Walt Disney Studios is eyeing the multi billion-dollar Chinese market. The studio signed a partnership agreement with Shanghai Media Group Pictures to co-develop movies which “feature authentic Chinese elements.” The shrewd move could be seen as a way to bypass strict guidelines for foreign films entering China; currently, the national authorities limit the number of foreign films screened each year to 34. Last year, ‘Iron Man 3’ was accepted after shooting scenes in Beijing with local actors.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
