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...financing and permanently damaged the city's vital Asian markets; those of some countries, like Indonesia's, have never recovered. The introduction of VCDs and DVDs, legitimate and not, ate into box office. Fewer Asians were willing to shell out $7 to watch a Hong Kong film with sub-Hollywood production values when they could cheaply get their fix at home. With box office disappearing, the only sure money in moviemaking came from video rights, which meant an increasing number of films were made with a VCD expressly in mind?not a formula for cinematic greatness. "Videos are like drugs...

Author: /time Magazine | Title: Back in the Picture | 3/21/2005 | See Source »

...first place. Gone was the freewheeling spirit that fueled the creativity of the '80s and produced international icons like Jackie Chan. There were exceptions, but too many Hong Kong filmmakers began to churn out timid, formulaic comedies with the same old stars. Audiences flocked instead to the high-budget Hollywood event movies that are increasingly pitched at international audiences, and to films from Asian nations like South Korea, where young directors weaned on John Woo are making the kinds of dynamic movies Hong Kong used to produce. "The export value of Hong Kong film is deteriorating," says Peter Tsi, executive...

Author: /time Magazine | Title: Back in the Picture | 3/21/2005 | See Source »

...from being the Hollywood of the Asian film world, Hong Kong may become its New York, the place where deals are done and money is raised. The decline in movies made in and about Hong Kong is unlikely to be reversed?which has some producers wondering why Shaw Bros. is building a $180 million film studio. But Lloyd Chao believes that studio's cutting-edge facilities will be perfect for high-profile projects from around Asia, including China. "It's going to be about quality, not quantity," he says. Still, Hong Kong?and international moviegoers?will lose something when...

Author: /time Magazine | Title: Back in the Picture | 3/21/2005 | See Source »

Granted, conservatives and liberals tend to be offended by different things. Conservatives tend to see a culture glorifying promiscuity and drug use. Liberals get more concerned about violence and degradation of women. The right sees the machinations of amoral Hollywood. The left sees soulless megabusinesses dropping their standards to court the coveted 18- to 34-year-old male demographic. "Obviously, you have an incentive to program material that will appeal directly to that market," says Michael Copps, a Democratic FCC commissioner, who argues that the rise of indecency and megamergers are related. "This whole issue of media consolidation goes...

Author: /time Magazine | Title: The Decency Police | 3/20/2005 | See Source »

...Blake's car near a restaurant where the pair had just eaten; after a three-month trial in which Blake did not testify; in Van Nuys, Calif. Jury foreman Thomas Nicholson called the circumstantial evidence "flimsy" and said prosecutors, who relied heavily on testimony from two Hollywood stuntmen with histories of drug abuse, "couldn't put the gun in his hand...

Author: /time Magazine | Title: Milestones Mar. 28, 2005 | 3/20/2005 | See Source »

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