Chinese film market will surpass Hollywood in ten years—Ang Lee | Inquirer Entertainment
Close  

Chinese film market will surpass Hollywood in ten years—Ang Lee

/ 07:11 PM November 12, 2013

Director Ang Lee FILE PHOTO

TAIPEI—Oscar-winning director Ang Lee on Tuesday said that Chinese-language cinema could earn more revenue than Hollywood in ten years’ time and does not need to broaden its appeal.

Speaking ahead of the Golden Horse Film Awards in Taiwan, Lee said: “(The) Chinese-speaking group is probably four times more than English-speaking people.

ADVERTISEMENT

“So I think as long as we are influential in the Chinese-speaking world, I think we will prevail, we will ripple out.”

The 50th edition of the prestigious award ceremony, seen as the Chinese-language equivalent of the Oscars, will take place on November 23 in Taipei.

FEATURED STORIES

Taiwan-born Lee, who will this year chair the jury for the festival, added: “I think in ten years’ of time maybe our market will be bigger than the Hollywood market. Things will come naturally.

“It’s important that we keep doing it, it will have ups and downs but eventually it will pay back.”

Industry analysts have predicted that China — which collected an estimated $2.8 billion in box office takings last year, compared with Hollywood’s $10.8 billion — will at the current rate of growth become the world’s dominant market by 2020.

Lee, who is now based in New York, was hailed as the “glory of Taiwan” after becoming the first Asian to win a best director Oscar for the 2005 gay cowboy drama “Brokeback Mountain”.

He won a second best director Oscar for the 3D adventure “Life of Pi” in February.

RELATED STORIES:

Life of Pi star says blessing to work with Ang Lee

Ang Lee wins best director Oscar for ‘Life of Pi’

The hottest entertainment news straight to your inbox

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Ang Lee, Chinese film, films, Hollywood, Movies
For feedback, complaints, or inquiries, contact us.

Subscribe to our entertainment news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.