China – Page 2 – FilmTake

Lionsgate Inks Long-Term Digital Licensing with iQiyi

December 5, 2016 FilmTake Comments Off

Lionsgate entered into a long-term content licensing agreement with iQiyi in November 2016 for upcoming features and select library films.

China’s iQiyi and Sony Sign Coproduction Agreement

December 5, 2016 FilmTake Comments Off

iQiyi, a Chinese online video site owned by Baidu, announced in December that the company is coproducing a three-part local-language series with Sony.

Unofficially Relaxing Film Quotas in China

November 18, 2016 FilmTake Comments Off

The unofficial expansion of the Chinese film quota system is taking place right now. So far in 2016 over 40 revenue-sharing films have screened.

Buying Spree Continues with Voltage Pictures

November 14, 2016 FilmTake Comments Off

Xinke New Materials is acquiring an 80% stake in Nicolas Chartier’s Voltage Pictures. The acquisition amount will range between $345 and $518M.

China’s Rampant Box Office Fraud

November 10, 2016 FilmTake Comments Off

On Monday, China passed its first law addressing unbridled box office fraud. For years, theatrical corruption has been accepted as a part of doing business.

Hollywood Welcomes Wanda Group’s CEO Wang Jianlin

October 18, 2016 FilmTake Comments Off

Wanda’s CEO Jianlin is in Hollywood to purchase more media properties. The acquisition of Legendary for $3.5 billion was the biggest Hollywood-China tie-up.

Netflix Hits the Great Wall of China

October 11, 2016 FilmTake Comments Off

“Disney, which is very good in China, had their movie service shutdown. Apple had their movie service closed down. It doesn’t look good.” – Netflix CEO

China’s State-Owned Film IPO Bonanza

September 14, 2016 FilmTake Comments Off

One week before Shanghai Film went public, state-owned Omnijoi Media, listed on the ChiNext. On the very next day, China Film made debut on the main board.

China’s Burgeoning Online Video Providers

September 12, 2016 FilmTake Comments Off

In a shocking spectacle of insider dealing, the Chairman of Baidu, along with others announced plans in February 2016 to buyout iQiyi from Baidu for $2.3B.

Streaming

China’s SVOD Market Set to Explode

September 4, 2016 FilmTake Comments Off

China’s online video market is massive: there are 660 million internet users, and 75% of those consume video content online. However, the SVOD model is new.

Update: Legendary Crossed $2B in Global Receipts

July 25, 2016 FilmTake Comments Off

For the first time, films produced by Legendary crossed $2B in box office receipts in 2015. Jurassic World accounted for 77% of all global receipts.

Update: Auditing China After $12M Paramount Fraud

July 15, 2016 FilmTake Comments Off

The MPAA and China film regulators negotiate to address box office fraud and expanding the number of non-Chinese films permitted on the mainland.

Rush to Offshore

January 23, 2016 FilmTake Comments Off

China’s Perfect World Pictures will co-finance 25% of Universal’s B-slate over five years. The $500 million deal is the second major tie-up in a week.

Insight: Wanda’s Antitrust Issue After Legendary Acquisition

January 14, 2016 FilmTake Comments Off

Antitrust issues are on the horizon for Wanda Group: CEO Wang Jianlin, China’s richest individual, announced the acquisition of Legendary for $3.5 billion.

News: Animation Studio Chairman Disappearance

December 27, 2015 FilmTake Comments Off

In August 2015, angry investors who lost money on Shan Jiuliang’s Fanya Metals Exchange, attacked, detained, and escorted him to the closest police station.

Insight: Chinese House of Cards

December 13, 2015 FilmTake Comments Off

Financial backer of Jeff Robinov’s Studio 8, Fosun International, suspended trading on its stock after their chief executive went missing.

Lionsgate End of an Era

December 12, 2015 FilmTake Comments Off

[Updated]: With Divergent: Allegiant and Now You See Me 2 both tracking around $120 million each, how is Lionsgate going to plug a $350 million hole in their slate?