Of the 19 films to be released in the country this month, only three are imports, according to the China Film Group.
Since 2009 when Huayi Brothers was listed, the company has embarked on an ambitious program of diversification into theme parks and other related businesses.
Painted Skin: The Resurrection has grossed 300 million yuan ($47 million) since its premiere at midnight on June 28, according to Long Media, the film's marketing agency.
When China loosened its film import quota earlier this year, the nation's film industry was instantly shrouded in doom and gloom.
Chinese filmmakers need to confront foreign competition, face up to the country's reality and work out stories and films that are relevant to audiences at home and abroad.
Will 2012 be the year of doom for Chinese filmmakers?
A total of 100 Chinese cinemas will be equipped with "DMAX" large screens made with Chinese independent technology in three years.
National Film Capital Co Ltd has revealed plans to invest $300 million in 10 English-language movies.
A growing number of Chinese brands are placed in Hollywood movies.
A total of 15 children's films, which were all home-made after the reform and opening-up policies were implemented in China, will be screened from June 1 over the country for a week.
Chinese film authorities are exploring the possibility of returning their 5 percent cut of box office revenues to theaters that show more domestic films.
A private Chinese firm on Monday announced that it will purchase US movie theater chain AMC Entertainment for $2.6 billion.
The Blue Paper for Micro-film in China has been released by China Micro-Film Organization. The paper sums up the ups and downs of the fledging industry in 2011 and provides advice for its future development.
Dalian Wanda Group Corp Ltd is reported to be in talks with the US' second-largest cinema chain, AMC Entertainment Inc, for a possible acquisition.
The second Beijing International Film Festival, which featured Hollywood director James Cameron and a week of films from 54 countries and regions, ended on the weekend with a gala concert by London's Royal Philharmonic Orchestra and other performers from around the world.
A Chinese enterprise announced the founding of the "Shang8 Film Industry Park," to build it into China's first base for the production of "micro movies."
James Cameron - the director of box office smashes Titanic and Avatar, who is known for his cutting-edge special effects - may soon work on a 3-D Chinese film.
A total of 64 Chinese films have been selected for an official screening program meant to generate interest in overseas markets.
At a time when all countries are paying attention to the development of their soft power, the film industry is regarded as an important cultural force.
China overtook Japan as the world's second-biggest cinema market in the first quarter of the year thanks to the breakneck growth of the nation's film industry.
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