China
had a quota of 20 foreign films per year. Most of the films were from the
Unites States. Now 14 more IMAX and 3D films will be allowed every year. Also
foreign film companies will be allowed to have a 25% cut of the box office,
which is only 13%-17% now. This will support thousands of jobs related to the
film industry. According to the Motion Picture Association of America, around
2.2 million American jobs are dependent on the film and television
industries. IMAX is also going to bring Chinese films to the U.S. This change
will increase the amount of opportunities for the film companies of China and
America to work together to create more films.
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