Once again, there is a massive disconnect between what's successful at the box office — i.e. appealing to mainstream America — and what wins awards. 'The Artist' has one of the lowest box office tallies for any film to win 'Best Picture' — just $32 million. And 'Hugo,' has grossed less than $70 million in the U.S., though it reportedly cost more than $150 million to make.
DreamWorks Animation and two state-owned Chinese media groups are due to unveil a new joint venture when Xi Jinping, China’s vice-president and heir-apparent, travels to Hollywood to endorse greater co-operation between the U.S. and Chinese media industries on Friday. The FT reports.
Some folks will argue that we shouldn't be doing this. To that I will repeat a previous argument: Like it or not, pornography is a big business (and one we've covered before). We cover big businesses. Yes, some industries are more taboo than others. But ignoring them doesn't make them any better or any worse. It just makes them less understood.