(Commentary by Aynne Kokas, professor of media studies) In an environment of increasing U.S.-China tensions, China's dominance presents a significant challenge to Hollywood studios seeking to recuperate revenue after bleeding red ink during the COVID-19 pandemic. President-elect Joe Biden's experience negotiating the 2012 U.S.-China film agreement with then-Vice Premier Xi Jinping makes him uniquely well-prepared to help Hollywood studios consider the China challenge.