Hong Kong’s FilMart Stays Strong as China Enacts Biz Changes

When FilMart was launched 22 years ago, Hong Kong boasted of its historic role as the preeminent gateway between China and the rest of the world. That message has had to be tempered in recent years as multiple other cities have emerged with claims to be hubs, and there is now huge direct trade between suppliers and end users. But Hong Kong’s traditional strengths — a free port, the rule of law, stable currency, low tax and excellent infrastructure — have helped it survive as it weathers commercial change.

Hong Kong’s FilMart has also navigated tumultuous changes on its way to becoming the premier film and TV rights market in Asia.

The emergence of mainland Chinese companies as major buyers, sellers and co-production partners in global film and TV fueled the market’s growth and a measure of stability for many years.

During the 21st century, Chinese theatrical box office has
See full article at Variety - Film News »

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