China’s Currency Crisis Creates Mixed Outlook for Hollywood – Hollywood Reporter

China’s Currency Crisis Creates Mixed Outlook for Hollywood

With the Chinese currencysuffering its biggest drop in more than 20 years — its valuation had decreased this month by 4.4 percent as of Aug. 15 — Hollywood studios are facing bad news and good news: A struggling Chinese economy could result in lower box-office revenue, but buying into the world’s second biggest market suddenly has become cheaper. "China’s currency…

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