From Bloomberg: “China will let foreign investors take stakes in television production companies for the first time, widening access for Viacom Inc., Walt Disney Co. and other media companies in the world’s biggest TV market by viewers.
The new policy, to take effect Nov. 28, will allow foreigners to own as much as 49 percent of entertainment-programming ventures, the State Administration of Radio, Film and Television said on its Web site. Ventures must have minimum paid-up capital of $2 million and use Chinese themes in two-thirds of programs, it said. ”
The full article is here.
UPDATE: BBC’s article on this subject is here.
