{"id":6861,"date":"2013-11-07T07:56:03","date_gmt":"2013-11-07T07:56:03","guid":{"rendered":"https:\/\/ft-agency.com\/wordpress\/?p=6861"},"modified":"2013-11-07T07:56:03","modified_gmt":"2013-11-07T07:56:03","slug":"bona-ceo-yu-dong-predicts-golden-age-for-chinese-film-sector","status":"publish","type":"post","link":"https:\/\/ft-agency.com\/wordpress\/bona-ceo-yu-dong-predicts-golden-age-for-chinese-film-sector\/","title":{"rendered":"Bona CEO Yu Dong Predicts Golden Age for Chinese Film Sector "},"content":{"rendered":"

 <\/p>\n

Content, not money, is the biggest challenge going forward say attendees of the U.S.-China Film Summit. \u00a0“Yu said the industry is flush with cash and that the challenges are actually on the creative side”<\/h2>\n
\n

Yu Dong,\u00a0CEO of film studio and distributor Bona, has forecast a golden era for the Chinese film industry in the next decade and urged Hollywood talents to come to the world\u2019s second-largest market to take advantage of growing opportunities.<\/p>\n

\u201cIn the next 10 years it will be a big, big business. It\u2019s an era for capital growth and box-office increases. The Chinese film industry is in a phase to test our film-makers,\u201d he said.<\/p>\n

This was the fourth U.S.-China summit, organized by the Asia Society Southern California, and it featured six panels of leading figures from the industry sharing their experiences and strategies on the China market.<\/p>\n

Ivy Zhong,<\/strong>\u00a0vice chairman of the production company Galloping Horse, agreed that currently it\u2019s quite easy to find capital in China.
\n\u201cMost of the time we are trying to find good projects, not only in China but from around the world. This year, the business is not just in China, it\u2019s very international,\u201d said Zhong.<\/p>\n

Yu believes the Chinese film sector\u2019s growth will continue to be rapid, with Hollywood as the model. \u201cChina will develop six or eight big companies in the next decade, and these companies will adopt a practice that will be very close to the way Hollywood acts, in order to stabilize the production stream,\u201d he said.<\/p>\n

Yu added, however, that China still has some lessons to learn before it can reach its potential. \u201cThe Chinese movie industry will have to catch up with the growth of the [global] movie market. If you can become a leader in the Chinese industry, number one\u00a0 or two or three, you will become the number seven or eight in the whole world,\u201d he said.<\/p>\n

Ye Ning<\/strong>, group vice president of Wanda Cultural Industries Group, said it was important to develop understanding and respect for different cultures.<\/p>\n

\u201cIt\u2019s the right time to find some co-productions between China and the U.S., and there are great opportunities for the culture business. We need to grasp these opportunities,\u201d said Ye.<\/p>\n

In September, Wanda, which owns AMC, recently announced plans for the world\u2019s largest movie studio development, an $8.2 billion film studio in the coastal city of Qingdao, then followed it up days later with another multibillion-dollar entertainment complex
\nin Wuxi, especially positioned to directly compete with the upcoming Shanghai Disneyland amusement park.<\/p>\n

Each market has its own norms on how to get things done, said\u00a0Charles Coker,<\/strong>\u00a0managing director of Dasym Media, who is executive producing Sam Fell\u2019s action comedy Skiptrace, featuring\u00a0Seann William Scott, Jackie Chan\u00a0<\/strong>and\u00a0Fan Bingbing<\/strong>, with Talent International Film, the filmmaking subsidiary of Zhejiang Talent Television & Film Company Ltd. \u201cThe trick is to find common ground,\u201d said Coker.<\/p>\n

China Summit chairman and CEO of Orb Media\u00a0Peter Shiao\u00a0<\/strong>said the event was no longer about the promise of China, but about how China has arrived. \u201cFilmed entertainment in China is here in a big way and here to stay. It is a major force to be reckoned with and something that Hollywood needs to understand,\u201d said Shiao.<\/p>\n

 <\/p>\n

\"Yu<\/a><\/p>\n<\/div>\n

Source:\u00a0https:\/\/www.hollywoodreporter.com\/news\/bona-ceo-yu-dong-predicts-653752?utm_source=Sailthru&utm_medium=email&utm_term=hollywoodreporter_international&utm_campaign=THR%20International_now_gszalai<\/a><\/p>\n

<\/strong><\/p>\n

Foreign Talent Agency – Provides Foreign Models, Actors, Host, Dancers and A&R Talent in China.\u5916\u56fd\u4eba\u624d\u4e2d\u4ecb\u673a\u6784 – \u63d0\u4f9b\u5916\u7c4d\u6a21\u7279\uff0c\u6f14\u5458\uff0c\u4e3b\u6301\u4eba\uff0c\u821e\u8e48\u5bb6\u548cA\uff06R\u5728\u4e2d\u56fd\u7684\u4eba\u624d\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

  Content, not money, is the biggest challenge going forward say attendees of the U.S.-China Film Summit. \u00a0“Yu said the industry is flush with cash and that the challenges are actually on the creative side” Yu Dong,\u00a0CEO of film studio and distributor Bona, has forecast a golden era for the Chinese film industry in the […]<\/p>\n","protected":false},"author":2,"featured_media":6862,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[289,49,48,47,46,291,290,292,55,59,58,57,52,53,56,54],"class_list":["post-6861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-actors","tag-children","tag-china","tag-dancers","tag-foreign","tag-men","tag-all-models","tag-women","tag-55","tag-59","tag-58","tag-57","tag-52","tag-53","tag-56","tag-54"],"yoast_head":"\nBona CEO Yu Dong Predicts Golden Age for Chinese Film Sector - FTA<\/title>\n<meta name=\"description\" content=\"Foreign Talent Agency - 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