China Film Group
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| State-run film distributor, production company | |
| Industry | Cinema |
| Founded | February 1999 |
| Headquarters | Beijing, China |
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Key people
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Han Sanping, Zhang Qiang |
| Products | film |
| Website | www.zgdygf.com |
China Film Group Corporation (Chinese: 中国电影集团公司; pinyin: Zhōngguó diànyǐng jítuán gōngsī), abbreviated as CFGC, is the largest and most influential state-owned film enterprise in the People's Republic of China. According to Forbes it is a state monopoly that all imported films have to work with. It also runs theaters and finances, produces, and distributes films. In 2014, the company was the largest film distributor in China, with 32.8% of the market.
The predecessor China Film Corporation was established in 1949. In 1999, it became the conglomerate China Film Group Corporation built to develop and distribute films in the Chinese industry. It is also the only importer of foreign films in China and a major exporter of Chinese films.
China Film Group is involved in a variety of businesses which include film and television production, film distribution and exhibition, film importation and exportation, cinema circuit management, digital cinema construction, print developing and processing, film equipment management, film and TV CD production, ancillary products, advertising, property management as well as real estate. China Film group partnered with Crest Digital in 2007, building a 15,000 square meter state-of-the-art DVD and CD manufacturing facility outside Beijing.
Along with the China Research Institute of Film Science & Technology, the group created DMAX, a large-screen film format developed to break IMAX's large-screen monopoly in China.
For over a decade, China Film Group's subsidiary, China Film Import & Export Corporation, has been the sole government-authorized importer of films. Another CFG subsidiary, China Film Co-production Corporation, is charged by the SARFT to oversee and manage all -foreign co-productions.
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Wikipedia