Huayi Bros. is one of China's oldest and most influential private film studios, but it also has been among the hardest hit by the market and regulatory upheavals of the past few years
Chinese film studio Huayi Brothers Media reported a net loss of $565 million in 2019, a considerable deepening of its $155 million losses in 2018.
Chinese cinemas and live entertainment venues have been closed since late January, and authorities have yet to release a roadmap for a resumption of regular business. The company's year-end results also revealed a raft of measures intended to stem the bleeding and get the studio back on more stable footing.
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