Report: China to support growth of movie theaters

|By:, SA News Editor

The Chinese government is considering giving tax breaks to real estate firms which put movie theaters in shopping centers, according to The Hollywood Reporter.

There are close to 40 Chinese exhibitors that could benefit from the initiative - including AMC Entertainment (AMC) owner Wanda. Lower development costs could also benefit IMAX (IMAX) which is in growth mode in China.

What to watch: A booming Chinese movie industry will please Hollywood movie studios (TWX, FOXA, SNE, CMCSA, LGF, VIAB) which have been increasingly gearing their strategy around China's box office.