Nov 13, 2018 06:49 PM

Tax Crackdown Sends Chill Through Movie Biz

* A total of 1,126 new films and TV series were registered with the industry regulator in the third quarter, 11% fewer than in the preceding quarter

* Caixin has discovered that since July more than 70 entertainment production and distribution firms have deregistered their corporate entities in the tax-haven city of Khorgas

(Beijing) — An early winter has descended on China’s showbiz industry, spreading a chill over everyone in the industry — actors, producers, studios and possibly audiences, too.

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