It could be bad news if broader talks go sour, but it could offer a potential path forward if the two countries find common ground. "It wouldn't really hit the domestic movie business much whether we bring in more foreign movies or not," said Yu Jianhong, vice president of Beijing Film Academy. This, however, had been held up as Beijing rejigged its film regulator, handing more control to the ruling Communist Party, and then as trade tensions with the United States grew. "Profit sharing is a higher priority," he said, and studios "would like to see 45 percent as opposed to 25 percent." "China has pledged to open its market on a lot of fronts, but you have to consider the special aspect of culture and entertainment industry," said Beijing Film Academy's Yu.

Source: The Star May 19, 2018 22:52 UTC