Adam Driver Sci-fi Film ’65’ Confirmed to Land in China Cinemas

Patrick Frater Asia Bureau Chief Alibaba, the Chinese e-commerce and media group, unveiled a top to bottom corporate restructuring that it says is intended to “unlock shareholder value and foster market competitiveness.”  The group, which has a current market capitalization of $228 billion, will split itself into six divisions of differing sizes. Each unit will have a CEO and a board of directors and can pursue independent fund-raising or even IPOs, when they are ready. At present Alibaba has its shares and ADR shares listed in Hong Kong and New York. Some parts of its media business also have their own Hong Kong share listing Alibaba Pictures. (And there is a healthcare business with yet another share quote.)

Patrick Frater Asia Bureau Chief Japanese animation film “Suzume” made just shy of $50 million on its opening weekend in mainland Chinese theaters. Data from consultancy Artisan Gateway, shows “Suzume” grabbing the top spot at the box office with $49.6 million (RMB342 million) between Friday and Sunday. That is the biggest opening score by any film this year outside of the Chinese New Year holiday week in late January. The next best is “Ant-Man and the Wasp: Quantumania” which opened with $19.4 million in mid-February. Directed by Shinkai Makoto, “Suzume” was a hit in Japan where it was released late last year and has remained on screens for a $105 million total. It played in February at the Berlin Film Festival, where it came away largely empty-handed, but has subsequently performed strongly in the Asian territories where it has released. (In South Korea, where it is now the second highest grossing film released in 2023, its third weekend is its strongest to date.)

Patrick Frater Asia Bureau Chief Taiwan has become a go-to destination for Chinese language series production over the past few years, as international streamers have taken the initiative and as the local content trend has become entrenched in Asia. While some of Taiwan’s advantage may have been handed to it as a result of regional political factors, the movement has led to greater interest in Taiwan stories, both historical and modern.Five Taiwan TV projects are being pitched at Series Mania, that are deemed to have international appeal according to Taiwan Creative Content Agency (TAICCA), a government-backed agency that has become noticeably proactive over roughly the same period.

Patrick Frater Asia Bureau Chief It is becoming harder not to perceive Tencent, China’s tech and entertainment giant and the world’s largest games firm by revenue, as a utility. It is now too big to be a growth stock darling and too widely-spread to escape the gravity of China’s underlying economic trends. Revenues in calendar 2022 flatlined at RMB554 billion, while net profits dropped 16% to RMB188.2 billion ($27.0 billion). The decrease reflected China’s economic reversal that began in the second quarter of the year with the arrival of a new COVID strain and stricter government measures to combat it. Tencent’s advertising revenues fell slightly, costs rose somewhat, and subscriber number were mixed – rising in music, but falling in video.

Patrick Frater Asia Bureau Chief The theatrical release of low-budget slasher movie “Winnie the Pooh: Blood and Honey” in Hong Kong has been abruptly canceled just two days before its scheduled outing. No explanation has been offered, but suspicions that the film may have crossed one of Hong Kong’s increasingly complicated political red lines are certain to be raised. That is because the Winnie the Pooh character is unflatteringly perceived to have a physical resemblance to China’s president, Xi Jinping. Online search for Winnie the Pooh is heavily censored within mainland China and Winnie the Pooh products are not distributed. China did not permit the import and release of Disney’s 2018 Winnie the Pooh film “Christopher Robin.”

Patrick Frater Asia Bureau Chief Tencent Music Entertainment grew its 2022 profits by 21% to $533 million (RMB3.68 billion), helped by cost cutting and a growing subscription base. It achieved this despite a 9% decrease in revenues to $4.1 billion (RMB28.3 billion). The group, which is backed by Chinese tech and entertainment giant Tencent and has stock market listings on the New York Stock Exchange and in Hong Kong, is China’s largest digital music outfit and controls large equity stakes in Spotify and (in a consortium with Tencent) Universal Music Group. Tencent Music’s own operations divide loosely into two clusters: mass market music streaming, with paid-for and free tiers; and “social entertainment,” including karaoke and other derivative products.

Patrick Frater Asia Bureau Chief “Like & Share” from Indonesia’s Gina S. Noer was named the best picture and collected the Grand Prix on Sunday at the Osaka Asian Film Festival. “All of us on the jury were struck by the film’s clear and powerful message, which affirms young women’s sexual curiosity and desire while clearly saying no to sexual violence. The style of the film is also original. The sweet, poppy feeling that fascinates the audience in the first half of the film becomes darker as the story progresses, making us shudder. “Like & Share,” with its strong message and brilliant direction, is a film that needs to be seen now more than ever,” said the jury in a statement.

Patrick Frater Asia Bureau Chief Hollywood’s new release titles fantasy action adventure “Shazam! Fury of the Gods” and horror thriller “M3gan” made only modest impressions on the box office in mainland China in their opening weekends. The box office chart was led by “Post-Truth,” a Chinese comedy which probes the impact of social media in a story about a wronged small-time businessman. It earned $18.8 million (RMB130 million) in its second weekend of release, according to data from consultancy Artisan Gateway. That was an increase of more than 10% on its opening frame. After ten days on release, “Post-Truth” has a cumulative of $51.2 million (RMB353 million).

Patrick Frater Asia Bureau Chief The Hong Kong Trade Development Council said Thursday that 7,300 executives from 41 countries had attended its FilMart and Entertainment Pulse events this week (March 13-16). “The revived physical marketplace was as vibrant and active as in the past,” organizers claimed. In 2019, the last year that FilMart was held as an in-person event, the TDC reported “close to 9,000 visitors from 52 countries and regions.” For 2023, it reported “over 700 exhibitors from 30 countries and regions,” including a record Mainland China exhibitor tally exceeding 330. Those numbers compared with 888 exhibitors from 35 countries and regions in 2019, including 264 exhibitors from China.

Patrick Frater Asia Bureau Chief “Fly Me to the Moon,” a work-in-progress from Hong Kong, dominated the prizes presented at the Hong Kong – Asia Film Financing Forum project market. It collected five awards and was invited to continue its journey at Cannes in May. Directed by first-time feature maker Sasha Chuk and produced by the veteran Stanley Kwan, the film tells the tale of a pair of sisters moving from Hunan to Hong Kong in the 1990s. They are faced with an identity crisis, poverty and their father’s drug addiction. It entered the market with $640,000 of its intended $705,000 production budget in place, and more than filled the gap with the prizes announced on Wednesday.

Patrick Frater Asia Bureau Chief Kowloon Walled City — one of Hong Kong’s most famous landmarks, or infamous trouble spots, depending on your point of view — fell prey to the developers’ bulldozer 30 years ago. But it remains an icon of the territory’s gritty spirit and is being painstakingly re-created for action thriller feature “Twilight of the Warriors: Walled In.” The film is a beacon for how Hong Kong cinema is now evolving. Directed by hot-shot Soi Cheang, whose “Mad Fate” recently played in Berlin and is set for imminent local release, “Twilight” boasts leading stars Louis Koo, Sammo Hung and Richie Jen, plus emerging talents Philip Ng, Raymond Lau and Terrance Lau.

Patrick Frater Asia Bureau Chief The recent reopening of the mainland Chinese box office, including a $1 billion Chinese New Year holiday season, has put a different complexion on the global theatrical industry. Few companies could be closer to that change in fortune than Imax China, a stock market-listed subsidiary of the Imax Corp. The company operates as both a supplier of screens, audio and projection equipment for premium cinemas and as a partner in making local Chinese films fit for exhibition in the giant format. During Chinese New Year, Imax was represented by “Avatar: The Way of Water” and four Chinese movies. Daniel Manwaring, CEO of Imax China, spoke to Variety in his first interview since taking on the top job in January.

Patrick Frater Asia Bureau Chief Chinese director Zhang Hanyi takes an unexpected turn with his latest feature film effort, “The Walking Bird,” which makes its appearance as an in-development project at the Hong Kong – Asia Film Financing Forum (HAF), which takes place alongside the FilMart rights market.  His previous film, 2017’s “Dragonfly Eyes,” was one of the most unusual and stylish films of the year from anywhere in the world. It told a disturbing (fictional) narrative through extraordinary found-footage obtained from hundreds of real-world CCTV cameras, and won the FIPRESCI and Ecumenical Jury prizes at the Locarno Festival that year.

Patrick Frater Asia Bureau Chief Despite a barnstorming address celebrating the re-opening of Hong Kong and China by Bona Film Group COO Jiang De Fu, it is clear that the film industry in China is still suffering its own version of long-COVID, with box office tracking at around half of 2018 levels. “The Chinese box office was RMB60.7 billion ($8.89 billion at current rates of exchange) in 2018. And 83 films made over RMB100 million. 16 films that made over RMB1 billion. Post-pandemic, in 2022, China’s box office was RMB29.9 billion. [Just] 41 films made over RMB100 million. [And] 8 films made over RMB1 billion. We are now only at 50% of the level in 2018,” said Jiang aty a presentation on the first day of Hong Kong’s FilMart.

Patrick Frater Asia Bureau Chief “Post-Truth,” a Chinese comedy film about a cemetery plot salesman trying to salvage his reputation in the face of online assaults, topped the cinema box office in mainland China over the weekend, ahead of another new release title “Revival.” Data from consultancy Artisan Gateway showed that “Post-Truth” earned $17.0 million between Friday and Sunday. Including preview, it has a cumulative of $20.3 million. Crime drama, “Revival” earned $10.3 million over the weekend and has a running total of $11.4 million including previews. The two newcomers dominated the box office and relegated Hong Kong-produced courtroom drama “A Guilty Conscience” to a distant third place. “Guilty” took $2.3 million (RMB15.8 million) for a cumulative of $23 million since releasing on Feb. 24.

Patrick Frater Asia Bureau Chief Hong Kong-based indie sales agent Autumn Sun comes to FilMart with a bulging slate of new film titles from around Asia — including two animated features from mainland China. Autumn Sun, headed by sales veteran Elliot Tong, is giving a market premiere to “Planet Cat,” an animated feature by Song Yuefeng (“Ping Pong Rabbit,” “Throne of Elves”) about a chance meeting between a stray cat and a girl in a city at night. The film is produced by Nuctopus Studio and Dreamers Studio and previously won a development prize at the Beijing International Film Festival. The feature is now in post-production and a promo reel is being screened at the market.

Patrick Frater Asia Bureau Chief The much-decorated Japanese drama “Drive My Car” was named the best film Sunday at the Asian Film Awards, defeating hot favorite “Decision to Leave.” Other notable awards went to Japan’s Hirokazu Kore-eda whose “Broker” debuted at Cannes, but which was largely shunned in his home country. “Decision to Leave,” which started the evening with ten nominations, was nevertheless rewarded with three awards, best screenplay, best production design and best actress for China’s Tang Wei.

A satisfying stew of genre tropes and classic sci-fi and monster movie influences, “65” is a popcorn movie that isn’t quite the intense thrill ride it gives the impression it wants to be, although it definitely has its moments. READ MORE: ‘65’ Trailer: Adam Driver Transforms Into An Action Hero Fighting Dinosaurs In Sci-Fi Thriller From Sam Raimi Adam Driver plays Mills, a pilot who agrees to take a two-year space mission so that it will give him the money he needs to help pay for his sick daughter’s medical treatment.

Patrick Frater Asia Bureau Chief American musical comedy film “Lyle Lyle Crocodile,” is set to release in mainland China cinemas, having received approvals for import and distribution from Chinese authorities. It will play in China from April 15, 2023. The film was released in North America in early October last year and many other territories at the end of 2022. Parts of Asia have been later to receive the title with Korea and Taiwan play it from January and Japan set to open it from March 24. The film has grossed $108 million worldwide, with $60.9 million of that coming from international markets and $46.8 million from the North American domestic market, studio backer Sony Pictures reported.

Patrick Frater Asia Bureau Chief TriStar Pictures film “The Woman King” has been given official permission to release in cinemas in mainland China. It is expected to debut on April 14. The Viola Davis-starring fantasy action film had its world premiere at the Toronto International Film Festival in September last year and went into U.S. and international commercial release shortly after. The film has grossed $97.2 million worldwide, with $29.9 million coming from international markets and $67.3 million in North America. While the China release is significantly later than the rest of the world, potentially opening the film to online piracy, the launch date was communicated by Chinese authorities with some five weeks of advanced notice. That is more than many Hollywood films have received in China and gives the local marketing teams a reasonable chance to promote the film’s theatrical launch.