💨 Abstract

China has announced it will restrict imports of Hollywood films as retaliation for US tariffs on Chinese goods. This move is expected to have minimal financial impact as Hollywood's box office returns in China have declined significantly in recent years, due to the rise of domestic Chinese movies. Hollywood films account for only 5% of overall box office receipts in China, with Hollywood studios receiving just 25% of ticket sales.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖