China has agreed to lift some of its restrictions on US-made films in a landmark deal that will boost Hollywood’s efforts to expand in the world’s fastest- growing media market.
Beijing caps the number of foreign films it allows to be screened in its cinemas at 20, but has agreed to exempt from the quota an extra 14 “premium format films”, shot in 3D or using the big-screen Imax format.
The move was immediately welcomed by Hollywood studios.
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