The $16.7 billion Asia Pacific market is the world’s No. 1 box office region, commanding a 40.6% share of the global total despite trade tensions between the U.S. and China, MPA and former Au…
“Whether you like it or not, U.S.-China relations are affecting the Asia Pacific region big-time” and will be the key factor shaping its future in 2020 both geopolitically and in terms of the entertainment industry, Rudd said. Unfortunately, that relationship is “getting to be increasingly difficult at a structural level” as the dynamic is “taking an increasingly ideological turn.”
Against this troubling backdrop of uncertainty and other local disputes between China and its neighbors, “the good news is that more people are going to the cinema than ever before in Asia. There’s no question about that,” said MPA president Michael Ellis. Additional data showed that South Korea exported a total of $600 million worth of film and TV products last year, about 31% of which were film products and 69% were TV products. The South Korean animation sector employs 5,600 people, accounting for 16% of direct employment within the film industry.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fraught U.S.-China Relationship Comes Into Focus at Asia Society SummitWhile cross-cultural deal making took center stage at the event, geopolitical tensions between the Middle Kingdom and America could not be ignored.
Read more »
Asia stocks frustrated as trade doubts resurfaceAsian shares napped near multi-month peaks on Thursday while bonds eked out a bo...
Read more »
Asia stocks stymied by trade talk frustrationAsian shares managed to cling near multi-month peaks on Thursday while bonds eke...
Read more »
Asia markets set to trade little changed amid potential delay in US-China trade dealInvestors will watch for market reaction to overnight developments on U.S.-China trade, following reports that U.S. President Donald Trump and Chinese President Xi Jinping will likely not meet to sign a trade deal until December.
Read more »
'Frozen 2' is already on pace to smash box-office records'Frozen 2' beat Fandango's record for biggest first-day presales for an animated movie, outpacing 'Toy Story 4' and 'Incredibles 2.'
Read more »
‘Doctor Sleep’ Eyes $25M-$30M Box Office Start, Will Turn Out Lights On ‘Terminator: Dark Fate’Last weekend didn’t start the fire at the November box office after Paramount/Skydance Media/Fox’s mechanical breakdown with Terminator: Dark Fate, which is set to lose $130 million off…
Read more »