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Trade deal means more 3D and Imax movies from Hollywood for mainland

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With two Hollywood films, War Horse and John Carter, topping the mainland box office in first two weeks of this month, mainland audiences will have access to 50 per cent more American films this year, with at least one new foreign film hitting the big screen every week.

A Sino-US trade agreement announced last month that will allow another 14 Hollywood 3D and Imax movies into the mainland's rapidly growing market each year has given rise to concerns about the future of domestic films.

The new policy increases the number of foreign movies allowed into the mainland each year to 64.

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In addition, the US studios' share of revenue from showing their films will increase from 13 per cent to 25 per cent.

It is a move to resolve a complaint that China restricts the number of foreign movies allowed into its market, which led to a World Trade Organisation ruling against Chinese limits on the import of films, DVDs, music and books in 2009.

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US studios and filmmakers have greeted the move as a breakthrough, but concerns have been expressed that domestic movies, particularly small and medium-sized productions, could be squeezed out by Hollywood blockbusters.

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