Hollywood Financiers, Distributors Anxious Over ‘Insane’ Trade Tension With China

Variety | 6/9/2019 | Matt Donnelly
Click For Photo: https://pmcvariety.files.wordpress.com/2019/06/producedbymarkgill.jpg?w=700&h=393&crop=1

An increasingly hostile trade war with China has Hollywood film financiers and distributors just as nervous as producers and star talent these days.

As the Trump administration continues with threats and prohibitions, the theatrical film business specifically is wringing its hands over the possibility of being shut out of the massive Chinese marketplace — to the detriment of both America and the middle kingdom, top executives said.

Things - China - Mark - Gill - Indie

“It’s impossible to think about doing things without China,” said Mark Gill, a prolific indie producer behind films like “Shakespeare in Love” and “The English Patient,” who serves as president and CEO of Solstice Studios.

Gill spoke at a panel at Produced By 2019, held on the Warner Bros. lot this weekend, just as reports hit that China has warned American tech giants of “dire consequences” should they obey Trump’s new proposed ban of selling the country technology. A similar and unofficial Chinese blacklisting of U.S. entertainment and media has already begun, Variety exclusively reported last week.

Moment - Jesse - Sisgold - President - Skydance

“This is a pretty insane moment to be in,” agreed Jesse Sisgold, president of Skydance Media, whose blockbuster franchises like “Mission: Impossible” and “Terminator” are reliant on China, the second-largest film market in the world, which already caps the amount of American films it allows to play in the country per year. Skydance counts Chinese giant Tencent as an investor in its feature, animation and...
(Excerpt) Read more at: Variety
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