It Is Not A Raid On Four Major Hollywood Studios

   Walt Disney, Dreamworks Animation, Universal, and Sony see profit in China.  The Securities and (SEC) has sent letters to at least these four Hollywood studios.  The letters center on the studio's dealings with China Film Group, a state-run company whose, responsibilities include determining foreign movies get access to a limited number of slots each year for revenue sharing deals in the red-hot Chineese movie market, which is now the second largest in the world behind the United States.  China allows access 34 foreign movies per year, and collects up to 25% of the box office revenue.  The SEC letters may be related to compliance with the Foreign Corrupt Practice Act.   See also, http://www.reuters.com/.