Hong Kong’s FilMart Braces for Shifting Landscape of Asian Cinema Business

The red-hot Chinese box office has created big problems for Hong Kong sales companies.As FilMart, Asia’s largest film rights sales market, rolls out March 19-22, Hong Kong sales agencies are wrestling with the problem of how to come to terms with an ever-tougher rights sales business, and the changing status of Hong Kong’s once mighty movie sector.

FilMart this year is set to be the last stand for Distribution Workshop.

The company plans to shrink its sales operations and relocate them from Hong Kong to Taiwan.

Former Edko staffer June Wu has been retained as a Taiwan-based sales consultant.Other Hong Kong sales agencies are also wrestling with the problem of how to come to terms with an ever-tougher rights sales business, and the changing status of Hong Kong’s once-mighty movie sector.For years, Hong Kong sales firms that outdid themselves to build extravagant sales booths

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