Hollywood movies losing out to Chinese films in a big way

By Brent Lang LOS ANGELES (TheWrap.com) - China is not turning out to be the pot of gold Hollywood expected it to be a year ago after the country loosened restrictions on the number of foreign films it imports. The country's box office returns continue to grow at an astonishing rate, but foreign films are accounting for a smaller and smaller chunk of the pie, according to data from China's State Administration of Radio, Film and Television. During the first six months of the year, films from the United States and other foreign countries accounted for $674.3 million, which is a 21. ...



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