Paramount opens Shanghai office

July 01, 2009 Paramount, Hollywood's oldest studio, opened its first China office in Shanghai on Wednesday to oversee the distribution of theatrical releases and explore local production opportunities in one of the world's fastest growing movie markets. Revenge of the Fallen, the Paramount Pictures International China Representative Office will liaise with the state-run and Beijing-based China Film Group, China Film Distribution and Huaxia Distribution, PPI's President Andrew Cripps said on the telephone from London. The Hollywood studios are hopeful that a U.S. case against China at the World Trade Organization soon could break down barriers to market access.

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