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Chinese film industry falling into a crisis

Yu Dong, president of Bona Film, said share prices of Chinese film and TV dramas industry are going to fall as former CCTV-presenter Cui Yongyuan exposed tax frauds in a row with actress Fan Bingbing.

At the 21stShanghai International Film Festival, Yu said that it is unrealistic to rely solely on capital market to raise the film-making threshold.

Wang Changtian, chairman of Beijing Enlight Media, said many film companies have difficulties in financing now while the production costs continue to rise and the copyright sales keep falling.

Wang said the first crisis of Chinese films is coming.

(Chinese version: https://wallstreetcn.com/articles/3339318?ivk=1)

 

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