DMG Entertainment Motion Picture Group President Chris Fenton has been appointed to the board of directors of the US-Asia Institute, the Washington, D.C.-based non-government organization said this week.
His appointment comes as China has become an increasingly important generator of box office revenue for studios. The country is projected to bypass the United States as the largest source of ticket sales by 2020, and last year saw its box office grow nearly 30 percent.
DMG has rode the box office boom as a Chinese film production and distribution company. Among the projects it has been associated with are “Looper,” “Iron Man 3” and the upcoming science-fiction adventure “Transcendence.”
Fenton is the only member of the entertainment industry on the board. The institute was created to foster a greater understanding between the United States and Asia, from a cultural, commercial and public policy perspective.
Its board includes banking executives such as HSBC’s Private Bank CEO Marlon Young and Citi Private Bank Managing Director Kent Lucken, as well as government insiders such as former senior Bush Administration member Benjamin Wu.