Hmmm...this sounds like good news! Apparently, China has stucked a deal with Hollywood studios over films. This also means that more 3D, and IMAX theater could be distributed across China.
Plus, foreign film companies, "...will also be permitted to take a 25% cut of the box office, nearly double the current 13%-17%." [1]
U.S. Vice President Joe Biden is quite optimistic about the news, saying that the deal will help "thousands of American jobs in and around the film industry," [2] to which an estimated 2.2 million Americans have jobs that work around or heavily rely on the film and television industries.
So, more IMAX theaters opening in China, with the Chinese population enjoying our awesome movie formats, equals more job for us American citizens...sounds like a great deal to me :)
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