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A long-running SEC investigation into possible corruption by U.S. movie studios in China is...

  • Monday, February 18, 5:24 AM ET
    A long-running SEC investigation into possible corruption by U.S. movie studios in China is casting a shadow over Hollywood's dealings in the country, especially as there hasn't been too much information on the inquiry's progress. At the same time, Chinese consumers have started to prefer home-grown blockbusters over Hollywood fare. Still, the show goes on, with "Kung Fu Panda 3" and "Iron Man 3" among the projects that use China for filming.
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This news story has 4 comments:

  •  
    "potential inappropriate payments"

    so the SEC did not find any timely fraud in the mortgage backed securities scam and the CDOs and collateralized loan obligations.
    18 Feb, 05:44 AM Reply Like
  •  
    The SEC should not have any difficulty finding work. Find me one foreign company who's not bribing someone in China and that will be a loser. I remember the chairman of Li & Fung (Walmart supplier) saying as much sometime ago.

    But it takes two to tango, and it's pretty certain this behavior is happening in ALL the emerging countries.
    18 Feb, 07:28 AM Reply Like
  •  
    If you put in one room a company representative of every company doing business in China, you could throw a rock and hit someone who has bribed Chinese officials, 99 out of 100 times.
    18 Feb, 08:00 AM Reply Like
  •  
    Hollywood is like what, the second biggest polluter in Calipornia? I'm sure they feel right at home in China, lol.
    18 Feb, 08:50 AM Reply Like
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