China: the new Hollywood?

There’s no question about it. China has become a world power. It is now the most powerful and influential country in the Asia Pacific area, and given its trajectory, could easily become the most powerful and influential country in the world. And for some reason, every time a nation gains great economic power, that nation wants to become the new Hollywood. China is no exception.

The question is, why? I mean, Hollywood is sexy… but not the greatest business in the world. I recall having had a dinner in Beijing several years ago with a cadre of Chinese media people as well as several high-ranking Generals. When the topic of “why is China so hell bent on being a major player in the film business?” came up, the answer was a resounding, no holds barred, “propaganda”. 

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Digital Domain- Founder, CEO, Chairman ILM- General Manager LucasFilm- Sr. Vice President