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Thread: Chollywood rising

  1. #271
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    Nearly 10,000 new screens in 2016

    China’s Box Office Flat in First Two Months of 2017
    Patrick Frater
    Asia Bureau Chief


    COURTESY OF TAIHE ENTERTAINMENT, SHINEWORK PICTURES
    MARCH 1, 2017 | 07:26AM PT

    Theatrical box office in China edged ahead by 1% in the first two months of the year to $1.57 billion (RMB10.9 billion). After a dramatic slowdown in the second half of 2016, the figures will come as a relief to many in the Chinese industry if they prove to be a floor.

    But distorting the comparison is a new methodology. Since Jan. 1, gross figures include the booking fees charged by online ticketing agencies. Subtract those fees and the first two months show a 4% decline at RMB10.3 billion.

    Grosses (including booking fees) were down 13% in February at $873 million (RMB6.03 billion) compared with February last year, according to data from Ent Group. They followed a blockbuster January in which takings were up 27% year-on-year. But with the important Chinese New Year holidays this year in different months from 2016, a meaningful comparison only arises by taking the two months together.

    On that basis, the data appear to show a degree of stability. Chinese New Year was a strong period for cinema, but this year Valentine’s Day was weaker than last year.

    Another sign of stability emerged from average ticket prices, which had recently been on a downward spiral. Although two months do not make a trend, in both January and February the mean nationwide price was $5.21 (RMB36) per admission, higher than the first two months of 2016, and higher also than December last year.

    On a per-screen basis, the figures are still cause for concern. In 2016, Chinese operators opened nearly 10,000 new screens, to increase the national circuit by just under a third.

    Top films in February were two Chinese New Year releases: “Kung Fu Yoga” and “Journey to the West: The Demons Strike Back.” They were followed by “xXx: The Return of Xander Cage.”
    Chinese film growth has got to plateau at some point.
    Gene Ching
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  2. #272
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    don't have enough experienced talent to meet the demand

    This is how our copy editor (and my Kung Fu shidi), Gary Shockley, won a free trip to Beijing plus prize money.

    Why China's Screenwriters Are Thriving
    6:00 AM PST 3/3/2017 by Patrick Brzeski


    Courtesy of China Film Group
    'A Wedding Invitation'

    Even amid box-office swings, scribes stay in demand, with Chinese screenplays selling for as much as $1 million.

    Most Chinese film professionals — both above and below the line — still earn a fraction of what their counterparts in unionized Hollywood pull in. But top Chinese screenwriters are among the select few who are beginning to make Los Angeles-level money.

    As Asian dealmakers prepare to descend on Filmart, the annual Hong Kong-based sales market that provides a gateway to China, a number of Beijing studio heads surveyed by THR say it's not uncommon for a script from a pedigreed Chinese writer to sell for half a million dollars or more. One recent script reportedly went for $1 million.

    The situation mostly is a matter of supply and demand. China's box office has more than tripled in size during the past five years — from $2.07 billion in 2011 to $6.78 billion in 2016 — and the ferment has inspired a gold rush atmosphere around content creation. But Beijing's previously tiny film community has struggled to keep up with the demand for professional talent and quality product.

    Ironically, a slowdown at China's box office in 2016 (growth plummeted to 4.6 percent from 49 percent the year prior) only exacerbated the issue, as most in the industry pointed to low-quality local films as the main cause for the correction, which in turn has upped the appetite for higher-quality screenplays.

    "The box office has expanded very quickly, but it takes time for writers to develop professional skills and experience," says Beijing-based screenwriter Shu Huan, who is widely regarded as China's comedy king, thanks to his scripts for two hit road movies: 2013's Lost in Thailand ($197.8 million worldwide gross) and 2015's Lost in Hong Kong ($256.3 million). "Money is not the key resource we lack," he adds. "Currently, we don't have enough experienced talent to meet the demand."

    The problem is compounded by a parallel dearth of veteran producers, Beijing insiders say. The box office boom has spawned dozens of new production companies, many of which are run by neophyte film investors.

    "There are over a billion people in China, so of course there is no shortage of talented, hungry, young writers," says a local production and acquisitions exec working for a Hollywood studio in Beijing (who wasn't permitted to speak to press on the record). "But many of the people picking projects are totally new to the business, so they don't really have the ability to recognize — or the confidence to support — a promising script from an unknown writer," the exec adds.

    Thus, a feeding frenzy has emerged around the small pool of scribes with a hit credit or two to their names, as investors vie for pedigree. Some star writers have even been known to cash in by setting up teams of ghost writers, who help the lead writer churn out more product under their established byline — "It's a seller's market, as the Beijing exec says. (The result of this phenomenon arguably can be seen in last year's box office crunch, which, again, primarily was blamed on the diminished quality of local movies).


    Courtesy of Well Go USA
    Shu's Lost in Hong Kong.

    Qin Haiyan, a 33-year-old screenwriter from Beijing, began her career penning art-house fare, such as Zhang Ming's Before Born, which premiered at the Berlin International Film Festival in 2006. In 2013, she was hired to rework the script for A Wedding Invitation, a planned remake of a hit South Korean tearjerker, as producers were struggling to localize its story to suit Chinese tastes. Qin transformed the material into a romantic comedy, and the film became a modest success, earning $31 million at the Chinese box office.

    "Since A Wedding Invitation, I've received offers constantly — sometimes a couple of projects within one week," says Qin. "But because A Wedding Invitation was a romantic story, most [studios and producers] want a love story. I have to choose carefully. They want me to repeat, but I'd rather do new things." (She's currently at work on a film and two TV dramas — one food-themed, the other sci-fi — for one of China's Netflix-like streaming video services.)

    Qin concedes that it's difficult to get a first script produced — as it has been for every writer, always, everywhere — but she can't imagine a better place than Beijing to start writing for movies. "I have American friends in L.A. studying screenwriting," she says. "They all say they are jealous of the opportunities in China."

    Shu Huan, China's most commercially successful screenwriter of the past five years.
    Jetavana
    Shu Huan, China's most commercially successful screenwriter of the past five years.
    Gene Ching
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  3. #273
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    Jackie's contribution to CPPCC

    Jackie Chan: foreign 'pressure' good for Chinese films


    Photo: AFP

    Action star Jackie Chan said opening up China's heavily-restricted film market to more foreign works would put positive pressure on local filmmakers, as rumours swirl Beijing will expand its quota on imported movies.

    Since 2012, China has permitted 34 films to be imported from overseas each year, but the state-run Global Times newspaper reported last month that Chinese and US officials are renegotiating the limit.

    A shakeup in domestic movie offerings would challenge Chinese filmmakers to produce better work, Chan told reporters at a Tuesday press conference during the annual gathering of China's political advisory committee, of which he is a member.

    "Their technology is more advanced than ours, but on the other hand, we will have more opportunities to watch their films and learn from them," he said.

    "We are concerned - very afraid - but I believe that this kind of pressure is a positive thing...the more films that come in, the more we will ourselves improve." Hollywood films accounted for more than half of China's 45.3 billion yuan (S$9.3 billion) in ticket sales last year.

    Several Chinese executives also made investments in major Hollywood studios in 2016, drawing attention to China's growing influence over US film.

    The Beijing-based Wanda Group broke records last January by paying US$3.5 billion (S$4.9 billion) for Legendary Pictures, the maker of "Jurassic World" and "Godzilla." This move was followed by Alibaba billionaire Jack Ma's investment in Steven Spielberg's Amblin Partners and a reportedly $1 billion agreement between Paramount and two Chinese companies.

    The deals have been accompanied by concerns that Hollywood is increasingly pandering to Chinese audiences.

    Chan said he frequently fields collaboration requests from firms eager to exploit the country's burgeoning box office, now the world's second-largest movie market after North America.

    "I recently attended a meeting with several major executives who said 'okay' to every suggestion I gave," he said.

    "My assistant told me, 'You're so awesome.' I said, 'I'm not awesome. It's today's Chinese market that is awesome.' Everyone wants to do business here."
    Considering Jackie just got an Oscar and his last three films were mediocre at best (ST, RT, KFY), he needs to heed his own advice on this one.
    Gene Ching
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  4. #274
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    Chollywood slowing...

    At least I won't have to change my column title for a while, although I'm still leaning away from it because no one says 'chollywood' anymore, except for me...

    China’s Hollywood Deal Frenzy Slows Amid Regulatory Tensions in Both Countries
    Patrick Frater
    Asia Bureau Chief


    COURTESY OF JASIN BOLAND
    MARCH 10, 2017 | 09:45AM PT

    Within a few short years, what had once been just talk of big deals between China and Hollywood has become an impressive reality, with a wave of major acquisitions such as Dalian Wanda’s $3.5 billion purchase of Legendary Entertainment and Alibaba’s equity stake in Steven Spielberg’s Amblin Partners.

    This story first appeared in the March 07, 2017 issue of Variety. Subscribe today.

    But the floodgates now appear to be narrowing, due to political processes underway in both countries. While the deal-making continues — witness the recent announcement that China’s Recon group is shelling out $100 million for a 51% stake in Avi Lerner’s Millennium Pictures — observers say greater government scrutiny on both sides of the Pacific has begun holding up potential agreements that in the past would have sailed through.

    On Friday, Dick Clark Productions confirmed that the $1 billion takeover agreement reached with Dalian Wanda has fallen apart, with DCP filing suit to receive the remaining $25 million breakup fee stipulated in the deal.

    In the U.S., a perceived Chinese takeover of American entertainment assets has alarmed politicians in much the same way that property purchases in the U.S. by Middle Eastern and Japanese firms aroused suspicion in earlier decades. Some lawmakers have called for an urgent review of Chinese investment in American media companies.

    In China, meanwhile, regulators have stepped in to stanch a capital flight accelerated by the weakening of the renminbi. Last October, China’s State Administration of Foreign Exchange announced it was putting a halt to “exuberant” overseas deals, a clampdown that has especially affected transactions that are particularly large or represent unusual diversification beyond a company’s existing area of business.

    The new regulations may have brought about the collapse of Chinese metals group Xinke’s bid for Voltage Pictures and torpedoed Wanda’s purchase of DCP; both acquisitions might have struck regulators as a step too far outside the buyers’ core business. The capital controls also reportedly helped sink a Chinese bid for control of MGM.

    But the new regulations and political climate are likely not the only reasons for a slowdown in China-Hollywood deal-making.

    “We have seen Chinese companies walk away from deals when they open up the books, do their due diligence, and find that the assets are not there or the business is not in the shape they previously believed it to be,” one Beijing-based financier told Variety, adding that, in such cases, “the capital controls are a very convenient excuse” to halt the transaction.

    Moreover, Chinese companies like Alibaba and Wanda already own foreign assets and enjoy foreign revenues that could be used to finance their foreign M&A activity. Wanda used its U.S.-based (and dollar-based) AMC to acquire Carmike, British exhibitor Odeon-UCI, and the Nordic Cinema Group last year. With the real-estate giant’s assets pegged at $115 billion, it’s hard to tell why Chinese officials would consider Wanda’s purchase of DCP to be too big of a financial stretch.

    Officials in Beijing could be using the new regulations as a way to pressure the Chinese entertainment industry to up its game on the creative and content side, rather than relying on overseas takeovers, co-productions, and corporate joint ventures to drive growth.

    “The problem now recognized by the regulator is that Chinese companies are not making the films that the rest of the world wants to watch,” says Beijing-based lawyer Mathew Alderson at Harris Bricken. “We get a clue to this thinking from the TV sector, where TV formats have, since July last year, become taboo if the underlying IP is not Chinese-owned. The move is not anti-foreign but is rather about energizing inefficient, uncreative Chinese companies that are simply achieving growth through acquisition.”

    This means that sensible deals with Hollywood — those that are correctly priced and relevant — are likely to pass muster with Chinese authorities. Indeed, there are talks underway, in the U.S. and elsewhere.

    Besides Recon’s deal for Millennium — for a price significantly below Millennium’s $300 million asking price — China’s HeHe Pictures is buying sales agent Fortissimo from its Netherlands bankruptcy administrators and is in the market for other overseas assets. Chinese investors have been courted by Europe’s Wild Bunch. And respected Hollywood indie Good Universe recently held talks with Chinese backers on raising $50 million, though Good Universe chairman Joe Drake says those talks have run their course.

    A closer relationship between international sales and production companies and Chinese players is logical, given the growing importance of the Chinese box office, particularly for certain kinds of movies.

    Chinese grosses for Constantin’s “Resident Evil: The Final Chapter” and Revolution Studios’ “XXX: The Return of Xander Cage” outstripped those films’ takes in North America. Millennium’s “The Expendables III” made $73 million in China, about $33 million more than its Stateside haul.

    A number of Western companies have linked with Chinese partners to expand their reach in China, the world’s second-biggest theatrical territory, after the U.S. Lionsgate has Chinese slate funding; Regency Enterprises has Chinese funding for a partial slate and saw “Assassin’s Creed” recently open to $18 million in the territory. EuropaCorp is 28% owned by China’s Fundamental Films, and IM Global is now owned by Tang Media.

    For leading indie players, having a well-heeled Chinese partner to help with market access, finance, co-production, and marketing makes sense. So expect the deal-making to continue — but the fanfare to be less exuberant.
    Gene Ching
    Publisher www.KungFuMagazine.com
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  5. #275
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    isn't what it used to be?

    Honestly now, how many HK stars have even crossed over to Hollywood? I'm willing to bet the most people (who aren't rabid martial arts genre fans) don't know past Jackie and Jet. John Woo? Maybe they remember Mission Impossible... Chow Yun Fat? Maybe Pirates... Americans now might recognize Donnie Yen, but not Jiang Wen.

    Filmart: Chinese Actors Say Farewell to Hollywood
    1:49 AM PST 3/12/2017 by Patrick Brzeski


    Illustration by Mario Zucca

    No longer content to play underdeveloped roles in overstuffed tentpoles, China's screen talents are turning down L.A. offers in search of bigger paydays, greater exposure and meatier roles at home.

    For Chinese actors, crossing over into Hollywood isn't what it used to be.

    Throughout the 1990s and 2000s, Hong Kong's A-list talent weren't considered true superstars until they had made their mark in Hollywood. Jackie Chan, Jet Li, John Woo, Stephen Chow and others strove to transport their careers to the larger industry pond of Southern California — and often succeeded. But the growth of the Chinese industry has brought an ironic twist: U.S. studios are more interested in the Middle Kingdom's leading lights than ever before, but today's top Chinese actors aren't necessarily rushing to return the call.

    Veteran Chinese casting director PoPing AuYeung (The Forbidden Kingdom, The Karate Kid) brought actor-director Jiang Wen the role of Baze Malbus for Disney's Rogue One: A Star Wars Story. "He turned me down so many times," she says. "He assumed the role would be small and he just wasn't interested. I told the director, [Gareth Edwards], that it was very unlikely that we'd get him." In the end, it was Jiang's son, an avid Star Wars fan, who convinced his dad to take the part.

    The reasons behind Chinese stars' reluctance are many and reasonable.

    While "making it in Hollywood" used to mean a bigger payday and validation on the world stage, these days many Chinese stars are better-taken care of back home. The growth of the Chinese entertainment market — where the box office has tripled in size over the past five years, $2.07 billion in 2011 to $6.78 billion in 2016 — has lead to an explosion of opportunity and a dearth of pedigreed talent to meet the new demand. With the industry short on both established A-list actors and experienced producers capable of packaging projects for new names, a feeding frenzy-like atmosphere has emerged around proven stars, as China's legions of neophyte film bosses look to lock down names that will give their investors confidence.

    And for A-list actors themselves: unprecedented boom times. Last August, China Central Television reported that "China's most high-profile actors and actresses are vastly overpaid, receiving up to 100 million yuan ($15 million) for a single movie or TV series" — a number not wildly high for Hollywood, but massive in a Chinese industry where the usual budget of a major local film is still around $30 million.

    Shortly after the CCTV segment, state news outlet Xinhua reported that the State Administration of Press, Publication, Radio, Film and Television had "pledged to direct actors' guilds and film and television production companies to formulate self-discipline on the appropriate remuneration of actors and actresses." But producers say little has changed, and market forces still reign.

    "The competition for top stars is very tough," says Jerry Ye, CEO of leading local studio Huayi Brothers. "Once you do make a decision to hire a big name, you probably still need to wait at least six months to one year for them to be available. Most of the A-list is already booked through the full year."

    During the European Film Market at the Berlin film festival in February, Ye and AuYeung spoke at a panel focused on the challenges of casting films in China today. The panel discussion was organized by Bridging the Dragon, an association connecting European and Chinese film professionals.

    Against this lucrative local backdrop, Chinese actors' Hollywood offers usually involve both a steep downgrade in pay and large opportunity costs. "If we go with a Western film, it normally requires much more time than a Chinese production, [which are made much faster]," explains Jessica Chen, founder of leading Chinese talent agency Easy Entertainment, which manages Lu Han, perhaps China's most in-demand pop star-turned-actor (Time Raiders, The Great Wall and the official Chinese marketing ambassador for Star Wars: The Force Awakens).

    "And in China, you can do many things at the same time — movies, commercials and a TV show," Chen adds. "If we go overseas, we must give up these other jobs, too."

    Chen says all of her talent crave quality roles, and most are willing to forgo a quick payday for a great project, but Hollywood's offers have usually been creatively lacking, too. Over recent years, numerous Hollywood tentpoles have cast A-list Chinese stars in minor parts, hoping for a marketing bump in the growing mainland market. The results have usually backfired, with fans blasting the castings on social media as condescending pandering (see the response to Chinese actor Wang Xueqi's fleeting appearance in Iron Man 3 or Fan Bingbing's small role in X-Men). The actors themselves have even been subjected to some online ridicule, presenting the real risk that their "Hollywood breakthrough" is doing more harm than good in the market that actually matters to them.

    Jiang Wen and fellow Chinese star Donnie Yen's performances in Rogue One were broadly perceived as a breakthrough. Not only did the actors escape the usual scorn at home, many international critics praised their onscreen chemistry as one of the film's best qualities. But such roles remain scarce and the pay grade often insultingly low, AuYeung and Chen say.

    "I keep telling American producers, you need better, more meaningful roles," says AuYeung. "In the old days, it didn't matter so much, but it's changing really quickly — the first thing any actor asks is whether it's really meaningful."

    "And if you want a Chinese star just for marketing a commercial film in China," adds Chen, "please be prepared to pay for it."
    Gene Ching
    Publisher www.KungFuMagazine.com
    Author of Shaolin Trips
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  6. #276
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    Quote Originally Posted by GeneChing View Post
    Honestly now, how many HK stars have even crossed over to Hollywood? I'm willing to bet the most people (who aren't rabid martial arts genre fans) don't know past Jackie and Jet. John Woo? Maybe they remember Mission Impossible... Chow Yun Fat? Maybe Pirates... Americans now might recognize Donnie Yen, but not Jiang Wen.
    I haven't seen Rogue One. My only experience of Jiang Wen is from Let the Bullets Fly, which I hated. Others thought it was great, but for a comedy it didn't 'fly' with me. And in that film, I saw nothing special about Jiang Wen. I get that its comedy was cultural, but I simply found it unfunny. Especially the 'comedy' scene involving raping a woman (women?). I personally can't see Jiang Wen ever potentially becoming much of anything in Hollywood, even if they tried to make him a star.

    IMO, Hollywood IS pandering to China. Why not cast more American actors of East Asian descent, and allow them to actually portray American characters (without having to affect some accent)? There's a lot of unused talent right here that is seriously being overlooked/ignored.

  7. #277
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    The Warcraft Redemption

    That's my new term for films that were redeemed in China - 'the Warcraft Redemption'.

    OK, give me some time and maybe I'll think up something better.

    Who the hell watched “Warcraft”? China is fueling the market for overdone Hollywood action movies

    If you build it, they will come. (Reuters/Stringer)

    WRITTEN BY Ashley Rodriguez
    OBSESSION Glass
    March 28, 2017

    Hollywood’s failed domestic blockbusters, like Warcraft and Resident Evil: The Final Chapter, are among the highest-grossing movies in China—the world’s second-largest box office.
    There, China’s 1.3 billion people are more drawn to Hollywood action movies with over-the-top visual effects than the fantasy sagas that lead in North America, John Zeng, president and board director at China’s Wanda Cinemas, said at CinemaCon this week, IndieWire reported.
    That explains how Resident Evil: The Final Chapter and xXx: The Return of Xander Cage, which both bombed in the US, managed to beat out Star Wars: The Force Awakens, Rogue One: A Star Wars Story, and Beauty and the Beast—which topped the North American box office in 2015, 2016, and so far in 2017, respectively. (These movies were all released later in China than the US, with the exception of Beauty and the Beast.)

    China alone made up half of Warcraft’s $433 million global box-office total. Domestically, it only brought in around $47 million, which was about 30% of the estimated $160 million it cost to make the movie, according to Box Office Mojo.




    Chinese audiences are also resistant to Hollywood animation, Zeng reportedly said. That’s why big releases like Finding Dory and The Secret Life of Pets haven’t found as much success there as in the US. But some Hollywood titles with global appeal, like Zootopia, have been able to tap into China’s love for the genre.
    And Chinese audiences love 3D movies, said Zeng, whose company also owns America’s largest theater chain, AMC Theatres, where 3D films don’t have the same cachet and are slowly disappearing. (Theaters charge more to watch a 3D film.)
    China’s box office once threatened to overtake North America after nearly a decade of stupendous growth. But last year it hit a wall. China’s movie-ticket revenue grew less than 4% to 45.7 billion yuan ($6.6 billion), compared to a 48% lift the previous year, the Hollywood Reporter wrote, citing data from the state-run body that oversees film.
    Zeng projected, through a translator at CinemaCon, that the Chinese box office will now grow between 15% and 20%, annually.
    Gene Ching
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  8. #278
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    Box-office fraud

    This is so China to me - who else would cook their box office books? It's become a matter of face.

    China Punishes 326 Cinemas for Box-Office Fraud
    8:41 PM PDT 3/22/2017 by Patrick Brzeski


    Getty Images
    Beijing

    After years of suspected impropriety, the crackdown comes as welcome news to Hollywood, which increasingly relies on the China market for growth.

    China has rolled out a sweeping crackdown on box-office fraud at the multiplex this week, outing some 326 local cinemas for cooking the books. The action marks the first major enforcement of the country's new film law, which went into effect March 1.

    China's media regulator released a public list of offenders on Tuesday, with one official calling box-office fraud a "chronic disease" holding back the healthy development of the film industry.

    The offending cinemas have been slapped with screening suspensions and steep fines, depending on the level of their crimes. They also are required to return all misappropriated funds to the film producers and distributors affected.

    Sixty-three cinemas were found guilty of fraud amounting to approximately RMB 1 million (about $145,000) in 2016. As punishment, they have been ordered closed for 90 days beginning March 27.

    Another 63 cinemas were ordered closed for 60 days over fraud totaling RMB 500,000 to RMB 1 million, while 110 more reported fraudulent numbers between RMB 100,000 and 500,000, resulting in a fine of RMB 200,000. The rest were let off with warnings.

    Chinese cinemas have been known to employ various techniques to game the box office, such as under-reporting ticket sales, reporting profits from one film to another, or selling tickets to distributors in bulk (tickets to the distributors' own titles) to create the false appearance of a hit film for marketing gain.

    The raid on legerdemain at the ticket gates will be welcome news to Hollywood, which has come to rely on China, the world's second-largest film market, as a major source of revenue.

    As recently as 2013, industry experts believed that at least 10 percent of all Chinese box-office sales were lost to fraud.

    In September 2015, China Film Group was caught rigging grosses in favor of a state propaganda picture, The Hundred Regiments Offensive, released to coincide with the 70th anniversary of the end of World War II. CFG issued a set of orders and incentives to Chinese theater chains designed to boost the movie's performance, which resulted in theaters reallocating revenue from competing films — notably Paramount's Terminator: Genisys, which was believed to have lost as much as $11 million due to money siphoned away from it.


    PATRICK BRZESKI
    THRnews@thr.com
    @thr
    Gene Ching
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  9. #279
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    low market GROWTH

    The key in reading this is seeing that there's still growth, but it's not at the meteoric rise that it was before, meaning the bubble hasn't burst, it just didn't float as high as everyone wanted.

    Whatever the case, you gotta luv a name like Rance Pow.

    How Hollywood Blockbusters Could Rescue the Chinese Box Office
    8:00 AM PDT 4/18/2017 by Patrick Brzeski


    Universal Studios
    'The Fate of the Furious'

    The Middle Kingdom looks to star-driven tentpoles like 'The Fate of the Furious' and 'Pirates of the Caribbean: Dead Men Tell No Tales' to drive profits after a disappointing year of low market growth.
    By all accounts, 2016 was a disappointing year at the Chinese box office, but three months into the new year, Hollywood fare has created optimism for a rebound. Already, three U.S. imports have crossed the 1 billion RMB mark (an important local milestone) in China: xXx: Return of Xander Cage ($163.6 million), Resident Evil: The Final Chapter ($159.5 million) and The Fate of the Furious ($216 million and counting). Even more encouraging is the fact that many of Hollywood's biggest China-friendly tentpoles have yet to hit the market.

    "As the 2017 year opens up, there will be many major studio films we'll be following," says Rance Pow, president of the Shanghai-based cinema consulting firm Artisan Gateway. Indeed, if the blockbuster pedigree of the big-budget releases on the horizon is any indication, China's box office is in for a major boost.


    Courtesy of Disney Enterprises
    All five Pirates of the Caribbean movies will screen at Beijing.

    Universal's The Fate of the Furious opened April 14 and smashed local records; and Paramount's Transformers: The Last Night is due this summer. The preceding films in each of those franchises achieved historic grosses in China: $390 million for Furious 7 (2015) and $320 million for Transformers 4 (2014). Hopes also are sky high for Pirates of the Caribbean: Dead Men Tell No Tales, the latest in the series that has steadily gained in popularity in the Middle Kingdom — the first installment made just $2.8 million in 2003, but the most recent, 2011's On Stranger Tides, took in $70 million — and China's total box office has more than tripled in size since then.

    China's enduring love of the effects-heavy U.S. tentpole is getting a well-timed PR boost at the Beijing International Film Festival, where the entire Fast and the Furious and Pirates franchises currently are screening.

    The Hollywood cavalry couldn't arrive at a better time. After expanding 48 percent in 2015, China's previously red-hot theatrical market eked out just 3.7 percent growth last year. For Hollywood, the market declined in U.S. dollar terms — to $6.6 billion from $6.8 billion in 2015 — thanks to the recent strength of the American currency.

    But despite its exchange-rate woes, Hollywood fare did better in China than did native films. International titles, the vast majority of which were American, earned $2.7 billion, up 10.9 percent in local currency, compared with $2.6 billion in 2015. Prior to the release of Fate of the Furious last weekend, revenue-sharing imports (studio tentpoles) had already jumped 43.9 percent, according to Artisan Gateway data, while fixed-fee imports have soared 72.2 percent. By the time Fast 8's run is complete, Hollywood's 2017 tally will have raced even further ahead of last year's pace.


    Courtesy of Paramount Pictures
    Transformers: The Last Night arrives this summer; the most recent installment in the franchise took in $320 million in the Middle Kingdom.

    Pow notes that China's top-line growth number will depend on the quality of forthcoming Chinese titles given that local films accounted for 58 percent of the box office in 2016. Since Chinese regulators are known to clamp down on imports when Chinese product falls below 55 percent market share, Hollywood also has an interest in the health of the local industry.

    Says Pow: "We'll be watching closely for stronger Chinese-language titles to support a market lift, perhaps into double-digit figures, which would be good for all stakeholders in the film industry — and most of all the audience."
    Gene Ching
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  10. #280
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    Prc+oz

    Yet another Chinese Tomb Raider flick...

    Beijing Film Festival: Jackie Chan, Li Bingbing Head Slate of 15 Chinese-Australian Co-Productions
    11:51 PM PDT 4/19/2017 by Pip Bulbeck


    Screen Australia
    'Guardians of the Tomb'

    The new films include upcoming features from directors Yiwei Liu and Dalei Guo.
    Chinese-Australian co-productions got a shot in the arm at the Beijing Film Festival on Thursday with 15 features being announced including films starring Jackie Chan and Li Bingbing

    14 of those films are part of a development slate worth $300 million that's been put together by production group Sydney Film. The fifteenth film on the slate, writer-director Yiwei Liu’s At Last, has been awarded official Chinese –Australian co-production status, the seventh film to be designated as such.

    At Last centers on a couple from Beijing who find themselves caught in a complex art heist while on holiday in Australia. It will shoot in Queensland, Australia from July, injecting $8.1 million (AUS$10.8 million) into the local economy. Casting is currently underway.

    Guardians of The Tomb, starring Li Bingbing and currently in post-production is the most recent official coproduction between the two nations since the treaty was signed a decade ago. Others have included Bait 3D, and Children of The Silk Road, with My Extraordinary Wedding and Tying The Knot set to go into production.

    At Last is being produced by Jackie Jiao, Todd Fellman, Charles Fan and Vanessa Wu, from China's Monumental Films, Australia's Roadman Films and Story Bridge Films.

    Richard Harris, Head of Business and Audience at Screen Australia, which manages the official co-production program, said: “We have seen increased interest in Australian-Chinese co-productions with At Last being the fourth feature announced since late 2015. This upswing in activity is the result of seven years of engagement with the Chinese screen industry and the sustained support of the State Administration of Press, Publication, Radio, Film and Television in China.”

    At the same time Sydney Film, part of the Pacific Holdings Group, said it was aiming to identify 20 existing or potential co-production films with an overall investment budget of $300 million (¥2 billion). All films will be shot in both China and Australia, with several productions intending to use multiple locations across Australia.

    Amongst the 14 films already on the group’s slate are Dalei Guo’s comedies A Trip to Australia and Once Upon A Time In The Northeast- Artistic Youth, Trader Behind the Scenes, written by Dong Minghui and based on his own experiences of the China stock market crash in 2015 and Dream Reader Union, a sci-fi feature involving ancient Emperors and Dragon lore and a young hacker who discovers he is bound together with five strangers who are entrusted with saving the world from an imminent threat.

    The films were unveiled at an Australian event at the Beijing Film Festival held by locations marketing agency Ausfilm and the Australian Department of Foreign Affairs and Trade.

    The relationship between the Chinese and Australian film industries is deepening with Jackie Chan’s Bleeding Steel the biggest budget Chinese feature ever to film in Australia. Australian films including Hacksaw Ridge and Bait 3D have enjoyed Chinese box office success and the number of Chinese films released in Australian cinemas topped 30 in 2016 with The Mermaid grossing over $976,000.
    Gene Ching
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  11. #281
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    Paramount

    Maybe I should change from 'Chollywood Rising' to 'China Film Infiltrating'...

    Paramount's China Partners Now Financing 30 Percent of Slate
    6:04 AM PDT 5/4/2017 by Georg Szalai


    Mark Davis/Getty Images

    "There is no question that Paramount will turn," says Viacom CEO Bob Bakish as he and CFO Wade Davis praise new studio head Jim Gianopulos.
    Viacom management emphasized on its quarterly earnings conference call Thursday that Paramount Pictures' film slate financing deal with two Chinese partners was on track despite concern amid China's recent moves to keep money in the country.

    As THR reported in March, Paramount had back then yet to receive the first payment it had expected from the deal.

    Viacom CEO Bob Bakish said on Thursday's call that the company has "moved ahead" with the deal. Viacom CFO Wade Davis gave analysts more details, saying that Paramount's slate deal with Shanghai Film Group and Huahua Media remains "remains on track and is in operation."

    And he added that the two companies are actually committing more money. "The partners have elected to upsize their commitment from 25 percent to 30 percent," he said.

    The deal has been known to be worth around $1 billion and run over a three-year period. Davis said that remains the case, also mentioning the partners' option to extend for a fourth year.

    "We never really had concerns about payment," Davis said. "There is a payment schedule in the agreement, and we are going to receive cash this quarter per the schedule that was always in the agreement."

    Paramount's cash infusion from China was announced in January, but believed to be in jeopardy because of increased scrutiny from Beijing regulators and a recent leadership shakeup at the studio that brought in Jim Gianopulos as chairman and CEO to take over from Brad Grey.

    Sources said Gianopulos spent much of a recent week in Beijing meeting with executives from the two Chinese investors. The talks were a continuation of discussions held between the parties in Los Angeles in the weeks prior, sources said. Gianopulos' primary task during the talks was to sell his vision and establish a relationship, sources said.

    On the call, Bakish also gave a shoutout to Gianopulos, calling him a "smart, seasoned executive" who is looking to reenergize the studio and its film pipeline. He also said Gianopulos was working with the company's TV networks to develop co-branded projects, Bakish said.

    Bakish said he has already felt the presence of the new studio boss in a positive way, saying he was "very optimistic" about its outlook under the new leader. "There is no question that Paramount will turn," Bakish said.

    Davis added that Gianopulos has "jump-started the culture there" and fine-tuned certain processes at Paramount. The CFO said those are some things that "we expect to have a positive impact on '18."

    The CFO also said there could be more, but smaller film unit charges ahead as Gianopulos assesses previously ordered films. He signaled the new studio boss could, for example, choose not to go ahead with select projects if he doesn't see real potential in them. Viacom previously took a $115 million for Monster Trucks, which was released in the first calendar quarter of this year.

    Bakish also articulated what specific changes Viacom has made in its pursuit of a turnaround and what’s still to come. He reiterated the need to refit the organization, create partnerships instead of adversaries, especially in affiliate sales, and a focus on core brands and values.

    He highlighted that MTV remains a particular focus as it will need time to gain traction by concentrating on its traditional live and unscripted programming. Bakish said he was excited about an expanded slate of new content and new talent set to debut on MTV in the near future.

    Bakish on Thursday also discussed two issues of investor concern in recent days – advertising trends and pay TV subscriber trends.

    On the ad market, he mentioned early upfront market talks, saying: “While it is early days, I am optimistic about this year’s upfront and believe that both television and Viacom are well positioned.”

    On pay TV and distribution issues, Bakish said his team was foused on “how we can build more value for all parties.”
    That is why “we are not waiting until [carriage] renewals to engage," he continued. "In fact, we are currently actively engaged with a number of parties all outside the traditional renewal discussions." He detailed that "we are speaking with several [pay TV distributors] regarding variations on the entertainment skinny pack concept," adding: "We are optimistic that one could launch by the end of this year.”

    The call took place after Viacom earlier on Thursday reported better-than-expected underlying financials for its fiscal second quarter. Right after the earnings report, Viacom's stock in pre-market trading rose, but it dropped once the market opened. As of 10 a.m. ET, it was down 3 percent as investors seemed to focus more on ad and pay TV distribution concerns than the better-than-expected results.
    Gene Ching
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  12. #282
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    Backend pacts

    How Hollywood Is Squeezing More From China Film Deals
    7:00 AM PDT 6/16/2017 by Patrick Brzeski


    Johannes Eisele/Getty Images

    New backend pacts offer studios a bigger slice of the box-office pie.

    Traditionally, there have been just two ways for a Hollywood movie to gain access to China's massive theatrical market. A studio can lobby to secure one of Beijing's coveted release slots under the country's notorious quota system, which limits foreign film imports to just 34 titles per year and pays out merely a 25 percent share of box office. Or, a production company can resort to China's less visible secondary import mechanism, known as the flat-fee, or buyout, model. Under this system, Chinese distribution companies negotiate a one-time fixed price with the foreign production company for the rights to release the film in China, taking all box-office revenue in return.

    The U.S. and China currently are engaged in a closely watched renegotiation of the quota system, which is the distribution method preferred — and dominated — by the Hollywood majors.

    The rest of the hundreds of movies produced around the world each year have had to hope to secure flat-fee deals. But while industry attention always has focused on the once vastly more lucrative quota slots, both the volume and value of the film deals utilizing the flat-fee system have surged. In 2016, 51 international movies were sold into China for a flat fee, compared with just 28 the year prior.

    "The buyout price for flat-fee films has been going up constantly," notes Stan Rosen, a professor at USC who specializes in the Chinese film industry. "In the old days, studios would sell a movie for $20,000 to $50,000, because piracy was rampant. Now, the right film can go for up to $10 million."

    Perhaps even more significant for Hollywood, the structuring of such deals has become more flexible and beneficial to the rights owner. Under a newly emerging deal structure — which is somewhat akin to a hybrid of the two old systems — the Chinese distributor pays a minimum guarantee for the right to distribute the film in partnership with China Film Group or Huaxia (the two state-backed companies that hold a duopoly over film imports). But once the movie crosses certain pre-agreed box-office milestones, the foreign producer becomes entitled to a share of revenue or lump-sum bonuses.

    "The market is opening now, and there are many different types of deals — you can propose and discuss anything," says Zhang Jin, CEO of Beijing-based Joy Pictures, which successfully imported Lionsgate's La La Land under an arrangement of this kind (the film earned $30 million in China).


    Courtesy of Ilze Kitshoff/Sony
    Resident Evil: The Final Chapter was acquired by China’s Leomus Pictures with a minimum guarantee and went on to gross $160 million.

    "Before, it was all flat deals, but now everyone is talking about a minimum guarantee with backend bonuses or a share of box office," adds Zhang, noting that sellers at Cannes in May were almost universally unwilling to accept a simple flat-fee offer for China rights.

    The new model is expected to dominate sales negotiations at the Shanghai International Film Festival, further propelling the event's global importance.

    The Chinese release of Resident Evil: The Final Chapter in February is regarded as a watershed moment. Acquired by growing film marketing player Leomus Pictures with a minimum guarantee understood to be in the $5 million to $10 million range, the China release went on to earn a huge $160 million in the Middle Kingdom.

    "It's indicative of the Chinese film market taking off as well as it has," says Rosen. "For a film that is prominent and well known in North America, Europe and Japan, why let China get it for next to nothing? People are tired of that. That used to happen before, but times have changed."

    This story first appeared in the June 14 issue of The Hollywood Reporter magazine.
    I have this feeling that Transformers will be the next film to cash out in PRC.
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  13. #283
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    16% in 2017

    Shanghai: China's Box Office Predicted to Grow as Much as 16 Percent in 2017
    3:37 AM PDT 6/21/2017 by Abid Rahman


    Courtesy of Universal Pictures
    'Fate of the Furious' made $392 million at the box office in China

    After years of stellar growth, the county's theatrical market slowed dramatically last year, but Chinese analysts predict a rebound.
    After a sluggish performance in 2016, China's box-office revenue is projected to grow as much 16 percent this year, according to an analysis by Fudan University.

    The rosy box office figures came from Dr. Qin Chen, a research fellow at the Fudan University School of Economics, who presented his findings to industry insiders at the Fanink sponsored forum held at the Shanghai International Film Festival on Tuesday.

    Chen said that based on the performance of the first half of 2017, the Middle Kingdom's theatrical market will grow in a range between 9.7 percent and 15.9 percent year-on-year for a total revenue range forecast of $7.4 billion-$7.8 billion (Ұ50.5 billion-Ұ53.3 billion).

    The optimistic outlook is at odds with 2016, when China's total box-office growth slowed markedly. Ticket revenue growth slowed to 3.7 percent to reach Ұ45.7 billion ($6.58 billion), according to official data from China's State Administration of Press, Publication, Radio, Film and Television.

    Last year's weaker gain at China's box office was attributed to a combination of factors and subject of much debate. Chief among the reasons were weaker local films, a crackdown on box-office fraud, big cutbacks in generous ticket subsidies from fast-growing online platforms and overall weakness in the Chinese economy.

    Chen pointed to the fast start made at the Chinese box office this year, with big Hollywood tentpoles leading the charge. Universal's Fate of the Furious raced past the competition earlier this year to become the biggest foreign movie in China ever, clocking up a massive $392 million. Kong: Skull Island hit pay dirt in the world's second movie market with $168 million, a figure that was level pegging with its domestic take.

    The big surprise was Sony's Resident Evil: The Final Chapter, which grabbed a hugely impressive $160 million to spark talk of more sequels. There were also strong performances from Logan ($106 million), Guardians of the Galaxy Vol. 2 ($101 million) and Beauty and the Beast ($85.8 million). Disney's Pirates of the Caribbean: Dead Men Tell No Tales is still in theaters in China and has already made more than $140 million in its run so far.

    There have also been a few big local films, with Jackie Chan's martial arts comedy Kung Fu Yoga earning $254 million, and Tsui Hark-directed comedy Journey to the West: The Demons Strike Back picking up $240 million.

    The second half of the year also looks promising with the fifth Transformers movie opening in the country on Friday. Transformers: Age of Extinction grossed $320 million in China in 2014 and became a country-wide phenomenon. Sony's Spider-Man: Homecoming and Universal's Despicable Me 3 should also do good business in China.
    Part of the reason why it 'slowed dramatically last year' was because it was on such a ridiculous meteoric rise. Once the fervor cooled down, it appeared to slump, but really it just normalized. Regardless, the growth has continued. And someday, I'll have to change to title of my column.
    Gene Ching
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  14. #284
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    Hollywood audit

    Hollywood Auditing China Box Office In First Look At Middle Kingdom Books
    by Nancy Tartaglione
    June 27, 2017 3:35am


    Sebastien Thibault

    While box office manipulation has long been a major issue in China, the vast market has increasingly vowed to crack down on cheats. Now, the MPAA has hired an accounting firm to audit Middle Kingdom ticket sales on a select number of films. This is the first time the Hollywood studios are availing themselves of a clause in the longform agreement with China which gives them the ability to take their own close look at the books.

    I understand that the decision to trigger the audit was a group call made by the MPAA’s member companies. While it’s a sensitive subject, the practice has happened in other markets and helps gain a better understanding of the exhibition and distribution sectors. In China, they’ve been historically murky to say the least. Bloomberg first reported news of the current steps taken by the MPAA amid concern over inaccurate reporting.

    It’s not clear what titles the audit is looking at, nor when it will conclude — this is a market of over 40K screens with nearly 40 Hollywood movies released on a revenue-share basis in 2016 and more under flat-fee deals.

    But, it’s a smart move as the world’s fastest-growing market becomes an increasingly important part of Hollywood economics. Although box office improvement ground to a sputter of just 3.7% in 2016, this year has seen Hollywood dominate. Eight films have already crossed the $100M mark locally, led by smash The Fate Of The Furious.

    The PROC powers-that-be have also been more carefully policing their own back yard in recent months. Last November, authorities established a new film industry law which vowed to be tough on box office fraud, ultimately resulting in suspensions, fines and warnings this past March.

    Earlier in 2016, SAPPRFT slapped the distributor of Hong Kong actioner Ip Man 3 with a one-month suspension from releasing films after investigating it for fraud. That was after the distributor of 2015 hit Monster Hunt had given away $6.2M worth of tickets for “public welfare screenings” and acknowledged there were overnight and duplicate showings.

    Also in 2015, there were reports of box office being falsely goosed when moviegoers buying tickets to see Terminator: Genisys were sold entries to propaganda film The Hundred Regiments Offensive so that the coin would go into the local film’s coffers. Write-ins then allowed folks to instead see the film they initially sought. The state stayed silent on that one.

    Indeed, 2015 came replete with what execs have previously characterized as “shenanigans” and “tricks.” Per a 2016 Xinhua report, statistics indicate that at least 10% of all box office takings have been “stolen” in recent years.

    News of the audit comes as China and the U.S. Trade Representative have begun negotiations on a new industry contract. The last one in 2012 upped the quota floor on foreign films to 34 and increased to 25% the box office revenue share. This time around, the studios are looking to improve terms. On the agenda are discussions about another possible revenue-share hike; more transparency and flexibility over release dates; and potentially an increase in the number of rev-share titles (although there are schools for and against as PROC P&A costs rise). Those talks will likely continue into next year.
    Curious to see how this goes...
    Gene Ching
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    required propaganda

    You can see the ad if you follow the link.

    Chollywood rising enlists Jackie & Donnie, et.al.

    China requires all cinemas to show a three-minute-long propaganda video before every movie as Beijing tightens censorship

    The video was introduced into Chinese cinemas on July 1
    It features celebrities such as Jackie Chan and Donnie Yen speaking
    The video focuses on the 'Chinese dream' and not dissapointing your country

    By Sophie Williams For Mailonline
    PUBLISHED: 08:00 EDT, 6 July 2017 | UPDATED: 08:09 EDT, 6 July 2017

    Cinema goers in China are now subject to watching a three-and-a-half minute long propaganda video before watching the film they were intending to see.

    From now up until the 19th National People's Congress later this autumn, people will sit through the video aiming to promote national unity and 'the Chinese dream'.

    The video has had a mixed response with claims that some movie-goers have been avoiding going into the screening before the advert comes on.

    Screen idols star in Chinese Dream cinema campaign propaganda


    The video features many well-known Chinese figures sharing their views on China's dream


    Chan tells the audience: 'Country is good, people are good, everything will be good'

    The three-minute video was produced by the State Administration of Press, Publication, Radio, Film and Television (SAPPRFT).

    It will be shown from now up until the 19th People's Congress this coming autumn. During the People's Congress, President Xi will start his second five-year term as President.

    According to state-media, the video aims to help people better understand party policies.

    It includes famous Chinese actors such as Jackie Chan, Angelababy and recent Rogue One and IP man actor Donnie Yen.

    Jackie Chan tells the audience: 'The country is good, the people are good, everyone will be good. Everyone fight for the Chinese dream, only then can you get the dream to come true. The power of the Chinese dream.'


    Donnie Yen reads a quote from Mao Zedong in the video shown before a feature film

    The video starts out with patriotic music before saying: 'The Chinese dream is an international dream, people's dream, everyone's dream.'

    Chinese actress Li Bingbing can be heard saying: 'No matter what you do, as long as you respect the country, our society, our nation and our family, you are helping us to realise the Chinese dream.'

    A cinema employee in Beijing told the Global Times: 'Many came late for the movie just to avoid the short video and others complained about the video after watching the movie.'

    Many people have commented on the video on Chinese site Weibo.

    One user said: 'We must work hard together to create the Chinese dream!'

    While another wrote: 'The Chinese dream is the dream of every Chinese person and we should encourage it.'

    China makes further crackdown on its internet to curb anything that doesn't fall in line with socialist values


    All content posted on the internet is to be checked that it is in line with socialist values

    The advert comes as China announces further measures to crack down on the country's internet.

    Over the past month, Chinese regulators have closed gossip websites and restricted what videos people can post on the grounds of inappropriate content.

    Last week, an industry association circulated new regulations that require all audiovisual content posted online to be checked.

    Documentaries, micro movies, sports and educational material will all have to adhere to core 'socialist values.'

    Topics deemed not in line with these values include drug addiction and ****sexuality.
    Gene Ching
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