China's leading private conglomerate Dalian Wanda Group Co. on Tuesday (September 4, 2012) completed a high-profile acquisition of AMC Entertainment Holdings, Inc., valued at roughly 2.6 billion U.S. dollars, in Los Angeles, California.

Box-office success spurs increase in number of co-productions. The Chinese film industry's top regulator says it will step up controls on international co-productions, saying present rules are being exploited to gain easy entry into China, which may harm the domestic film industry.

The Western film industry is now aggressively pushing beyond the negative portrayals of Chinese people - and even the iconic kung fu roles of Bruce Lee, Jackie Chan and Jet Li - to tap what promises to be one of the world's most lucrative movie markets.

The 69th Venice Film Festival is to kick off on Wednesday. Compared with the previous years, Chinese-language films seem to have dropped out the top clans while the festival strives to reinvent itself with increasing competitions.

Though there was a lack of Asian faces on the big screen a few decades ago, many Chinese people in the film industry have become universal household names, such as Ang Lee and Jacky Chan, to name a few.

Zhang Pimin, deputy head of the State Administration of Radio, Film and Television, said the administration has noticed a tendency in international co-productions that may harm the local film industry. "A complete American story with a small Chinese element and a Chinese actor, and they call it a co-production."

Bona Film Group Limited, a leading film distributor and vertically integrated film company in China, announced the appointment of Dr. Jack Q. Gao, Senior Vice President of News Corporation and Chief Executive Officer of News Corporation's China Investments, to its Board of Directors.