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China Eases Restrictions on Foreign Investment in Entertainment Venues

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variety.com
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Rebecca Davis editorForeign investors are now allowed to establish entertainment venues in China without investment restrictions or local partners, according to new legal amendments.This opens the doors to future wholly-foreign owned cinemas in the world’s largest film market.

It also could potentially be big news for U.S. entertainment companies looking to operate theme parks in the country. Previous rules required them to partner up to form joint ventures with local firms, as did Disney did to open its lucrative Shanghai Disneyland theme park and as Universal was obliged to do for its nearly completed theme park near Beijing.The changes emerge from China’s State Council, the country’s top governing body, via an “amendment and repeal of.

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