Industry News

The Hollywood Reporter -
October 14, 2016
Wanda to Unveil Massive 40 Percent Incentive to Lure Hollywood Film Shoots to China
The production subsidy plan will be among the most generous in the world and could be a game changer for the Chinese film industry.
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Deadline Hollywood -
October 9, 2016
China’s Alibaba Takes Stake in Steven Spielberg’s Amblin; Will Team On Global Pics
In the most significant move by Alibaba Pictures to date, the company has taken a minority equity stake in Steven Spielberg’s Amblin Partners.
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The Hollywood Reporter -
October 4, 2016
China and Hollywood Converge for Third Annual UCFTI Expo
Execs from Fox, Huayi Brothers, Le Vision, Warner Bros., STX and more will gather to discuss the future of dealmaking and collaboration between the world’s two biggest film markets.
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Deadline Hollywood -
September 21, 2016
China’s Wanda Forming Major Alliance With Sony Pictures
EXCLUSIVE: Chinese conglomerate Dalian Wanda Group is about to broaden its Hollywood footprint in a substantial way. The company is closing a significant co-finance deal with Sony Pictures that will see Wanda take minority stakes in certain Sony tentpole-sized films, the ones that have global appeal.
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The Hollywood Reporter -
August 31, 2016
China's Le Vision Pictures Hires Ex-Paramount President Adam Goodman to Run L.A. Office
The veteran film exec will spearhead Le Vision's plans to produce an ambitious slate of U.S.-China co-productions with various Hollywood studio partners.
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Deadline Hollywood -
August 30, 2016
Former Paramount & Disney Exec Named CEO Of China-Based Alpha Animation
Bob Bacon, a former executive at Disney and Paramount Pictures, has just been named CEO of Alpha Animation, a new division of the China-based Alpha Group Co.
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Variety -
August 24, 2016
What Is Fueling Wanda’s Hollywood Dealmaking?
Wang Jianlin, the 64 year-old chairman of China’s Dalian Wanda group, is in too much of a hurry to worry about having his corporate wrist slapped by regulators over a shelved plan to absorb Legendary Entertainment into Wanda Pictures.
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The Wrap -
August 23, 2016
Wanda Plans to Acquire 2 Billion-Dollar US Film Companies This Year
“My goal is to buy Hollywood companies and bring their technology and capability to China,” says chairman Wang Jianlin
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Los Angeles Times -
August 22, 2016
With two kung fu films, HBO cautiously tests the waters in China
For American film and TV show creators and distributors, it hasn’t exactly been smooth sailing in China recently.
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The Hollywood Reporter -
August 12, 2016
James Wan's Atomic Monster Inks Deal With China's Starlight Media (Exclusive)
The Chinese company will finance films with budgets up to $100 million.
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Los Angeles Times -
August 11, 2016
STX Entertainment secures funding from China's Tencent and PCCW
In a further sign of Hollywood's deepening ties with China, startup studio STX Entertainment has secured major strategic investments from Chinese technology giant Tencent and Hong Kong-based telecommunications firm PCCW.
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The Verge -
July 27, 2016
What is LeEco, and why is it buying Vizio?
Chinese tech firm LeEco made its biggest splash on American soil yet yesterday with the announcement that it's acquiring Vizio, the biggest US maker of TVs, for $2 billion. You might not be familiar with the name, but in LeEco's short history the ambitious company has achieved one of the fastest and most flamboyant rises to prominence so far in the Chinese tech space, going from streaming video site to aspiring self-driving car pioneer.
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The Hollywood Reporter -
July 25, 2016
China's Alibaba Pictures Launches $300M Investment Fund
Jack Ma's fledgling film studio has invested in several high-profile Hollywood projects, including 'Star Trek Beyond' and 'Mission: Impossible — Rogue Nation.'
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The Hollywood Reporter -
July 24, 2016
China Box Office: Jackie Chan's 'Skiptrace' Rockets to $60M
Jackie Chan’s action comedy Skiptrace shot to $60 million over its four-day opening at the Chinese box office, easily besting Warner Bros.' The Legend of Tarzan.
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The Hollywood Reporter -
July 19, 2016
China Film Group Sets Date for $611M IPO
China's dominant state-backed movie distributor, China Film Co., has set a date for its long-anticipated $611 million (4.09 billion yuan) initial public offering. The IPO is expected to be the largest in the history of Chinese entertainment.
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The Hollywood Reporter -
July 12, 2016
AMC Theatres to Acquire Europe's Odeon & UCI Cinemas in $1.2B Deal
With the pound hit by the Brexit vote, the Wanda-owned giant will buy the London-based company, the largest European exhibition group, from private equity firm Terra Firma.
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The Hollywood Reporter -
June 8, 2016
Box Office: Can 'Warcraft' Win the Battle Without the U.S.?
Legendary's big-budget video game adaptation has already won over fans in Germany and Russia, and is counting on doing mega business in China.
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The Hollywood Reporter -
June 8, 2016
Hollywood's Good News/Bad News China Problem
The country's movie industry is set to grow 19 percent a year and reach $15 billion, says PwC's new annual report, but the U.S. share of it is declining rapidly.
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Variety -
May 23, 2016
Hollywood Heads for Crowded June in Chinese Theaters
“The Angry Birds Movie” opened well in China over the past weekend with a cute $30 million. But it stands to have its wings clipped by a flock of Hollywood new releases in the Middle Kingdom.
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The Hollywood Reporter -
May 10, 2016
'Captain America' Filmmakers to Produce Chinese Superhero Franchise
Following the massive debut of 'Captain America: Civil War,' which opened to $95.8 million in China, Joe and Anthony Russo will produce a local-language franchise targeting the Chinese audience.
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The Hollywood Reporter -
April 27, 2016
Ratpac, Warner Bros. to Launch Chinese Film Fund With China Media Capital (Exclusive)
Warner Bros. and Ratpac are doubling down on Chinese-language film production, Brett Ratner told THR in Beijing.
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The Hollywood Reporter -
April 21, 2016
U.S. China Film & TV Industry Expo to Launch Golden Screen Awards
The new awards gala, held during the U.S.-China industry conference in November, will honor film professionals and companies for excellence in co-productions and international relations.
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The Hollywood Reporter -
April 21, 2016
China Exec Who Put $500M Into Universal Pictures Says "More to Come"
Rong Chen, president of Chinese film and television company Perfect World Pictures, talks with THR about the challenges facing the foreign film industry and his future ambitions in Hollywood in his first extended interview with the Western media.
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Variety -
April 20, 2016
Are Hollywood Blockbusters Losing Their Punch at China’s Box Office?
The second-week decline in the global box office of “Batman v Superman: The Dawn of Justice” was an unpleasant surprise for Warner Bros. But its vertiginous drop in China, the world’s second-biggest movie market, was even more brutal, and may mark a rude awakening for not only the Burbank studio but for Hollywood in the Middle Kingdom.
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Los Angeles Times -
March 29, 2016
Former Disney executive Dick Cook inks $500-million production deal with Chinese film company
Dick Cook Studios, the namesake venture of the former Walt Disney Studios chairman, has signed a $500-million production deal with Film Carnival, a Chinese movie company.
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Variety -
February 19, 2016
Chinese Digital Giant LeEco Expands Into U.S. Market, Eyes Other Global Content Partners
New year’s celebrations are winding down in China this week, where the whole country has been at a virtual standstill for a little over a week. Lunar New Year is China’s biggest holiday, and the most recent one rang in the Year of the Monkey. “Monkeys are known as great leaders,” says Zhang Zhao, CEO of Beijing-based LeVision Pictures. “Great leadership also (reshapes) what it means to be innovative by breaking down borders.”
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Film Journal -
November 25, 2015
Theme Parks and Beyond: China encourages marriage of entertainment and real estate
On Sept. 29, Kevin James, director and chief liaison of the Los Angeles Mayor's Office of Film & TV Production, noted at the second U.S.-China Film & TV Industry Expo at the Los Angeles Convention Center that “the relationship between China and Hollywood continues to grow and become intertwined as more partnerships and investments surge.”
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Los Angeles Times -
September 30, 2015
China’s friendlier relationship with Hollywood may not extend to loosening its quotas
Despite deepening ties with Hollywood, China may not be ready to scrap an unpopular quota that restricts the number of foreign movies it allows into the country. That was the sobering assessment of at least one industry analyst Tuesday at a conference in Los Angeles on the much-ballyhooed China-Hollywood relationship.
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Variety -
September 29, 2015
Breaking the Rules of Chinese-American Film Collaboration
The audience at the second annual U.S. China Film & TV (UCFTI) Expo may have been looking for simple rules to follow to produce filmed entertainment for and with the Chinese. But the lesson from producers and writers, speaking Tuesday on the second day of the Expo, was that there are no rules.
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Variety -
September 28, 2015
More China-U.S. Deals on the Way, Say Top Execs
The entertainment industry is getting ready for more deals in the explosive Chinese market. That was the bottom line Monday from the U.S.-China Film and TV Industry Expo at the Los Angeles Convention Center as a variety of execs cited an increased familiarity with how the two countries operate.
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Variety -
August 27, 2015
Variety, U.S. China Film & TV Industry Expo Partner for Second Annual Gathering
Variety and the U.S. China Film & TV Industry Expo are partnering for the second annual convergence of industry leaders. “Last year’s expo provided a great base for starting these important conversations,” UCFTI Expo CEO Bianca Chen said. “With Variety by our side as a co-partner for this year’s expo, we are confident that this year will be even more beneficial in allowing both the U.S. and China to take advantages of each other’s strengths and resources.”
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Deadline Hollywood -
September 15, 2014
Los Angeles Mayor Courts Chinese Film And TV Production To Come To City
Ahead of the signing this week of a much-enlarged California production tax-incentive package, Los Angeles Mayor Eric Garcetti told a conference of U.S. and Chinese film and TV executives that “Hollywood is open for business and we will roll out the red carpet” for projects that bolster the city’s entertainment industry.
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Los Angeles Times -
September 15, 2014
Film official cautions against importing Hollywood values into China
It's now the world's biggest film market outside the U.S. But how do Hollywood filmmakers successfully penetrate the Great Wall of China?
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The Hollywood Reporter -
May 23, 2014
China's 2014 Box Office Hits 10 Billion Yuan Milestone in Record Time
The country's box office total reached $1.6 billion a month earlier than last year, with domestic titles leading the way, but Hollywood releases also doing big business. Chinese box office broke through the key threshold of 10 billion yuan ($1.6 billion) on May 21, with domestic fantasy epic The Monkey King topping the local charts for the year so far, followed by Captain America: The Winter Soldier.
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Variety -
May 5, 2014
'Big Bang Theory' Will Stream Again in China, Expo Exec Anticipates
Raymond Cheng, Chief Operating Officer of the upcoming U.S. China Film & TV Industry Expo, expressed optimism Monday that “Big Bang Theory” will be made available for streaming to Chinese audiences after the hit American comedy suddenly vanished in the region last month. “I think it will be back on the air very soon,” said Cheng at the Variety Entertainment & Technology Summit. “I think there’s enough incentive to make it happen.
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The Hollywood Reporter -
April 14, 2014
First US China Film and TV Expo To Take Place
The inaugural U.S.-China Film and TV Industry UCFTI Expo, aimed at boosting cooperation between the U.S. and China film industries, will take place Sept. 15 and 16 at the Los Angeles Convention Center. The Expo, which was originally slated to take place in March but was postponed because it conflicted with China’s annual parliament, the National People’s Congress, will unite U.S. filmmakers ...
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Los Angeles Times -
April 14, 2014
US China Film & TV Industry Film Expo Coming to LA
As the ties between Hollywood and China continue to deepen, organizers plan to bring a first-of-its-kind entertainment industry convention to Los Angeles this fall. The U.S. China Film & TV Industry Expo, aimed at broadening business relationships between film and TV producers in the U.S. and China, will hold its inaugural event Sept. 15 and 16 at the L.A. Convention Center.
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