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Category Archives: Censorship
Rakeysh Omprakash Mehra: Shyam Benegal committee recommends abolishment of censorship – Times of India
Posted: March 21, 2017 at 11:19 am
Filmmaker Rakeysh Omprakash Mehra said the report submitted to the Information and Broadcasting ministry by Shyam Benegal committee, which was formed to solve the censorship issue, assures that freedom of expression will be 'preserved'.
The panel was set up to take a re-look at the functioning of Central Board of Film Certification, headed by Pahlaj Nihalani.
It includes actor-filmmaker Kamal Haasan, Mehra, adman Piyush Pandey and film scribe Bhawana Somayaa, among others. "What we (the committee) recommended is the immediate abolishment of censorship. There is complete clarity, there are no ifs and buts, there cannot be a scissor anymore in this great country. We need to preserve the freedom of expression," Mehra said.
The Shyam Benegal-headed committee constituted by the I&B ministry had submitted its report last year. Mehra said it is time the country gets rid of 'censorship'.
"Someone asked me what are the issues in front of you. I said we have no issues whatsoever, we have opportunities. I look at abolishing censorship as an opportunity, not as an issue. We have to do it, this generation will have to. Lets give it the next three years and see where we get."
Pahlaj Nihalani repairs leaks
00:59
Ratna Pathak Shah and Naseeruddin Shah during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Rajit Kapur during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Neville Tuli, Shyam Benegal and Naseeruddin Shah during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Dolly Thakore during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Kunal Kapoor during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Filmmaker Shyam Benegal during his 81st birthday celebrations in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Shyam Benegal, Neville Tuli and Naseeruddin Shah during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Naseeruddin Shah during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
A guest during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Naseeruddin Shah during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Ratna Pathak Shah and Naseeruddin Shah during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Neville Tuli and Naseeruddin Shah during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Ratna Pathak Shah during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Neville Tuli during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
Guests during the 81st birthday celebrations of filmmaker Shyam Benegal in Mumbai on December 14, 2015. (Pics: Viral Bhayani)
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Another View: Trump-era PIO censorship – The Saratogian
Posted: at 11:19 am
President Trump has already labeled major press outlets the fake news media and the enemy of the people. His administration has blocked major news outlets from a briefing because it didnt like what they published.
With that in mind, the public should understand censorship by PIO at the federal level: For years, in many federal agencies, staff members have been prohibited from communicating with any journalist without notifying the authorities, usually the public information officers. And they often are unable to talk without PIO guards actively monitoring them.
Now, conversations will be approved or blocked by people appointed by the Trump Administration, some of them political operatives.
The information about the administrative state that impacts our lives constantly is under these controls. They also cover much of the data through which we understand our world and our lives.
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In January, according to the Washington Post: Trump called the governments job numbers phony. What happens now that he is in charge of them?
Some of us may feel less comfortable with Trump people controlling this information flow. But actually a surge in these controls has been building in the federal government and through the U.S. culture for two decades or more.
In many entities, public and private, federal, state, and local those in power decree that no one will talk to journalists without notifying the PIO. Congressional offices even have the restrictions.
They are convenient for bosses. Under that oversight staff people are unlikely to talk about all the stuff thats always there, outside of the official story.
Beyond that, PIOs often monitor the conversations and tell staff people what they may or may not discuss. Frequently agencies and offices delay contacts or block them altogether. An article on the Association of Health Care Journalists website, advising journalists about dealing with the Department of Health and Human Services, says, Reporters rarely get to interview administration officials
Remember, those HHS people journalists cant talk to are at the hub of information flow on what works and doesnt with Obamacare, Medicare, and Medicaid. Or they know whether there are other perspectives on the numbers the agency publishes. Not to speak of the understanding about food and drugs, infectious disease, and medical and health policy research. Many of them could quickly stun us with the education they could give, if they were not gagged.
Another fact that gives pause is these restraints are just for journalists. There are no special rules or offices to stop staff people from having fluid communication with lobbyists, special interest groups, contractors, people with a lot of money, etc.
Fifty-three journalism and open government groups wrote to President Obama asking him to lift the mandate that PIOs be notified of contacts and the related restrictions in federal agencies. We met with people in the White House in 2015 to leave that message for the President. A year ago we pleaded in an editorial that Obama not leave these constraints in place, given the authoritarian rhetoric on the campaign trail and the fact no one can know how these controls will be used in one year or 20 years.
We wonder how former Obama officials feel now about their medications, given that FDA officials cant talk without Trump controls.
But is it ever even rational to just believe staff people who are under such coercion?
Some journalists - given our proclivity for believing we always get the story profess to not be concerned about the PIO controls, saying people on the inside will leak. But do we have any sense of how often that happens? Do we have a 75-percent perspective on an entire agency, or a 2-percent? Nobody leaked when EPA staff people knew that kids in Flint were drinking lead in water or when CDC had sloppy practices in handling bad bugs.
Understandably in shock at President Trumps attacks on the press, some feel these PIO controls are not a primary priority. Actually, this era makes it clearer than ever why we dont need to leave these networks of controls to people in power.
Kathryn Foxhall, currently a freelance reporter, has written on health and health policy in Washington, D.C., for over 40 years, including 14 years as editor of the newspaper of the American Public Health Association. Email her at kfoxhall@verizon.net.
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Malaysian Censor Says Sought 4+ Minutes of ‘Beauty And The Beast’ Cuts – Deadline
Posted: March 19, 2017 at 3:55 pm
Deadline | Malaysian Censor Says Sought 4+ Minutes of 'Beauty And The Beast' Cuts Deadline Disney's Beauty And The Beast is enjoying a fantastic run in its offshore and domestic debut this weekend with full numbers to come later today. As reported last week, the film is not screening in Malaysia after the local censor approved it with what ... 'Beauty and the Beast' Malaysia Ban Is Just the Latest Foreign Censorship Sir Ian McKellen slams censorship of Beauty and the Beast over gay character China declines to censor gay kiss in 'Beauty & the Beast' despite objections |
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Censorship allegation made as Bruce Township officials toss newspaper from hall – The Macomb Daily
Posted: at 3:55 pm
For-profit newspapers have been banned from the Bruce Township hall after action taken by the Board of Trustees Wednesday.
At the center of the action is The Record Newspaper, a Romeo-based publication that began publishing in January 2015.
The topic arose after Treasurer Debbie Obrecht accused Supervisor Richard Cory of throwing away copies on display at the township hall left there by Record Editor and Publisher Larry Sobczak.
The treasurer claimed that coverage critical of Clerk Susan Brockmann led to Corys action.
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Brockmann was arrested on Sept. 11, 2015 at the township hall after setting of an alarm attempting to enter the building at 3 a.m. A Michigan State Police crash report from that night listed her blood alcohol content at .20, more than double the level of intoxication in Michigan and above the .17 super drunk standard.
I think it is censoring the press, Obrecht told the board. We may or may not like stories that appear, but the idea is that it does benefit the community overall.
Cory denied that he removed the newspapers.
I dont know of anyone throwing them out. This has turned into a political thing for you, Cory told Obrecht. There are articles in there that you want people to read.
Sobczak said that he has been leaving a few copies of The Record at the township hall since December of 2015.
Cory said the Treasurer gave away copies of The Record to residents coming into her office for them to read articles relating to Brockmanns arrest, which is being adjudicated through the 42-2 District Court in New Baltimore. Sobczak said that he never told Obrecht to personally distribute The Record, but stands by her right to do so.
It is her First Amendment right to pass out whatever she wants, he said.
Treasurer Paul Okoniewski backed up the supervisors claim.
Should we talk about the email I got from a resident citing you for handing them (newspapers) out while people were paying their taxes? Okoniewski asked Obrecht. The person sent an email to the board asking you to cease and desist.
That is absolutely untrue, Obrecht quickly responded.
Brockmann did not acknowledge articles written about her were the issue with The Record, it was their inaccurate reporting of other stories in the past.
He (Sobczak) doesnt report the news, said Brockmann. I dont think that is the kind of journalism we want in this township.
Obrecht said that if Cory could be handing out materials advocating for Greater Romeo-Washington Chamber of Commerce businesses, then The Record should also be available to the public at the township hall along with publications such as Macomb Now.Magazine.
The Chamber and the Macomb Now are not causing the problems in this building, The Record is causing the problems, Cory told Obrecht. You are only doing this for one reason, because you dont like somebody in this building.
You are wrong, Obrecht replied.
Okoniewski offered a motion not to provide any for-profit newspapers in the hallway at the township hall.
The motion passed 4-1 with Obrecht as the lone opposition vote.
They are stomping on the peoples right to free speech and freedom of the press, Sobczak said. I hope he board gains some wisdom and rescinds their motion.
The Record Publisher said that he has spoken with Cory since the meeting, but the two did not come up with a solution to getting the newspaper back into the township hall.
Michigan State Police (MSP) responded to an alarm at the Bruce Township Hall at 3:00 a.m. on Sept. 11 for a possible breaking and entering incident.
According to an MSP crash report from that night, Brockmann backed her Jeep Commander into the responding vehicle of Trooper Roger Haddad. The damage was listed in the report as minor.
Brockmann was then taken into custody and transported to the Chesterfield Police Department for booking and a chemical test on the charge of operating a motor vehicle while intoxicated (OWI) with a high blood alcohol content. She was released on $100 bond.
Brockman is due back in Chesterfield Township district court March 22.
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People can call us stupid, M’sia’s censorship board chair says amid ‘Beauty’ censorship – TODAYonline
Posted: at 3:55 pm
KUALA LUMPUR Malaysias Film Censorship Board (LPF) said it could not ignore rules on editing movie scenes, especially those with LGBT (lesbian, gay, bisexual and transgender) elements.
LPF chairman Abdul Halim Abdul Hamid told the Sunday (March 19) edition of local New Straits Times that Malaysia does not recognise the LGBT ideology and thus had to propose cuts of four minutes and 38 seconds long in the highly-anticipated Disneys live remake of Beauty and the Beast.
If we let these scenes go, people will wonder if Malaysia recognised LGBT.
People can call us stupid or ignorant for the censorship we have imposed. I can accept it, but I dont have to respond to it, he was quoted as saying in the New Sunday Times.
Mr Abdul Halim explained that three parts from the movies were deemed as inappropriate for Malaysian audience.
The first is during the performance of a song, where a male character (Le Fou) hugs the other (Gaston) from behind.
Second is the suggestive song lyrics with sexual innuendoes, he was quoted as saying.
As for the third scene that ostensibly takes place at the end of the movie, the report said it could not be mentioned for spoiler reasons.
Mr Abdul Halim reportedly said that LPF could have allowed the film with minor cuts if film director Bill Condon had not announced that the movie contained a first exclusively gay moment.
We could have let it go with potentially minor cut and this whole thing would not have become an issue.
But the moment the gay element is thrown into the mix, we had to protect ourselves, so what was initially three second, has become more than four minutes, he was quoted as saying.
Homosexuality is not illegal per se in Malaysia, but the country heavily criminalises sodomy that is punishable with imprisonment, corporal punishment and fines.
He attributed the uproar over LPFs decision as a natural knee-jerk reaction.
On our part, we have a job to do and we cant make mistakes. If there is a public outcry when the movie is released, we will have to bear the consequences, he was quoted as saying.
On allowing gorier and supposedly violent movies like Deadpool and Logan with 18-above classification, Mr Abdul Halim said this showed that LPF has depicted a more lenient stand on editing these days.
For horror movies, he said so long a movie does not use Quranic verses for the wrong reasons, such as bringing back dead people or communicating with the dead, it will be allowed.
These guidelines are issued by Jakim (Islamic Development Department). If none of these elements are present, then we will consider them as fantasy, he was quoted as saying.
On censorship, Abdul Halim said LPF was only tasked to notify local distributors of the scenes needed to be censored, adding that the film studios will then edit the movies themselves.
He added that film distributors and producers could then appeal against the decision with the Film Appeals Committee.
In the case of Beauty and the Beast, Disney Malaysia has reportedly submitted the film for an appeal to overturn LPFs decision.
The news report said that the censor board had banned 10 movies last year and 11 in 2015 because they contained sex scenes, obscene utterances, and excessive violence as well as scenes that touched on political, religious and cultural sensitivities. MALAY MAIL ONLINE
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People can call us stupid, M'sia's censorship board chair says amid 'Beauty' censorship - TODAYonline
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Michael Rosenthal’s Barney: Fighting censorship – Hudson Valley One
Posted: at 3:55 pm
Barney Rosset, the spirited subject of Michael Rosenthals new biography,Barney: Grove Press and Barney Rosset, Americas Maverick Publisher and His Battle against Censorship which will be the subject of a reading and book signing event at 4 p.m. Saturday, March 18at the Golden Notebook, 29 Tinker Street, Woodstock seems to have made only one key trip to Woodstock in his lifetime. That was in summer of 1951 when he headed here to buy half of the fledgling publishing company hed make his name with from Robert Phelps for $1500. Within weeks hed bought the other half and, while simultaneously studying at the New School, began a career.
Which isnt to suggest that Rossets ties to Woodstock ended there. Consider the nature of what this mischievous Chicago native, who based himself in the Hamptons for decades, created and eventually lost at Grove and its offshoots Evergreen magazine and Grove Press Films. He was the guy who brought Beckett and Gide, Robbe-Grillet and the Beats to mass markets. His taking on the nations once-strict censorship laws on behalf of D.H. LawrencesLady Chatterleys Lover, Henry MillersTropic of Cancer, and William BurroughsNaked Lunchcost him years and fortunes, but also ended all such fights against books while also earning him huge profits for a small, idiosyncratic indie publishing firm. Evergreen, during its short but noteworthy run, premiered Sartre and Camus essays, Albee plays, and Che Guevaras deathbed diaries alongside nudie photos and the first underground comics. Rossets distribution ofI Am Curious (Yellow)broke down screen taboos against nudity, opening the floodgates for the New American Cinema (while also, according to Rosenthal, sounding the death knell for a burgeoning foreign art film cinema in the U.S.).
Barney Rosset was born and raised during a time where liberal, and even socialist or communist, was not a bad word. He came out of a Chicago known for its art and progressivism; worked in the Army during a war that championed democratic values over bullying fascism. And he found his way with the help of a family fortune small enough to have limits yet big enough to allow him a bit of playing. He flourished at a time when literature and the arts in general, alongside science and philosophy, were as respected as business acumen. It was a brief era when you could sell hundreds of thousands of copies of edgy books such asThe Autobiography of Malcolm Xor the early self-help pioneerGames People Play, or push anti-colonial theses into the nations classrooms with ease.
It was what led to a wave of well-to-do, hard-charging New Yorkers finding ways to set up alternative lives outside of their city, in a Quonset hut in East Hampton as Rosset did, or upstate as many others (including his fellow Chicagoan Albert Grossman) would do. Which in turn led to a bettering of circumstances for creators of all stripes, even without the incomes a Rosset and his peers could boast.
Rosenthal, who splits time between NYC and Woodland Valley outside Phoenicia, is expert at zooming in on the societal elements that make Barney Rosset and Grove Press story important. We get the crusading free speech battles, the confident manner in which our best and brightest business folks were once able to push their own tastes on a culture not yet fully enamored with bottom lines and prurient mass tastes, and what life during the Great Society final years of progressivisms golden age could be like, from all-day rum and cokes to open sexuality.
But Rosenthal, while never supplying the novelistic touches many readers have come to expect from these life and times style biographies, is also pitch-perfect at demonstrating the underbelly of Rosset and Groves success, as well as that of the entire 1960s. Publication of works by Che and Castro lead to someones shooting of a missile into the publishers offices (no one was hurt), which much later leads to his paranoia about having been targeted by the CIAwhich even later proves to be partly true. The mans fondness for women and open sexuality, rushes through a slew of marriages (including his first to noted Abstract Expressionist painter Joan Mitchell) to distanced kids and eventual charges of misogyny that led, in combination with his employees wish for better terms, to union pressures and a much-publicized labor battle. Moreover, Groves very success pushed Rosset to overestimate his own prowess as a tastemaker and business force, which led to over-expansion and the loss of his business first to the Getty family, and later to Atlantic Press (where it still hobbles on).
Barney: Grove Press and Barney Rosset, Americas Maverick Publisher and His Battle against Censorshipis much more than a local interest book, although its local connections are still strong (including its editor, Nick Lyons). Its a book for book lovers, culture mavens, and all who still harbor interest in the 1960s and how we got to where we all are now from where we thought we were then.
Michael Rosenthal, also known for his years as a professor at Columbia University, reads from and signs copy of this fun and deep book at Golden Notebook, 29 Tinker Street in Woodstock, at4 p.m.onSaturday, March 18. Seewww.goldennotebook.comfor further information
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China blocks Pinterest: censorship watchdogs – Phys.Org
Posted: at 3:55 pm
March 17, 2017 Image-curation website Pinterest has become the latest social media service blocked in China, watchdogs say
Image-curation website Pinterest has become the latest social media service blocked in China, checks on censorship monitoring websites indicated Friday.
According to greatfire.org and blockedinchina.net, the popular virtual bulletin board service has been unavailable in mainland China since last Thursday.
The San Francisco-headquartered service joins rival photo-sharing firm Instagramwhich has a much larger user baseas well as Twitter and Facebook on the list of social media platforms inaccessible in mainland China.
The ruling Communist party restricts access to many foreign websites including Google, with a vast network of controls dubbed the Great Firewall of China.
While China user numbers are not available, Pinterest is a hit particularly among women, who tend to pin images about non-political subjects such as food, fashion and travel.
However, some Pinterest users maintain public boards on subjects that are deemed politically sensitive in Chinasuch as human rights issues.
There is a Pinterest board devoted to jailed dissident Liu Xiaobo, for example, and another on the Senkakus, an archipelago controlled by Japan, which China claims as the Diaoyus.
"It will be very hard to do my homework later because I had collected the works of a designer there," a student wrote on Weibo, China's native version of Twitter.
Another Weibo user, who described herself as an e-commerce designer, wrote that Pinterest was a key tool in her job and it will be "hard to work effectively without it".
A 2015 report by US think tank Freedom House found that China had the most restrictive Internet policies of 65 countries it studied, ranking below Iran and Syria.
China is home to the world's largest number of internet users731 million as of Decemberthe government-linked China Internet Network Information Center said in January.
Explore further: China cracks down on bids to bypass online censorship
2017 AFP
China has announced a 14-month campaign to "clean up" internet service providers and crack down on devices such as virtual private networks (VPNs) used to evade strict censorship.
The number of Internet users in China has risen to nearly 650 million, authorities said over the weekend, as the world's largest online population continues to rise.
The number of web users in China has surged to 618 million, a government agency said Thursday, underscoring the rapid growth of online connectivity in the country with the world's largest Internet population.
App stores in China must register with the state from Monday, a government statement said, as China tightens its control over the internet.
Pinterest on Thursday announced that the number of monthly users soared in the past year to top 150 million, with most of that growth coming from outside the United States.
Reuters news websites were inaccessible in China on Friday, the latest Western news organisation to be blocked in a country where censors keep a tight grip over information.
An Ohio man claimed he was forced into a hasty window escape when his house caught fire last year. His pacemaker data obtained by police showed otherwise, and he was charged with arson and insurance fraud.
A team of surgeons and engineers of Inselspital, Bern University Hospital, and the ARTORG Center for Biomedical Engineering Research, University of Bern (Switzerland), have developed a high-precision surgical robot for cochlear ...
A group of Swedish university students that raised 1.2 million euros ($1.3 million) in crowdfunding for their startup to build electric cars has caught the attention of German industrial heavyweight Siemens.
Researchers at ETH Zurich and IBM Research Zurich have built a tiny redox flow battery. This means that future computer chip stacksin which individual chips are stacked like pancakes to save space and energycould be ...
A computer security firm on Wednesday revealed a flaw that could let hackers break into WhatsApp or Telegram messaging accounts using the very encryption intended to protect messages.
Computer chip maker Intel paid handsomely for a piece of the next big thing Monday as it offered more than $15 billion for Mobileye, an Israeli company at the forefront of autonomous vehicle technology.
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Disney Says It Won’t Edit ‘Beauty and the Beast’ for Malaysian Censors – New York Times
Posted: at 3:55 pm
RT | Disney Says It Won't Edit 'Beauty and the Beast' for Malaysian Censors New York Times Abdul Halim Abdul Hamid, chairman of the censorship board, argued Wednesday that Malaysia was not preventing the movie from being screened. It is in our guidelines that we don't allow L.G.B.T. activity in movies in Malaysia, he said in an interview. 'Gay moment' censorship sees Disney drop Malaysian release of 'Beauty & The Beast' Disney Refuses to Censor 'Beauty and the Beast' 'Gay Moment' for Malaysia Disney Defies Malaysia Censors, Won't Cut 'Beauty and the Beast' Gay Moment |
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CFIUS and Censorship Aren’t the Only Threats to China, US M&A – TheStreet.com
Posted: at 3:55 pm
On Nov. 4 when China's Dalian Wanda Groupannouncedit would shell out $1 billion to acquire Dick Clark Productions, the real estate conglomerate thought it had just landed another marquee entertainment company forits growing coffer of U.S. assets that already includes cinema operator AMC Entertainment Holdings (AMC) and film-production company Legendary Entertainment.
But bubbling under the surface of the deal for theAmerican Idol producer was concerns from investors, regulators and entertainment executives in the U.S. and abroad about the deal's viability. Specifically from the typical CFIUS or censorship concerns that normally occur when Chinese buyers target U.S. companies.
"Most of the leaders of China's entertainment industry are here in Los Angeles this week, and there are discussions between them about the concerns in Washington," Rob Cain, a Los Angeles-based film producer and entertainment-industry consultant to Hollywood studios operating in China, told the Wall Street Journal at the time.
And those concerns have proven well-founded, because on March 10, Eldridge Industries, which owns the production studio, said that it had terminated the deal after Beijing-based Wanda "failed to honor its contractual obligations."
But the collapse of Dalian Wanda's $1 billion deal to buy Dick Clark Productions could actually signal a future where U.S.-China deals are increasingly difficult to consummate. And that's because of concerns about the outflow of cash from mainland China overseas.
"It is very likely that 2017 will represent a very difficult year for any outbound China deals to get done. This is due almost exclusively to the increased capital controls," said Christopher Balding, associate professor of finance and economics at the HSBC Business School of Peking University Graduate School. "Beijing has simply been cracking down on capital leaving China so that even many non-investment currency transactions are unable to obtain clearance for international transactions of any kind."
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CFIUS and Censorship Aren't the Only Threats to China, US M&A - TheStreet.com
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CFIUS and Censorship Aren’t the Only Threats to China, U.S. M&A … – TheStreet.com
Posted: at 3:55 pm
On Nov. 4 when China's Dalian Wanda Groupannouncedit would shell out $1 billion to acquire Dick Clark Productions, the real estate conglomerate thought it had just landed another marquee entertainment company forits growing coffer of U.S. assets that already includes cinema operator AMC Entertainment Holdings (AMC) and film-production company Legendary Entertainment.
But bubbling under the surface of the deal for theAmerican Idol producer was concerns from investors, regulators and entertainment executives in the U.S. and abroad about the deal's viability. Specifically from the typical CFIUS or censorship concerns that normally occur when Chinese buyers target U.S. companies.
"Most of the leaders of China's entertainment industry are here in Los Angeles this week, and there are discussions between them about the concerns in Washington," Rob Cain, a Los Angeles-based film producer and entertainment-industry consultant to Hollywood studios operating in China, told the Wall Street Journal at the time.
And those concerns have proven well-founded, because on March 10, Eldridge Industries, which owns the production studio, said that it had terminated the deal after Beijing-based Wanda "failed to honor its contractual obligations."
But the collapse of Dalian Wanda's $1 billion deal to buy Dick Clark Productions could actually signal a future where U.S.-China deals are increasingly difficult to consummate. And that's because of concerns about the outflow of cash from mainland China overseas.
"It is very likely that 2017 will represent a very difficult year for any outbound China deals to get done. This is due almost exclusively to the increased capital controls," said Christopher Balding, associate professor of finance and economics at the HSBC Business School of Peking University Graduate School. "Beijing has simply been cracking down on capital leaving China so that even many non-investment currency transactions are unable to obtain clearance for international transactions of any kind."
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CFIUS and Censorship Aren't the Only Threats to China, U.S. M&A ... - TheStreet.com
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