I'd throw in another point that he missed: the annual film quota. In 2019 the CCP only permitted 38 foreign films to be shown in the country. Any market will have diminishing returns but in the Chinese market you fall off a cliff: if you're China's 39th most profitable foreign film you made $0.
But how many studios actually exist in Hollywood? If you owned 10 of those movies that did air, you made more money than all your other movies combined.
They're making their own stuff, are tired of PC influence and could throw you out of their market at anytime, for which you only get whatever percentage of ticket sales anyways. Why throw away your White audience for people who don't need or want you more and more?
I'd throw in another point that he missed: the annual film quota. In 2019 the CCP only permitted 38 foreign films to be shown in the country. Any market will have diminishing returns but in the Chinese market you fall off a cliff: if you're China's 39th most profitable foreign film you made $0.
But how many studios actually exist in Hollywood? If you owned 10 of those movies that did air, you made more money than all your other movies combined.
792 films were released in the United States and Canada in 2019. So Hollywood is selling out for an extra 10-15% revenue on their top 5% of movies.
What else is new? Only ~20 of those did most people even hear about.
Smh. No. Maybe you should look at just how much those top 20 movies actually make compared to the bottom 700.
Most of the revenue for those movies doesn't come from China.
Doesnt sound right. Chinese doesnt like lgbt or "diverse" nobodies.
Is it just a domestic issue in every other country it's happening in?
They're making their own stuff, are tired of PC influence and could throw you out of their market at anytime, for which you only get whatever percentage of ticket sales anyways. Why throw away your White audience for people who don't need or want you more and more?