China Film Group Corporation
China Film Group Corporation (CFGC), is the largest, most influential film enterprise in the People's Republic of China. According to "Forbes", it is a state monopoly that all imported films have to work with. It also runs theaters and finances, produces, and distributes films. In 2014, the company was the largest film distributor in China, with 32.8% of the market. History. The predecessor China Film Corporation was established in 1949. For 40 years until the end of 1992, China Film Import & Export Corporation was the only film buyer and distributor in China. From 1 January  1993, 16 other Chinese film studios became responsible for distributing their own films. In 1999, the corporation became known as the China Film Group Corporation. It remained the only importer of foreign films in China and is a major exporter of Chinese films. Businesses. China Film Group is involved in a variety of businesses which include film and television production, film distribution and exhibition, film importation and exportation, cinema circuit management, digital cinema construction, print developing and processing, film equipment management, film and TV CD production, ancillary products, advertising, property management as well as real estate. China Film group partnered  with Crest Digital in 2007, building a 15,000 square meter state-of-the-art DVD and CD manufacturing facility outside Beijing. Along with the China Research Institute of Film Science & Technology, the group created DMAX, a large-screen film format developed to break IMAX's large-screen monopoly in China. Subsidiaries. For over a decade, China Film Group's subsidiary, China Film Import & Export Corporation, has been the sole government-authorized importer of films. Another CFG subsidiary, China Film Co-production Corporation, is charged by the SARFT to oversee and manage all Sino-foreign co-productions. China Film Group's  film and TV production units include: the former China Film Corporation, Beijing Film Studio, China Youth Film Studio, China Film Co-Production Corporation, China Film Equipment Corporation, Movie Channel Production Center, Beijing Film & Video Laboratory and Huayun Film & TV Compact Disk Co., Ltd. The company has an animation division called China Film Animation. China Film Co-Production Corporation. The "China Film Co-Production Corporation" (), abbreviated as CFCC, was founded in August 1979. China Film Co-Production Corporation is authorized by the State Administration of Radio, Film, and Television (SARFT). As a sole agency, CFCC enjoys all rights and liabilities of  an individual legal entity. It was founded to administer affairs relating to film co-production, and provide coordination and other services, pursuant to the Regulations on Administration of the Film and the Rules on Administration of the Sino-Foreign Film Co-production (Edict 31, Edict 52 and other relevant rules by the SARFT). CFCC has its precise roles and functions as follows: Procedures for Sino-foreign Co-production Both Chinese and overseas parties should sign a co-production agreement or letter of intent upon mutual consensus (the Chinese parties should be state-run companies or private ones with co-production  credentials). CFCC has established two offices in charge of general administration and co-production business respectively. The general office takes care of general administration, secretary, finance and human resource matters. The business office takes care of administration, service and coordination of film co-production between Chinese film studios and foreign filmmakers, and hosting foreign crews for making non-feature films in Mainland China. Films. Each year, China Film Group produces more than 30 feature-length films, 400 TV plays, and 100 telefilms. Its films include "The Warlords", "", "Kung Fu Hustle", Golden Bear winner "Tuya's Marriage", and "Protégé". China Film