Sunday, November 26, 2006
everyone's got money
Foxconn's CEO Kuo announced after a recent award show that he will personally invest $300 million USD into the Chinese film market. That's good news for the Chinese film industry. However, what he doesn't realize is that the film industry don't lack capital. It lacks good ideas, good scripts, good talents. Throwing down $300 million might sound impressive. But that's the budget of Spiderman 3 only. Businessmen who wants to get into the film industry must know that it's not the money that counts, it's the talent, the script. Without a solid foundation and infrastructure, $300 billion won't get you anywhere locally. I can see Kuo walking down a dangerous path. This is going to suck for the Asian filmmakers because once Kuo gets burned, even fewer people will be willing to invest in Asian and Chinese films.