The films the fund acquires will be imported via China’s flat-fee import system, which allows them to bypass the official quota of 34.
May 22, 2017
‘UTA is deepening its engagement with the massive Chinese film market.
The Hollywood agency has partnered with Los Angeles-based entertainment company Tang Media Partners and Chinese film studio Joy Pictures to set up a major new film fund that will be used to acquire U.S. films for distribution in China.’