Hollywood welcomes foreign investment including China: actors guild

Hollywood welcomes investment from other countries, including China, to stimulate productions of the U.S. movie industry, an official of the Hollywood performers' union said Wednesday.

"We obviously are grateful for investment from other countries," Ray Rodriguez, chief contracts officer of the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA), told Xinhua.

"Because that is the money that will ultimately go to pay our members ... We are happy to see our performers to make as much as they can," he said.

To have foreign investment is not new for Hollywood. Recently, Chinese conglomerate Dalian Wanda Group announced that it is in talks to acquire control of Dick Clark Productions, which is the entity behind the Golden Globe Awards, the Academy of Country Music Awards, and the Billboard Music Awards.

According to local media, this "big move" will be a big investment and certainly bring more investment from China to Hollywood after the deal is finalized.

SAG-AFTRA represents approximately 160,000 actors, broadcast journalists, dancers, DJs, news writers, editors, program hosts, singers,voiceover artists and other media professionals. Members of the union are the faces and voices that entertain and inform America and the world.

"People who make movies here, they are always going anywhere around the world to investors, trying to raise money to make their productions," Rodriguez said.

"That is great by us because if people are continuing to invest, that means more productions and that benefits everyone," he added. Endi