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China Screen Press. October Issue

 

Beijing’s Galloping Horse reins Hollywood’s Digital Domain                           Back to  CSP Articles

http://news.mtime.com/2012/09/24/1497874.html

Sep 24, 2012 Mtime 时光网 by NiuYaoKe.    Summarized by Zhang Yan and Ian Lang

Hollywood film special effects company Digital Domain has been bought by Chinese company Beijing Galloping Horse Film & TV Production and Indian company Reliance Mediaworks

As a result of the purchase, Galloping Horse now has a controlling 75% interest in Digital Domain’s core business of special effects and a Canadian effects studio. The deal builds Reliance Mediawork strong US exposure with the company already owning 50% of DreamWorks Studios.

 

Movies released on “blind faith”

http://www.smweekly.com/review/201209/31297.aspx

Sep 25, 2012 Smweekly 南都娱乐周刊 by Liu Qian, Zhang Yan.    Summarized by Zhang Yan and Ian Lang

Five big new movies fought for audiences over the National Day holiday from September 30 to October 7, following a drought of local releases from mid to late September. An insider describes the release strategy as “blind faith”.

H. Brothers CEO Wang Zhong-Lei says the movie release dates have been a problem for the last three years, and shows immaturity of the Chinese market.

Most film companies believe that earnings rely on "good days", favoring release in the summer holiday, Chinese spring festival, three Chinese traditional holidays and Valentine's Day. Blockbusters seize these dates, whilst small films struggle just to be released. Some companies even consult fortune-tellers to guide release dates.

 

Chinese stars to Hollywood

http://www.smweekly.com/news/report/201210/31378.aspx

Oct 8, 2012 Smweekly 南都娱乐周刊 by Zhang Yan, Liu Qian.    Summarized by Zhang Yan and Ian Lang

American franchise films are developing an appetite for Chinese stars to aid marketability.

This year alone, Li Bing-bing has appeared in Resident Evil: Retribution, Zhou Xun in Cloud Atlas, Xu Qing in Looper and Yu Nan in The Expendables 2.

Chinese stars prefer Hollywood movies with a brand, with many Chinese actors competing for roles in The Expendables and Iron Man. Hollywood companies want stars with strong marketability in China. The stars want simultaneous opening, and their own global promotion as a main character in the film.

An actress noted her endorsement deals depend largely on her movie appearances, so Hollywood is still the place to go for many aspiring Chinese actors.

 

TV’s Voice of China cramps box-office

http://life.rednet.cn/c/2012/10/08/2769810.htm

Oct8, 2012 REDNET.CN 红网 by Li Fang-ming.    Summarized by Zhang Yan and Ian Lang

Audiences have stayed away from cinemas in droves on the first day of the National Holiday, September 30th, to watch the finale of television series The Voice of China.

Exhibitors believe the show is responsible for Friday night cinema box-office falls of 20% during the show’s broadcast season.

 

Toll-free National Day holidays yield low box-office

http://www.bjnews.com.cn/ent/2012/10/09/226522.html

Oct 9, 2012 XinJingBao 新京报 by Yang Lin.    Summarized by Zhang Yan and Ian Lang

According to China Film News data, total movie income from October 1 to 7 grew 23% to UD$62.4 million. Cinema admissions grew 14% to 11 million, compared to the same holiday period last year. Screenings have grown by 62%, however total admissions are down comparatively.

Some insiders believe that more people are choosing to travel during the holiday break as highway tolls were cancelled for the first time ever during this period. A lack of standout local product is not helping.

Over the holiday week, Taichi 0 earned US$12.4 million helped by higher 3D and IMAX ticket prices, while Looper took US$12.1 million.

 

H. Brothers branch into real estate

http://www.21cbh.com/HTML/2012-10-23/zMMzA3XzU0NTUzMA.html

Oct 23, 2012 21cbh.com 21世纪经济报道 by Zhang Han-shu.   Summarized by Zhang Yan and Ian Lang

China’s biggest movie production company H. Brothers, is branching into real estate with the development of a movie theme park in Haikou in Hainan province. It will include garden-parks, studios, hotels and stores, to be completed in 2014.

A foundation laying ceremony for the park called Feng Xiao-gang Film Commune, was held on October 20. H.Brothers are investing a share of more than US$159.9 million in the total project costed just under US$800 million.

Shao Gang from Chinese market-research firm Entgroup says 70% of China’s theme parks are losing money, but act as a loss-leader for other development. Real estate companies buy government land at favorable prices to build culturally approved theme parks, then raise the price of the land around it for building residences and commercial centers.

An insider said: "After the central government re-asserted price control over real estate, local governments have preferred real estate cultural industry projects, considered to be a pillar industry in Chinese government's five-year plan for 2011 through 2015.”

CSP asserts no copyright over articles quoted and takes all care in translations but no responsibility for the individual views of reporters quoted. Errors and omissions will be corrected on notification.