Probably not as long as you think. China has been becoming way more insular in the last few years (combination of old-school commies trying to get back in power, and nations starting to become more hostile toward them), and one of the consequences of this is that China is putting caps on foreign movies. How tight of caps? Hollywood, ALL of Hollywood, is only allowed 10 movies into China per year. After that, they may still be released, but China will take a 100% cut of the revenue. Meaning it is very rapidly becoming a market where there will be VERY limited income, and that is before you get around to the fact that every movie "made for China" (Shang-Chi, Mulan, etc) has been a flop.
Another sign a change in direction might be coming? Disney's new CEO, Bob Chapek, has been notoriously critical about the long-term viability of China as a market (to the point that scuttlebutt behind the scenes is that he has basically written off the Shanghai Disneyland and thinks it will be repossessed by China in the not too distant future) and further rumor says that he is favoring India as a market, as it is more stable and more open to Disney. So much so that India is the only nation where Disney+ actually turns a profit instead of losing money. And with the amount of pull Disney has over the industry, that may lead to others following the leader.
And if you hate the woke stuff, that may be out the window with Chapek too. Because he gained a reputation at his previous job running the parks of not caring how popular or unpopular something was. If it didnt make money, he was going to axe it. And considering woke content is just a giant sucking sound in the money vault...
I may have misremembered, or I may be thinking of something they have talked about doing. Either way, the point remains that China is starting to turn the screws and favor domestic movies. I have also heard that many other nations are planning on doing the same thing, because Covid cutting off the Hollywood pipeline allowed local movies to actually get off the ground.
So it may be too much to ask, but I really do hope that we see Hollywood come crawling back begging America for forgiveness. But then again, knowing how your crazy Leftist usually do things, they may also just mount that bomb like its Dr. Strangelove and ride it all the way into the ground before admitting to those filthy hicks in flyover country that they were wrong.
Probably not as long as you think. China has been becoming way more insular in the last few years (combination of old-school commies trying to get back in power, and nations starting to become more hostile toward them), and one of the consequences of this is that China is putting caps on foreign movies. How tight of caps? Hollywood, ALL of Hollywood, is only allowed 10 movies into China per year. After that, they may still be released, but China will take a 100% cut of the revenue. Meaning it is very rapidly becoming a market where there will be VERY limited income, and that is before you get around to the fact that every movie "made for China" (Shang-Chi, Mulan, etc) has been a flop.
Another sign a change in direction might be coming? Disney's new CEO, Bob Chapek, has been notoriously critical about the long-term viability of China as a market (to the point that scuttlebutt behind the scenes is that he has basically written off the Shanghai Disneyland and thinks it will be repossessed by China in the not too distant future) and further rumor says that he is favoring India as a market, as it is more stable and more open to Disney. So much so that India is the only nation where Disney+ actually turns a profit instead of losing money. And with the amount of pull Disney has over the industry, that may lead to others following the leader.
And if you hate the woke stuff, that may be out the window with Chapek too. Because he gained a reputation at his previous job running the parks of not caring how popular or unpopular something was. If it didnt make money, he was going to axe it. And considering woke content is just a giant sucking sound in the money vault...
Has that changed recently? They already had a cap, but it was over 30 foreign movies per year - the Hollywood films that hit #1 in the Chinese box office alone exceeds the 10 movie cap you are talking about.
I may have misremembered, or I may be thinking of something they have talked about doing. Either way, the point remains that China is starting to turn the screws and favor domestic movies. I have also heard that many other nations are planning on doing the same thing, because Covid cutting off the Hollywood pipeline allowed local movies to actually get off the ground.
So it may be too much to ask, but I really do hope that we see Hollywood come crawling back begging America for forgiveness. But then again, knowing how your crazy Leftist usually do things, they may also just mount that bomb like its Dr. Strangelove and ride it all the way into the ground before admitting to those filthy hicks in flyover country that they were wrong.