What is the significance of Hollywood's relationship with international film markets?

Hollywood's relationship with international film markets is significant for several reasons. Firstly, Hollywood is the largest and most influential film industry in the world, and its movies are seen in virtually every country. This global reach has allowed Hollywood to tap into lucrative international markets, which have become increasingly important in recent years.

International box office revenue has become a significant source of revenue for Hollywood studios, with some movies earning more money overseas than they do in the US. For example, the 2017 action movie 'The Fate of the Furious' earned over $1 billion at the international box office, compared to $226 million in the US.

However, this relationship is not one-sided. Hollywood studios also rely on international film markets for content, as they look to acquire the distribution rights to foreign films that have the potential to perform well in the US and other international markets.

Overall, Hollywood's relationship with international film markets is a mutually beneficial one that allows for the exchange of cultural ideas and the expansion of the global film industry.