China Is Leaving Hollywood, So Hollywood Needs To Find New Money

The drop-off is dramatic, sudden, and likely soon going to be even steeper: “In 2016, Chinese investment in the U.S. entertainment industry hit $4.78 billion.This year, investments have shrunk to $489 million as of Sept. 30, according to the research firm Rhodium Group. Beijing has tightened control on money leaving the country, fearing that the outflow of capital could weaken its economy.”