Chinese comedies have raked in the most money during the Spring Festival holiday, beating foreign rivals like the Hollywood blockbuster Cloud Atlas.
Ticket sales for imported movies to China totaled 8.8 billion yuan, or 51.54 percent of gross ticket revenue, ending domestic films' dominance at the box office.
Chinese audiences are demanding a greater number of dubbed foreign films at their local cinemas, but the domestic industry faces unpredecented problems.
Two State-owned film conglomerates have entered the final preparation period before launching planned initial public offerings.
Chinese film authorities are financially aiding domestic theaters and films to help the local industry better cope with stiff competition from Hollywood.
Huayi Brothers Media Group had acquired a 9 percent stake in digital cinema equipment and solution provider GDC Technology Ltd for $20.92 million.
International investors are allowed to open cinemas in China through joint ventures with local partners. They showed remarkable performance in certain cities.
The latest salvo from the distribution/production arm of the nation's film industry reflects an ongoing fight among forces craving for a bigger piece of the growing pie that is China's box-office bonanza.
The fierce competition from foreign films means only the fittest can survive in the market. Chinese filmmakers should face up to the challenge and make breakthroughs in their field.
The increasing number of imported movies into the country is putting pressure on the Chinese film industry.
Hong Kong director Johnnie To's latest film Drug War has entered the competition section of the 7th International Rome Film Festival, including mainlander Feng Xiaogang's Back to 1942.
Tang Jie, a 22-year-old student has finished five "micro films" along with nine schoolmates over the past two years, simply relying on a digital camera and a voice recorder.
Experts and scholars gathered at Beijing's Peking University Saturday for a two-day discussion on the impact of movies on China's cultural industry.
An international festival of micro films by college students will take place in Beijing in October.
Experts are calling for a lifting of the restrictions that controlling how many movies can be imported into the country during the summer.
Few can imagine spending more than 18 million yuan on certain short publicity films. But that is what the Ministry of Railways has done.
China's domestic film industry has hit a five-year low despite robust growth in box office sales in the first half of this year.
Domestic movies did not fare well in the first half of the year, but imported blockbusters helped drive the entire market.
Hong Kong launched new initiatives to help the city's film industry groom talent and tap the Cantonese market in neighboring province of Guangdong.
A film studio in East China's Jiangsu province will spend 10 billion yuan ($1.57 billion) on developing a national digital film industrial park to produce Chinese cinema.
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