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Transcript

00:00:00
>>
SOUND] I
scored around $66 million in it's first weekend in China. The Great Wall starring Matt Damon has all the hallmarks of a blockbuster. It was also made in China which means it isn't subject to Beijing strict foreign film quotas. Hollywood studios are now watching to see if Universals big investment pays off.
00:00:21
But there's reason to be cautious. Growth at China's Box Office isn't what it used to be. Ticket sales through November up just 4% compared to 50% in 2015. Reuters', Adam Jourdan, explains the reasons for the slow down.>> The one has been crackdown on ticket fraud and subsidies by film producers here who use to pop up the market and giving away ticket sort of cut price deals.
00:00:45
But we also seen potentially not slit on the economy of people reigning in that spending and tighting their belts. People watching the films are increasingly online which is means less people are going to see the silver screen.>> China has quickly moved from a big screen backwater to one of Hollywood's hottest markets.
00:01:01
Expert say ticket sales will overtake the US within the next few years. And that's got big investors from both countries scrambling to cash in.>> And we know pila Alibaba tying up with Steven Spielberg's group early in the year. We saw a couple company buying into the producer behind The Hurt Locker and Dallas Buyers Club.
00:01:21
Some strain and some major tie ups between the two countries. It is yet to be seen if that will continue into 2017. Given this slowdown in box office, the big question on everyone's lips, both in China and in Hollywood, is what's going to happen next year.>> One big wildcard to watch for 2017, Donald Trump.
00:01:38
Analysts say if relations between Washington and Beijing get any worse, China's sensors may decide to allow fewer American films to show on Chinese screens when they meet to review the quotas next year.