27 November 2012 11:00 PM, PST | Deadline TV | See recent Deadline TV news »

Chinese Studios Seek IPOs China Film Co. and Shanghai Film Group Co. have both applied to the Chinese regulatory commission seeking listings on the Shanghai stock exchange. There were no financial or timing details disclosed, The Wall Street Journal reports. As the business booms in China, IPOs would allow both companies to raise funds for producing the kinds of big-budget films that Chinese audiences gravitate toward. China Film was behind last year’s local hit Flying Swords Of Dragon Gate and 2010’s Let The Bullets Fly which was that year’s top grossing domestic pic. Shanghai Film’s Aftershock was a hit documentary in 2010. Chinese audiences are big consumers of Hollywood blockbusters but the market share for local pics dropped 4.3% in the first half of this year. Sarft vice-minister Tian Jin recently said increasing the number of foreign films into China has “shaken” the local business and “posed pressure and »

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