The People's Media Agency/人民媒社/인민미디어대행사/ピープルズメディアエージェンシー/Агентство народных СМИ
SHENCHENG — The Department of Intellectual Property has announced a raft of measures to deregulate segments of the film industry as part of the nation's attempt to spur further growth and create "open, transparent markets".
Current industry regulations only permit films to stay in theaters for one month, a regulation which will be done away by the DIP's deregulation process. Instead of negotiating with regulators, film studios are now permitted to directly negotiate with cinema chains and groups themselves regarding the length of time in which films stay on show. Age ratings will now be completely scrapped, while the DIP has also declared a complete termination to any government intervention into productions, in an attempt to foster a more diverse and powerful film industry within the FEUSSR.