China’s Movie Business Is Taking a Hit

The transcript discusses the challenges facing China's movie industry, including censorship, tax evasion scandals, and competition from streaming services. It highlights the past growth of China's box office and the uncertainty of future growth, questioning whether China will overtake the US as the largest movie market. Despite a decline in both Chinese and US box offices, the possibility remains that China could surpass the US due to a steeper decline in the latter.

What are some of the challenges currently facing China's movie industry?

• Lack of talented actors

• Limited audience interest

• Censorship and tax evasion scandals

• High production costs

What has been a significant change in China's box office since 2011?

• It has remained stable

• It has quintupled

• It has decreased

• It has doubled

According to William Goldman, what is a notable aspect of the movie business?

• Nobody knows anything

• It is driven by technology

• It is dominated by a few companies

• It is highly predictable

What factor is causing doubt about China overtaking the US as the largest movie market?

• Decline in both US and China box office revenues

• Increased competition from Europe

• Lack of new movie releases

• Rise of independent films

What ironic situation could lead to China overtaking the US box office?

• China producing more films

• US box office declining more than China's

• China reducing censorship

• US increasing ticket prices