Foreigners Can Invest In Chinese TV Prod'n Firms

China will allow foreign investors to buy stakes in television production companies, a move that will give them wider access to the world's largest TV market.

HONG KONG (The Hollywood Reporter) -- China will allow foreign investors to buy stakes in television production companies, a move that will give them wider access to the world's largest TV market.

The change in regulations, effective Nov. 28, allows foreign companies to own as much as 49% of companies that produce programs such as dramas and cartoons, according to a report issued by the state-owned Xinhua News Agency.

But foreign media companies will not be allowed to make news programs, Xinhua said, quoting regulations promulgated recently by the State Administration of Radio, Film and Television.

While the foreign companies will have better access to the industry, they still face other restrictions in terms of the content of the programs the joint ventures can produce. According to the report, two-thirds of the programs of the joint-venture production companies must use Chinese themes.

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