Looks like it is safe to rule out the deal being financially driven. Could Wanda be planning a strategic move? The term "strategic investment" has been overused to justify many a poor investment decision. But occasionally an investment generates synergies that go beyond a direct cashflow analysis.

The State Administration of Radio, Film and Television has denied an application by a local director to shoot a Chinese remake of Pixar's Wall-E because the film did not sell the legal rights to the director, according to insiders.

Chinese exhibitor Omnijoi Cinema Development has inked its third deal with the giant screen exhibitor in the last two years, this time for five more digital screens.

Most of the time, they are dreaming of that life-changing call from directors. This demographic of striving actors, also called figurants, are largely faces in the background, actors and actresses who have no spoken parts.

They’re not content to simply sell Chinese movies to foreign territories, but also want to work with Hollywood to create English-language product for the global marketplace.

New Zealand and Chinese animators are to collaborate in tackling the international film and television markets after signing an agreement Wednesday to set up an "international animation technology joint research center."

Chinese director Jiang Wen is talking to Hollywood about co-producing the sequel to his 2010 box office smash "Let the Bullets Fly," and will visit the US to see potential partners next month.