Shanghai Opens Doors To World Of Film, Television
In the process of the country's economic development and opening up to the outside world, several media related annual events have emerged over the past decade in China. These events, usually in the name of television or film festivals, serve as a platform for domestic and international media professionals to exchange views and carry out trading negotiations, as well as for the public to gain increased awareness of various media products in the market. According toSina.com, the recent Shanghai International Film Festival has been quite eventful."China may be slowly moving towards loosening its rules to allow additional foreign films into the country but as things stand now, the most expedient avenue for foreign companies to enter the market is through co-productions."
Intel Corp to enter China’s IPTV Market With
It’s not been long since Shanghai Media Group (SMG)gained the country’s first IPTV licenses in April issued by the State Administration of Radio, Television and Film (SARFT). Based on this story from Forbes.com, as one of the major Chinese media giants, SMG is already in serious negotiations with big foreign investors for opportunities of coopoeration. With the expertise from the largest chip maker in the world, technologically advanced solutions will be adopted in media content production.
What’s On The Computer
So the heat of IPTV in China is ongoing, with some optimistic forecasters claiming that it will be evaluated in billions of US dollars by 2008. Some analysts, however, expressed concerns and more reserved estimates due to the unpredictable regulatory environment and rivalries between broadcasters and telecom operators that hamper further development of
the IPTV market. According to this article from China Daily, efforts in various respects still need to be made before this industry can truly take off.
“The analyst predicts China’s IPTV market will be worth 300 million yuan (US$36.2 million) this year, and might grow to 1.67 billion yuan (US$201 million) by 2009.”
China’s Huayi Bros. Thinking Big
While the present day Chinese media market seems to offer an awful lot of exciting opportunities for investors, it may not be as easy as what you can imagine to survive in the market. The Hollywood Reporter has a story about an indigenous Chinese media company who partnered with Sony to co-produce the movie “Kung Fu Hustle.” Though still operating in a fashion that resembles a Hollywood studio in its early days, the company has already come a long way to reach its current scale and is striving for more ambitious goals.
“Since its founding in 1994, Wang and his brother Wang Zhonglei have grown Huayi Brothers Media Group from a small advertising firm into a burgeoning conglomerate in a media marketplace complicated by censorship, plagued by piracy, and all too often hampered by a lack of investment capital.”
World Of Warcraft Open For Business In China
In the fantasy world of computer games, an internationally acclaimed multi-player game will become available to Chinese online gamers. As reported by Gamespot.com, Blizzard Entertainment, the owner of the game, will work together with a Shanghai-based game operator in China to launch this game. Though the initial costs for this operation were quite high, the long-term gains are expected to be large.
“Chinese gamers have yet to show a sustained interest in 3D gaming, preferring instead the worlds of 2D gaming.”