by Wu Yiyao and Yu Ran.
Weak IPR protection, lack of communication between investors and filmmakers cited as barriers to success.
Despite rapid growth, the Chinese film industry still faces some nagging problems that industry experts say must be resolved before it moves on to the next level of its development.
Zhang Tian, the general manager of Shanghai’s Culture Assets and Equity Exchange – the first pilot program backed by the central government for cultural enterprises to trade copyrights and equities – told a film and TV finance workshop this week that inadequacies in intellectual property right protection, in particular, have continued to cloud the industry.
What’s more, Zhang said the lack of a formal channel for closer communication between filmmakers and investors has blocked the flow of investment money into the industry.
“More financing products, tools, and trading measures would help investors and film makers to make better use of various resources, and the exploration of further financing models would benefit the industry in the long run,” added Zhang.
These issues aside, however, China’s film-making market has been growing fast since 2010.
Read the rest of this article from China Daily.