Spend on Italian TV and film productions shot upwards by 28% to €1.8B ($1.9B) last year, the latest report into the country’s sector revealed today. Closing the MIA Market, the likes of Audiovisual Producers Association (APA)/Cinecittà President Chiara Sbarigia, Netflix Italy boss Tinny Andreatta and Ministry of Culture Undersecretary Lucia Borgonzoni presented the APA research, …
A new initiative to amend the Federal Cinematography Law in Mexico was recently presented to the Senate’s Permanent Commission, with the current initiative seeking to institutionalize the resources received by the now defunct Film Investment and Stimulus Fund
Tencent Spared Amid China Tech Monopoly Crackdowns
Commentary
The Chinese regime fined Alibaba $2.8 billion under its “anti-monopoly law,” highlighting the regime’s comprehensive review of mainland internet companies.
However, Tencent, another monopolistic internet company in mainland China, was only fined $311,610, mere pennies for a mega-corporation like Tencent.
The CCP’s biggest grievance with Alibaba is that it has grabbed a very big slice of the CCP’s precious banking and finance pie. In reality, Tencent’s monopolistic actions are no lesser than Alibaba’s.
China’s three main technology companies are Baidu, Alibaba, and Tencent (BAT). Among BAT, Tencent’s amazing expansion has created the most serious monopoly, which far surpasses the reach of Alibaba or Baidu.