Motion Picture Association of America (MPAA) Chairman and CEO Senator Chris Dodd spoke today at the Shanghai International Film Festival (SIFF), calling for China's burgeoning film industry to burgeon faster. Dodd sees the cosmopolitan potential in the Chinese film industry, saying, "All the ingredients are there for China's film industry to become a major player on the world stage...But we know that the way to keep that growth continuing is to keep working to build our relationship with all sectors of the Chinese film industry." The key, he says, is in China's relationship with the American film industry and, more specifically, with Hollywood studios.
In the last decade, China's film production has already increased from dozens each year to hundreds, and box office revenues are forecast to more than triple by 2015, to $5 billion. During his visit, Dodd will also meet with senior government and industry leaders, as well as executives from China's leading film studios and entertainment companies.
Full press release below:
In his keynote speech at the Shanghai International Film Festival (SIFF) today, Motion Picture Association of America Chairman and CEO Senator Chris Dodd called on the Chinese film community to broaden its engagement with the world, and suggested Hollywood expertise could help it reach its full potential.
Senator Dodd was a guest of honor at the SIFF, and addressed an audience of 200 made up largely of senior government officials, key players in China’s domestic film industry, and international guests at the festival’s co-production forum.
“China’s movie market is a success story in the making,” said Senator Dodd in talking about helping China develop a thriving film industry. “All the ingredients are there for China’s film industry to become a major player on the world stage, just as China has always been a major player on the world cultural stage.”
Dodd spoke about the important relationship between the American film industry and Chinese filmmakers, Chinese audiences and even the Chinese government. “One of my top priorities as a representative of the American film industry is to build upon that relationship, to help it deepen and blossom, so that it can form the foundation for a world class film and cultural sector,” he said.
He noted that Hollywood studios and their Chinese counterparts are coming together to share best practices, build relationships, and identify cultural touchstones that can form the basis for future projects. “But we know that the way to keep that growth continuing is to keep working to build our relationship with all sectors of the Chinese film industry – moviemakers, distributors, exhibitors.”
During his visit to China as the Chairman and CEO of Motion Picture Association, Dodd will be meeting with senior government and industry leaders as well as executives from the country’s leading film studios and entertainment companies.
Dodd comes at a time of exponential expansion of China’s film industry. In the last decade, the number of films produced in China has grown from dozens each year to hundreds – 526 in 2010 alone. The number of cinema screens has increased to 6,200 and is expected to more than double by 2015, to more than 16,000. And box office revenues, which passed $1.5 billion last year, are forecast to more than triple by 2015, to $5 billion.
Originated in 1993, SIFF is China’s premiere and only A-category film festival accredited by FIAPF. Organized by the Shanghai Media and Entertainment Group, the 14th SIFF will be held from June 11 to 19 in Shanghai, and is expected to attract participants from over 100 countries and more than 1,500 films.
About the MPA: The Motion Picture Association (MPA) and Motion Picture Association International (MPA-I) represent the interests of major motion picture companies in the global marketplace. To do so, it promotes and protects its member companies’ intellectual property rights and conducts public awareness programs to highlight to movie fans around the world the importance of content protection. These activities have helped to transform entire markets benefiting film industries in each country including foreign and local filmmakers alike.
The organizations' worldwide operations are directed from its headquarters in Los Angeles, California and overseen in the Asia Pacific by a team based in Singapore. Its member companies include: Paramount Pictures Corporation; Sony Pictures Entertainment Inc.; Twentieth Century Fox Film Corporation; Universal City Studios LLC; Walt Disney Studios Motion Pictures; and Warner Bros. Entertainment Inc. For more information about the MPA, please visit www.mpa-i.org.