The spectacular leap in earnings -- with total revenue rising by 28 percent and takings from homegrown films by 14 percent -- showcase the “potential and hope” of the country’s film industry.
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The year 2012 has been a tumultuous one for China's film industry. It started with doom and gloom as the government took the abrupt action to open the market in February by raising the import quota from 20 to 34.
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Wanda has proved its foresight in the cultural sector by its success in film industry since it entered the business seven years ago. At present, its cinema line is the most powerful among Chinese film exhibitors.
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'The Expendables 3′ is in the works. We’re still awaiting word of the ‘Expendables 3′ director but John Woo, who at one point was unquestionably the most exciting conductor of action, says he “will do it".
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This was a year of massive victories and horrendous defeats. Science fiction and fantasy rocked pop culture like never before, but that just meant the stakes were higher and the lessons were harsher.
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