p2pnet.net News:- Warner Bros says it’s had it up to there with China.

The authorities say Warner can’t have a controlling interest in Chinese movie theatres, so Warner is hitting the road.

“The company currently holds a controlling stake in three multiplex theaters and in two others under construction,” says IMDb.

“It had also been planning to open a huge complex in Shanghai.”

Oh dear.

But, “new regulations left it with ‘no other options than to stop its investments in cinemas in the [Chinese] market’,” it declares, says the story, quoting The Los Angeles Times as commenting that the decision, “underscores Hollywood’s frustrations operating in China”.

Also See:
IMDb - Warner Bros. Withdrawing From Theater Biz in China, November 9, 2006

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This entry was posted on Friday, November 10th, 2006 at 2:56 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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