China to award films performing well overseas
CHINA – — Chinese authorities are determined to increase the international presence of domestic films, with a fresh government circular promising to award those performing well in the overseas market. A Chinese producer or agent authorized to handle the overseas business of a domestic film will be awarded if the film’s overseas box office reaches at least one million yuan (153,400 U.S. dollars), according to a notice published Wednesday by the national film industry development special fund management commission, an institution under the State Administration of Press, Publication, Radio, Film and Television. The circular did not specify how much money will be given out, although it did say that the award amount will not exceed one percent of the film’s international box office. (Xinhua)…[+]