All our Essay orders are Original, and are written from scratch. Try us today at 30% off

answered : Takeaways from China Film’s Prospectus Introduction China Film Group Corporation, abbreviated as…

Want answers to the assignment Below?

Text or Whatsapp Olivia at +1 (307) 209-4351


 

This question has been answered:


Takeaways from China Film’s Prospectus Introduction China Film Group Corporation, abbreviated as…

Takeaways from China Film’s Prospectus

Introduction
China Film Group Corporation, abbreviated as CFGC, is the largest film producer and distributer in China.

 

Based on Wikipedia, CFGC’s business covers almost

everything related to the industry in China, including “film and television production, film distribution and exhibition, film importation and exportation, cinema

circuit management, digital cinema construction, print developing and processing, film equipment management, film and TV CD production, ancillary products,

advertising, property management as well as real estate.” (China Film Group Corporation, Wikipedia).

It is a state-run film enterprise. All imported films have to work

with CFGC. The Wall Street Journal (WSJ) article “Takeaways from China Film’s Prospectus” introduced some important notes from the company’s prospectus, which are also

about the whole film industry.
Main Ideas And “Take-away” of The Article
According to the article, China Film is planning to raise $739 million in Shanghai Stock Exchange, while China’s IPO market is suffering from moratoriums. This

action has drawn public’s attention to China Film.

Since its specialty of state-owned, China Film’s actions and behaviors have important effect on the whole industry

in China. The article excerpted some takeaways from China Film’s prospectus:
    Movie ticket sales are booming in China.Ø
    Exports of Chinese films abroad have been bumpier.Ø
    Overall, lots of aspects of the Chinese film industry needØ improvement. One barrier is the lack of professional film workers.
    Based on China’s strict control standards, China Film has been involved in some fairly risqué content.Ø

Apply to Global Strategy Theory
Despite of China Film’s leading position in China’s film industry, it has faced insurmountable gap between Hollywood film firms. Applying to global

strategy theory’s three leading perspectives on strategy to get international success, China Film can be analyzed as:
(1)    Industry-Based Competition: Chinese films have limited audience outside Chinese-speaking regions, and the whole industry has dropped in “quick money” movies,

like romantic love stories, to fulfill China’s growing amount of “small town” youths. In addition, China is in demand of large amount of film professionals.
(2)     Firm-specific resources and capabilities: Similar as its contestants, China Film also focused on small-scale movies, and does not show specific resources and

capabilities. According to the article, one of the more successful overseas distributions, a romantic comedy that is basically tastier for Chinese audiences, only made

 

a abroad revenue of $160,000.
(3)    Institutional conditions and transitions: Although China Film has control on all imported films, the firm itself is still supervised by the State

Administration of Press, Publication, Radio, Film and Television (SARFT) in China, the executive council department, who sets rules to censor any materials that offend

the sensibilities of the Chinese government or Chinese cultural standards. The rules are strict,

and in some respects, limited Chinese movies to enter into the global

community.
References
Levin, Ned. (June 18, 2014). Takeaways from China Film’s Prospectus. The Wall Street Journal. Retrieved from http://blogs.wsj.com/moneybeat/2014/06/18/takeaways-from-

china-films-prospectus/?KEYWORDS=china+movie+industry
Wikipedia/China Film Group Corporation. Retrieved July 9,2014 from the Wikipedia: http://en.wikipedia.org/wiki/China_Film_Group_Corporation

 

  

Testimonials

Great Job

Great job! Those were you, guys, who made my coursework perfect in time according to all my requirements. I will...

Best

They look cool and trustworthy enough to me. I gather they made discounts as their prices are quite affordable if...

Best Service

The book review I asked for is so amazing! Endless thanks to your team for completing my review and for...

Mh! not bad…

The worst part ever was to find my deadline postponed for 1 hour ! They couldn`t finish the essay within...

Comes through every time

I have used this website for many times, and each time they found perfect writers for me and they produce...

No Complaints So far Guys

Yeah …I really like all the discounts that they offer, the prices are very flexible. Plus they have different promotions...

CLICK HERE  To order your paper

About Scholarfront Essay writing service

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for upto 20% off in their first Order. Our payment method is safe and secure.

 CLICK HERE to Order Your Assignment

 

ORDER WITH 15% DISCOUNT

Let your paper be done by an expert

Custom Essay Writing Service

Our custom essay writing service has already gained a positive reputation in this business field. Understandably so, all custom papers produced by our academic writers are individually crafted from scratch and written according to all your instructions and requirements. We offer Havard, APA, MLA, or Chicago style papers in more than 70 disciplines. With our writing service, you can get quality custom essays, as well as a dissertation, a research paper, or term papers for an affordable price. Any paper will be written on time for a cheap price.

Professional Essay writing service

When professional help in completing any kind of homework is all you need, scholarfront.com is the right place to get it. We guarantee you help in all kinds of academia, including essay, coursework, research, or term paper help etc., it is no problem for us. With our cheap essay writing service, you can be sure to get credible academic aid for a reasonable price, as the name of our website suggests. For years, we have been providing online custom writing assistance to students from countries all over the world, including the United States, Canada, the United Kingdom, Australia, Italy, New Zealand, China, and Japan.