Selling Hollywood to China

James McMahon

No 2019/03, Working Papers on Capital as Power from Capital As Power - Toward a New Cosmology of Capitalism

Abstract: From the 1980s to the present, Hollywood's major distributors have been able to redistribute U.S. theatrical attendance to the advantage of their biggest blockbusters and franchises. At the global scale and during the same period, Hollywood has been leveraging U.S. foreign power to break ground in countries that have historically protected and supported their domestic film culture. For example, Hollywood's major distributors have increased their power in such countries as Mexico, Canada, Australia and South Korea (Jin, 2011). This paper will analyze a pertinent 'test case' for Hollywood's global power: China and its film market. Not only does China have a film-quota policy that restricts the number of theatrical releases that have a foreign distributor (~ 20 to 34 films per year), the Communist Party has also nurtured a Chinese film business that has steady film releases and its own movie star system. Theoretically, China would be a prime example of a film market that would need to be opened with the assistance of the U.S. government. Empirically, however, the case of Chinese cinema might be a curious exception; we can investigate how a political economic strategy rooted in explicit power is reaching a limit. Hollywood is, potentially without any other option, taking a more friendly, collaborative approach with China's censorship rules and its quota and film-production laws.

Keywords: China; cinema; Hollywood; power; international trade; United States (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-bec, nep-cul and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:capwps:201903

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