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Are Kung Fu Movies That Popular?

May 22, 2012

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



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