China Media Capital Group (Cmc) has become the first company to obtain a cinema-chain operation license in China since authorities began reissuing them three years ago. Cmc acquired Chinese cinema chain Ume in 2017.
In the wake of the National Film Bureau’s decision to issue the permit, Ume will “cooperate with Cmc… to strengthen the development and distribution of Cmc film content,” the two companies said in a joint statement issued in Hong Kong on Tuesday.
Last December, the bureau issued a document called “Opinions on Accelerating the Construction of Cinemas to Promote the Prosperity of the Film Market,” in which it encouraged top film-related companies to participate in the strategic improvement of the industry, and set the goal of increasing China’s current total of more than 60,000 screens to 80,000 by 2020.
Cmc chairman and CEO Li Ruigang said: “We believe that with ever-improving cinema and theater technology, a new generation...
In the wake of the National Film Bureau’s decision to issue the permit, Ume will “cooperate with Cmc… to strengthen the development and distribution of Cmc film content,” the two companies said in a joint statement issued in Hong Kong on Tuesday.
Last December, the bureau issued a document called “Opinions on Accelerating the Construction of Cinemas to Promote the Prosperity of the Film Market,” in which it encouraged top film-related companies to participate in the strategic improvement of the industry, and set the goal of increasing China’s current total of more than 60,000 screens to 80,000 by 2020.
Cmc chairman and CEO Li Ruigang said: “We believe that with ever-improving cinema and theater technology, a new generation...
- 5/9/2019
- by Rebecca Davis
- Variety Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.