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FBN’s Dennis Kneale on Disney’s deal with China’s DMG Entertainment for the latest installment of its “Iron Man” franchise.
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Picking up the chopsticks yes teaming up with China Disney's got a new deal for its Iron Man franchise.
That it hopes will lead to -- strong ticket sales Denis -- is here with more hi Dennis.
I live as you know what did he taken a great leap forward in China had juicy stake in one of -- hottest franchises.
-- -- -- -- DMDs gonna hold exclusive distribution rights for the entire Chinese market.
That which may sound like opening up a new movie theater and -- Tony Soprano to be your partner.
But Disney has good reasons business wise for doing so it is the latest effort by the magic kingdom.
To cozy up to the middle kingdom that's -- -- -- trying to get itself over 2000 years ago because.
Even then it saw itself as being at the center of the world -- 200 million dollars to make.
Last month did he struck a deal to help the Chinese Government -- local Internet firm didn't animation.
Last year did he won approval to build -- Newport half billion dollar theme park in Shanghai and resort with a local partner for 57 -- -- -- by government.
Monopoly film importer so DMG can help China.
But you know dizzy with the Chinese censors plus -- -- -- only two point foreign films a year that was just lifted a 34 films just last month DMG.
Let's did he sidestepped that cap entirely.
The Iron -- deal comes at a critical moment though that good China movie business has grown by double digits every year for ten years it yet again second largest -- market in the world surpassing.
It two billion dollars last year up 35% a -- year and while the US that's four times as many movie screens that China.
Chinese are putting up seven -- screens every single day.
You ain't seen nothing yet who has.
-- DreamWorks was already on this party train like four months ago.
Yeah actually they came out there and a new rate animation deal themselves over -- -- -- studio and -- on China as the hot place Disney stock down just slightly by the way today Dennis good to see.
