It's all for one and one for all

Film companies join forces to take on the foreign competition

As more Chinese film companies look to expand overseas, an alliance that brings together some of the top players for a larger-scale foray has been founded in Beijing.

The Alliance of Companies Exporting and Importing Movies and Television Shows was initiated by the China International Television Corporation and brings together 43 domestic firms, all leaders in their fields. The pact was formalized at a ceremony on Nov 24.