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China Box Office Thread | Deadpool & Wolverine- July 26

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China Box-Office Standoff: Studios in High-Level Talks to Resolve Tax Issue

http://www.hollywoodreporter.com/news/china-box-office-standoff-studios-597954

 

There has been no official response from China Film, but an unnamed senior Chinese movie industry insider told the China Daily newspaper that the two sides are now awaiting results of negotiations at a "higher level."

The U.S. studios have not received their share of revenues earned in 2013, and in some cases for movies released last year. The revenues total tens of millions of dollars for some studios.

One of the reasons that China Film is not paying the value-added tax is because it fears that doing so would hurt its efforts to get listed on the Chinese stock exchange, the paper said.

The surge in the studios' box office take since 2012 had already lowered its profits, the source said, and the new tax has the group even more concerned.

That is true ...

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Weekly (2013.7.29~8.4) Projection by Thursday 24pm:

 

1. Pacific Rim ----- NEW

 

Low end

Wed 56M

Thu 45M -20%

Fri 50M +11.1%

Sat 60M +20%

Sun 51M - 15%

5-days 262M $42.2M

 

High end

Wed 56M

Thu 46M -17.8%

Fri 51M +10.8%

Sat 66M +29.4%

Sun 56M - 15.1%

5-days 275M $44.35M

 

2. FF6 ----- 174M ---- -3.9% ----- 355M $57.25M

 

If your predictions are true, incredible business of Hollywood movies in China

Edited by zackzack
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You mean I Love Wolffy 2? The worst thing about that is it isn't even animated, it's a bunch of live actors running around pretending to be sheep and wolves. It looks like a bad panto show.

Edited by zackzack
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