Looking back on the year in media and entertainment, 2014 will mark when China took big bite of Hollywood.
The year saw more Chinese money flowing into American entertainment. Chinese investment in U.S. entertainment, including film, has grown to around $2.7 billion from 2000 to the second quarter of this year, according to the Rhodium Group, which tracks Chinese direct investment in the U.S. The second half of 2014 also saw a pickup in Chinese film and media companies opening U.S. shops.
The U.S. film industry for years has been pre-selling movies in foreign markets, including Asia, to help bankroll domestic production. Now in a twist on changing box-office dynamics, what North Americans like to see in theaters is no longer the only deciding factor. More locally produced films in Asia, for example, are outpacing foreign imports.
And even film markets like China, which has been challenging for foreign media companies to crack, are inking new relationships and altering the global film landscape.