F1 is a film about Formula One, released worldwide by Warner Bros. Producer Apple Inc.
This article was generated from the Automation News Agency feed without the text being modified.
