Dissolving the film department? Huace Film & TV responds: The news is false

There are reports that Huace Film & TV has officially announced the disbandment of its film department, clearly stating that “funds no longer hold hope or illusions for the film sector.” This decision stems from consecutive losses in key film projects and the overall industry contraction pressure. A company representative responded, “Last year’s films did indeed include some loss-making projects, but there is no current plan to disband the film department. There are no messages about personnel optimization or adjustments at this time. The company’s operations are normal.” (21 Finance)