Money Talks: Blockbust-up
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 25 August 2020
⏱️ 24 minutes
🧾️ Download transcript
Summary
China is poised to become the world’s biggest box office. Is this an opportunity for Hollywood or could it be a show-stopper? As the dollar hovers around its weakest level in two years, we ask how it became so central to the world economy and whether this spells the beginning of the end for dollar dominance. And economist Sir Paul Collier argues that individualism is holding back society. Patrick Lane hosts
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Transcript
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| 0:00.0 | China is poised to become the world's largest box office. |
| 0:08.0 | What does that mean for the bright lights of Hollywood. You're listening to Money Talks on Economist Radio, our weekly podcast on the markets, the economy, and the world of business. |
| 0:25.0 | I'm Patrick Lane, deputy digital editor at The Economist. |
| 0:30.0 | Also coming up on today's show, |
| 0:32.0 | Could this be the beginning of the end for dollar dominance? |
| 0:35.5 | Elements of US dysfunction probably play a role as well. The US political system doesn't respond |
| 0:40.8 | to crises as well as it used to and is individualism holding society back. |
| 0:46.8 | Financialization has encouraged and indeed sometimes forced the management of companies to drive their people into behaving |
| 0:56.6 | unethically. First up, your job is to bring honour to the family. Disney has spent five years and $200 million on a new live-action adaptation of the classic animated adventure, |
| 1:18.8 | Mulan, due out on September 4th. |
| 1:22.3 | Based on a Chinese legend, the story follows a young girl who takes her aging |
| 1:26.6 | father's place in the army to help fight off a foreign invasion. |
| 1:30.4 | Ancestors please protect her. Invasion. out who you are. They will show you no mercy. |
| 1:44.0 | I'm Kwan. |
| 1:50.0 | But the drama is not limited to the screen. The Chinese box office is poised to become the world's largest and there is stiff competition from local champions as the popularity of homegrown films in China rises. |
| 2:06.0 | Is this an opportunity for Hollywood or could it be a showstopper? |
| 2:11.0 | China's box office has been on the most amazing streak. |
| 2:14.4 | It's about 35 times bigger now than it was 15 years ago. |
| 2:18.4 | Tom Wainwright is the Economist's media editor. |
| 2:21.1 | If you look at just the sheer number of screens, you can see Chinese people now have much more opportunity |
| 2:25.8 | to visit the cinema than they used to. |
| 2:27.7 | So 15 years ago, China had about the same number of screens as the UK. |
... |
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