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Hollywood unpaid for movies

By Liu Wei | China Daily | Updated: 2013-08-01 07:43

Hollywood unpaid for movies

Multiple sources have confirmed that Hollywood studios have not received their share of box office receipts from films they released in China this year due to a dispute over a new tax on movie profits.

China imports 34 foreign films a year for theatrical release, and most are Hollywood productions.

Hollywood studios share profits from the China releases of their films with their Chinese distributor - China Film Group - and theaters that screen the films.

Hollywood unpaid for movies

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