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SEC investigating movie studios’ dealings with China

SEC investigating movie studios' dealing with China

Reuters is reporting that regulators have begun a probe of American movie studios and their dealings with Chinese officials. The Security and Exchange Commission has sent letters to at least five companies, including 20th Century Fox, Disney and DreamWorks Animation requesting information about "potential[ly] inappropriate payments" made to members of the Chinese government. The market in the pseudo-Communist nation is seen as one with huge potential for US-made films, but the state-owned China Film Group has placed strict limits on foreign cinema. However, in February, the group agreed to loosen restrictions and exempt up to 14 IMAX or 3D films a year (along with their 2D counterparts) from the 20 movie cap on international media. Around the same time, DreamWorks announced it would be building a production studio in Shanghai with participation from several large Chinese media companies. Even Disney struck a deal that will see the next Iron Man title co-produced by China's DMG Entertainment. The sudden shift in tone must have raised some eyebrows with watchdogs, and the SEC has responded by hitting up the studios for info over the last few months. Obviously, we'll be keeping an eye on this to see how it develops.

SEC investigating movie studios' dealings with China originally appeared on Engadget on Tue, 24 Apr 2012 16:53:00 EDT. Please see our terms for use of feeds.

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Dreamworks Animation joins Walmart’s disc to digital program

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DreamWorks Animation has signed up with Walmart's VUDU-powered disc to digital service. From today, you can take any of the studio's movies (such as Shrek or Kung-Fu Panda) and have them converted to standard quality video for $2 or a HD version for $5. There's no word on if DreamWorks proper would sign up, but given the complex nature of its ownership, we won't hold our breath.

Continue reading Dreamworks Animation joins Walmart's disc to digital program

Dreamworks Animation joins Walmart's disc to digital program originally appeared on Engadget on Mon, 16 Apr 2012 13:59:00 EDT. Please see our terms for use of feeds.

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