China Film Group Corporation (CFGC) is a Chinese film production and distribution company. It is the largest,[1] most influential film enterprise in the country, owned by the Central Publicity Department of the Chinese Communist Party. According to Forbes, it is a state monopoly, producing and distributing films while also regulating all imported films.[2] In 2014, the company was the largest film distributor in China, with 32.8% of the market.[3]
History
The predecessor China Film Corporation was established in 1949. For 40 years until the end of 1992, China Film Import & Export Corporation was the only film buyer and distributor in China. From 1 January 1993, 16 other Chinese film studios became responsible for distributing their own films.[4] In March 1994, China Film announced that it was willing to enter into revenue sharing deals with foreign distributors rather than buying a limited number of foreign films for a low, flat fee.