Film fund eases distributors vs. theaters dispute

China's film authorities announced yesterday that they will reward subsidies to film companies and theaters; good news for those involved in the ongoing dispute of whether or not to raise profit shares for distributors.

Last week, five of China's most powerful film distribution and production companies collectively asked to raise their shares in the box-office revenues from the current 43 percent to 45 percent. However, many theater chains were angered by this sudden demand and opted to fight back, denying the demand and calling film companies "rude." But according to media reports, one dozen theaters chains have now compromised. Negotiations are still ongoing.

However, the National Film Development Funds Management Committee (NFDFMC) issued four notices to all relevant parties yesterday afternoon, stating they will reward both production companies and theaters in various forms.

The first notice said they will reward 3D and IMAX films. If any domestic 3D film (without other formats available) grosses 50 million (US$8.02 million) - 100 million yuan (US$16.05 million), the committee will reward its production company 1 million yuan (US$160,573); if the box office gross is between 100 million - 300 million (US$48.17 million), the reward is 2 million (US$321,146); at 300 million - 500 million (US$80.28 million), the reward is 5 million (US$802,865); and if the box office gross surpasses 500 million, then the reward will be 10 million (US$1.6 million).

If any domestic IMAX film (without other formats available) grosses 25 million (US$4 million) - 100 million, the reward is 1 million yuan; if the gross is over 100 million, the reward standards are the same as the abovementioned ones for 3D productions.

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