Host Wenchi Yu speaks with Payhuan Shiao, founder & CEO of Immortal Studios. A Hollywood native, Payhuan has been at the center of the Hollywood-China filmmaking industry for the last three decades. Amid escalating trade tensions, including Trump's 100% tariffs on foreign films and China's import limits on American movies, is the decades-long, fluctuating Hollywood-China collaboration nearing its end? Beyond trade, factors such as China's growing suspicion of foreign influence, stricter censorship, and its booming domestic film industry—now dominating the local box office and diminishing Hollywood's market share and co-productions—point to a significant shift. The success of Ne Zha 2 further highlights China's growing status as a cultural exporter and producer of high-quality films.

00:00

Introduction to U.S.-China Film Relations

02:23

Guest: Peihuan Shiao's Background

07:16

The First U.S.-China Film Co-Production

10:22

Cautious Collaboration: Hollywood and China

16:23

The Evolution of the Chinese Film Industry

21:54

Current Challenges in the Chinese Entertainment Industry

24:06

The Rise of Chinese Investment in Hollywood

27:09

Changing Dynamics in the Film Industry

30:11

Emergence of Martial Fantasy in Global Pop Culture

33:35

Political Influences on Film Consumption

36:33

The Global Competition in Film

39:30

Future Trends in US-China Film Relations

42:59

Cultural Narratives and the Hero's Journey

Perspectives with Wenchi Yu

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