Premium
This is an archive article published on November 19, 2004

China eases investment regulations in television

China will allow foreign media companies to take minority stakes in television production ventures, changing the law to widen international ...

.

China will allow foreign media companies to take minority stakes in television production ventures, changing the law to widen international access to the world’s biggest broadcast market by viewer numbers.

The State Administration of Radio, Film and Television announced the change, which will take effect from November 28, on its website, and said foreigners would be allowed to own up to 49 percent of the joint ventures.

But foreign investors, limited to “professional broadcasting companies” would not be able to work without a Chinese partner.

Story continues below this ad

Two-thirds of programmes must use Chinese themes and news programmes remain forbidden.

“It’s not going to change the landscape for us,” said Hong Kong-based Disney official Lucien Harrington. He said the company has long been broadcasting cartoons and other programming on China’s airwaves.

‘‘But anything that makes access easier is welcomed,’’ he added.

China’s strictly controlled television is heavy on patriotic fare, and Beijing has long used the medium as a propaganda organ.

Story continues below this ad

Western media firms such as Viacom Inc, News Corp and Time Warner Inc have been courting Chinese officials for years in efforts to gain footholds in the fast-growing market.

In March, Viacom signed an agreement to produce TV shows in Shanghai. The venture, in which Viacom took a minority stake, was expected to be the first of its kind on the basis of the new law.

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement