Bottom line: Growing sophistication by Chinese film-makers will continue to power strong growth at China’s box office, and will foster a new group of homegrown players that could challenge Hollywood over the next 10-20 years.
China box office surges in July
Two blockbuster films are fueling a sudden wave of excitement over domestic Chinese films, providing new momentum for a growing stable of local film-makers and foreign-backed joint ventures. Perhaps it’s no surprise that the 2 films leading the summer charge are both animated or have animated elements, and both also use a potent combination of Chinese elements and western story-telling skills to appeal to huge audiences of young people that go to see movies during the summer holidays.
The huge success for the animated films “Monkey King: Hero Is Back” and “Monster Hunt” has fueled a big wave of national pride in Chinese film-making. It even has some observers calling for an end to the recent ban on showing foreign films during the important summer vacation period, since these new Chinese movies prove that domestic productions can compete with big foreign rivals like the “Kung Fu Panda” franchise. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 24. To view a full article or story, click on the link next to the headline.
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Citic Bank Buys BBVA’s Stake In Financial Unit For $1.05 Bln (English article)
Billionaire Wang’s Dalian Wanda (HKEx: 3699) Property Firm Falls in HK Debut (English article)
MIIT Says To Issue 4G FDD-LTE Licenses Next Year (Chinese article)
NQ Mobile (NYSE: NQ) Board Authorizes Up to $80 Mln Share Buyback (PRNewswire)
Enlight Media (Shenzhen: 300251), Qihoo (NYSE: QIHU) Form Online Video JV (English article)
The following press releases and media reports about Chinese companies were carried on October 29. To view a full article or story, click on the link next to the headline.
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Two interesting new reports about China’s box office paint very different pictures about the country’s movie industry. Everyone agrees the sector is growing at a rapid clip, and will probably eclipse the US over the next decade to become the world’s largest box office. But who exactly is fueling that growth is a subject of debate, with one report saying domestic productions are suddenly surging as another says Chinese film companies are boosting their appetite for foreign productions. The underlying factor behind this apparent paradox is a growing confluence between East and West, with foreign studios increasingly working with Chinese partners and customizing their films for Chinese audiences. Read Full Post…
