Hollywood and China see a future for co-productions

Poster of the film The Flowers of War [Photo/Mtime]

Bright future fort co-pros

Many of the Chinese movie market insiders have voiced their bullish views for the future of China-U.S. co-productions.

Wen-Chia Chang of WD Pictures, a leader in Chinese co-productions noted that Hollywood co-productions are the only films in the world that have the potential to earn returns as high in China as local Chinese films, while also successfully selling in North America and foreign territories.

"In next year or two, someone will figure the formula for successful U.S.-China co-productions and there will be a boom in the industry." Wei Xiandong, CEO of Shanghai Project Banana Films said he's been impressed by the success of U.S. movies in China's box office.

"The U.S. has invested a lot of money in creating a global market for Hollywood films. China needs to do the same. We must go global."

Gu Jin, Cultural Counselor of Chinese Consulate-General in Los Angeles told Xinhua, "There is great potential to cooperate between the two largest markets in the world. The United States has a more mature film system with good, experienced professionals. China needs to learn these skills from the United States, while the United States can learn more about Chinese people and culture."