Murdoch urges China to open up film market

By Associated Press Published: Jun 12, 2011 at 12:44 PM PDT

Rupert Murdoch, right, and his wife Wendi Deng, left, walk the red carpet prior to the opening ceremony of the Shanghai International Film Festival.

SHANGHAI (AP) - Hoping that the record-breaking Chinese revenues from "Avatar" can be replicated many times over, Rupert Murdoch has urged Beijing to further open up its movie market at the country's leading international film festival.

Murdoch and his Chinese-born wife, Wendi Deng, walked the red carpet at the Shanghai International Film Festival's opening ceremony Saturday alongside Hollywood stars including Susan Sarandon and Matt Dillon. A day later, pageantry gave away to tough talk.

Speaking before a panel discussion on film finance attended by a top Chinese film regulator, the Australian-born media mogul said Sunday that "the promise" of China's huge investment in screen infrastructure "has not been fully realized because market access remains so restricted."

Source: http://www.katu.com/news/business/123716299.html

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