foreign investment in media

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Me and My Censor

At Foreign Policy, Eveline Chao recalls working with a censor as an English-language magazine editor in Beijing: Our censor, an employee of MOFCOMM, was a nervous, flighty woman in her forties with long, frizzy hair and a high,...

South Africa’s Naspers to take 40pc of Beijing Media issue

From The Standard: “Beijing Media Corp (BMC), the advertising sales unit of Beijing Youth Daily, the mainland’s second largest newspaper in terms of advertising revenue, has attracted the backing of South African media group Naspers, which will subscribe to about 40 per cent of BMC’s HK$905 million initial public offering (IPO).” Thanks to Danwei for […]

China’s fundamental telecom opens up to the outside world

From the China Economy Net: “Telecommunications industry is generally regarded as the trade with national strategic interests by many countries. China is no exception. China has a very clear-cut plan to develop or open telecom industry under its WTO project. But multinationals still have to take a rather cautious attitude and do relevant observations before […]

Mainland sends foreign media a welcoming message

From the South China Morning Post, via China Study Group: “The mainland has invited a group of domestic and foreign media companies to form a board to advise the government on how capital markets can help modernise the industry. The board, which will include Viacom chairman Sumner Redstone and the heads of media companies from […]

Foreign Media in Scramble for China Pay TV Tie-Ups

Foreign TV companies, including HBO, Nickelodeon and National Geographic, are moving quickly to take advantage of new relaxed rules in China allowing foreign investment in content production: “Most of the partnerships are seizing on new rules that go into effect next week allowing foreign firms to own up to 49 percent of joint ventures engaged […]

Gov’t to allow Disney and others to invest in Chinese TV

Another story on new rules governing foreign ownership of TV stations, from the Malaysia Star today: Beginning Nov. 28, foreign companies will be allowed to own up to 49% of Chinese TV firms, provided they use “China themes” in two-thirds of their programming. The worlds largest television audience will welcome overseas giants like Viacom, Disney […]

Film industry expects big action

This article from China Daily gave more information about the new rules regarding foreign investment in Chinese media: “Warner (China) also revealed that the joint venture will make two to three movies and one TV series every year for the next five years. The production company will mainly produce Chinese language movies and TV series. […]

China Unveils Rules on Foreign Investment in Media

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 […]

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