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Shanghai: Chinese Film Execs Talk Overcoming Industry's 'Severe Winter'

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Studio chiefs, including Bona's Yu Dong and Beijing Enlight Media's Wang Changtian, remained bullish on the country's prospects despite a series of scandals that hit the sector last year.

Top Chinese film executives came together at the Shanghai International Film Festival Sunday morning to discuss recent industry challenges and tout their slates for this year's 70th anniversary celebrations of the People's Republic of China.

So overall, he said 2018 was "the year of a severe winter for the movie industry in China." He also cited big stock drops of many publicly traded film firms. Financing is one of the challenges. "The capital market has given up on China’s film industry, I believe," Wang said. "We cannot find enough funding for projects.”

While much discussion is concentrating on the country's box office surpassing the U.S. as early as next year, Ren said: "We should not rush to be passing somebody," but instead focus on film quality and "developing own narratives."

 

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