Hong Kong – With nearly 20% of the world’s population and one of the fastest growing economies, China’s decision today to restrict internet video to state-run companies is sure to have a large impact on the strategic thinking of digital media content providers everywhere. The AP reports that the new regulations will begin on January 31, and were approved by the State Administration of Radio, Film, and Television, and the Ministry of Information Industry.

China - A combined frustration with the US’s arms sales to Taiwan, ongoing trade disputes, and the success of American films at the box office have led to a ban on Hollywood films by the Chinese government, The Independent reports. The ban might last until May.

It is official, the Disney movie "Pirates of the Caribbean: Dead Man's Chest", has had the most successful opening weekend in Box Office history. In a time when people are talking about the demise of “Old Media” and the slump at the box office, “Pirates” comes along and grosses $136 million over three days in the US and Canada.

Today, Friday July 7, the much anticipated “Pirate of the Caribbean: Dead Man’s Chest” will hit the theaters. All the other studios have backed off any other big opening this weekend, afraid to challenge the mighty Captain Jack Sparrow and his fellow Pirates. It is probably a wise choice. The buzz online is loud and clear: this is going to be THE big summer flick. The movie is already climbing quickly in the number of Yahoo searches on Movies and Actors.

Fuel up your jets, next week is the start of “Camp Allen”, the annual summer investment conference hosted by the investment banker Herbert A. Allen Jr. of Allen & Co. that caters to the crème de la crème of media, entertainment and tech managers.