Skip to content

Are Kung Fu Movies That Popular?

May 22, 2012

The Chinese now want to control 20% of the world’s movie screens.

http://www.statista.com/statistics/188565/north-american-movie-theater-circuits-by-number-of-screens/

So now the Chinese are buying American assets. With a artificially devalued yuan and upward global pressure to adjust the currency to a realistic level, is this the right move for them? I remember when the Japanese yen was at it’s height and the Japanese were purchasing American assets like drunken sailors. You know the rest of that story.

Don’t forget the movie houses have had a difficult few years with declining revenues and the 5 competitive forces furiously at work in this industry.

This acquisition and their strategy from here will be very interesting indeed.

 

 

Advertisements
Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s