02/03/2011 04:58 pm ET Updated May 25, 2011

In China, A New Studio System

In 2006 the young and not-yet-renowned director Lu Chuan took his idea for an ambitious epic about the Japanese massacre at Nanjing, already rejected by a major Chinese studio, to a young, unknown film producer who, as one of the producer's own friends chided him, "didn't know anything about movies." Qin Hong, then 35, had taken the helm of Stellar Megamedia Group, a moneylosing company whose listed Hong Kong arm was on the verge of liquidation, selling off assets to stay afloat.

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