China Box Office: ‘Dune 2’ Scores $20 Million Opening With Huge Imax Component

Patrick Frater Asia Bureau Chief Veteran Chinese director Zhang Yimou will be presented with a lifetime achievement award at the upcoming edition of the Festival of Far East Film in Italy’s Udine (April 24 – May 2). The lineup will include three films by Zhang: his 2023 political thriller “Under the Light” in its competition section; as well as “To Live” and “Raise the Red Lantern” in its restored classics section. The festival’s total lineup includes 74 films in total – 47 in competition and 28 out of competition) from 11 countries.

Patrick Frater Asia Bureau Chief “Sweet Planet,” a one of the highest-profile China-Europe co-productions of recent years, will air on China Global Television Network from Friday. The six-part culinary documentary is a co-production between millennial-focused global channel operator Insight TV, Netherlands-based production company JOIIN, and CGTN. It explore the culinary and cultural impact of sugar in cooking and food rituals around the world.

Patrick Frater Asia Bureau Chief Universal’s “The Fall Guy” will open in mainland Chinese cinemas next month, ahead of its debut in the U.S. and star Ryan Gosling’s native Canada. The film is set to release officially in China on April 30.

Patrick Frater Asia Bureau Chief Acclaimed Chinese film director Chen Daming is expected to direct “The Peking Express,” a book-to-film adaptation of the story of an infamous train robbery that took place 100 years ago. The non-fiction book was written Beijing-based writer and lawyer James Zimmerman and was an ‘Editor’s Choice’ selection by the New York Times. It describes the raid on a luxury express train by Chinese bandits in Shandong Province in 1923 and the ensuing six-week hostage standoff that captivated the world.

Patrick Frater Asia Bureau Chief ‘Kung Fu Panda 4’ opened on top of the mainland China box office in its first official week of release. But its debut was soft and led the market to one of its quietest weekends of the year. The Universal-DreamWorks Animation picture earned $14.7 million (RMB105 million) between Friday and Sunday, according to data provided by consultancy firm Artisan Gateway.

Patrick Frater Asia Bureau Chief Miyazaki Hayao’s “The Boy and the Heron,” which recently won the Oscar for best animated feature film, will head to global streaming giant Netflix later this year, excluding the U.S. and Japan. The hand-drawn, critically acclaimed fantasy adventure film is part of a renewed worldwide catalog deal between Netflix and the Japanese producer Studio Ghibli, sales agent Goodfellas and independent distributor GKids.

Patrick Frater Asia Bureau Chief China’s social media, games and video giant Tencent saw 2023 revenues advance by 10% to $84.6 billion (RMB609 billion). But its net profits slid to $16.3 billion (RMB118 billion), down from $26.3 billion a year earlier. The group is directly affected by weakness in the mainland Chinese economy, which has recovered only slowly since the end of the COVID pandemic, and by ongoing regulatory concerns.

Patrick Frater Asia Bureau Chief Fashion, East-West Asian identities, corporate espionage and romance are on the agenda in “Morning, Paris!,” a new mini-series project being pitched at Series Mania by veteran filmmaker Quentin Lee (“The People I’ve Slept With,” “White Frog”). “’Morning, Paris!’ is a heartfelt comedy about a young modern BIPOC Canadian woman discovering herself in the most romantic city in the world,” says Lee. “Or put another way, it is a limited television series about an aspiring female fashion designer from Vancouver who ends up in Paris Fashion week with a very unlikely companion because she wants to spy on her boss on whom she has a crush.

Coming out of the weekend, and with Sunday’s actuals and Monday’s numbers included, there are new global milestones to celebrate for the two major Hollywood titles currently in release.

Patrick Frater Asia Bureau Chief Net profits at Tencent Music Entertainment, China’s largest digital music company, climbed 36% to reach $735 million (RMB5.22 billion) in 2023 – despite revenues declining by 2% to $3.91 billion. Fourth quarter profits were worth $198 million (RMB1.41 billion), earned from revenues 7% down at $971 million (RMB6.89 billion). The final figures cap a year in which the New York and Hong Kong listed subsidiary of Tencent saw monthly active user (MAU) numbers fall as it successfully organized the transition of a growing number of free users into paying subscribers. In the full year, revenues from music streaming subscriptions grew by 39% to $1.70 billion. That resulted from a 21% growth in the number of paying subscribers (from 88.5 million to 107 million) and a 20% increase in the average revenue per subscriber to RMB10.7 or $1.49.

Patrick Frater Asia Bureau Chief “The Boy and the Heron,” the Oscar-winning animated feature film by iconic Japanese director Miyazaki Hayao, is finally to be given a release in cinemas in mainland China. The picture is scheduled to release in China on April 3, 2024, according to Alibaba Pictures. Tickets are already available on booking sites such as Maoyan and Alibaba’s Taopiaopiao.

Patrick Frater Asia Bureau Chief Previews for Universal Pictures and Dreamworks Animation’s “Kung Fu Panda 4” put the Chinese-themed film in fourth place at the mainland China box office, a week ahead of its official theatrical debut. Over the March 15-17 weekend, however, first and second places remained with holdover titles “The Pig, The Snake and the Pigeon” and “Dune: Part Two.” Taiwanese crime film “The Pig, The Snake and the Pigeon,” already playing on Netflix in territories outside China, topped the mainland China chart for the third successive weekend. According to data from consultancy Artisan Gateway, it earned $11.1 million (RMB79.1 million), for a cumulative of $73.2 million (RMB520 million).

With a solid offshore hold, Denis Villeneuve’s Dune: Part Two is closing in on $500M globally. The overseas weekend brought in $51.2M across 73 markets, a 40% drop versus last session (-37% excluding China). The international box office cume through Sunday is $289.4M, and worldwide the running total is $494.7M. The latter figure means the film has already surpassed Villeneuve’s 2021 Dune worldwide.

Rebecca Rubin Film and Media Reporter “Dune: Part Two” is barreling toward another box office milestone. Director Denis Villeneuve’s science-fiction sequel has grossed $494.7 million globally, including $208 million in North America and $289.4 million internationally. It should surpass the $500 million mark by Monday, a figure that few films have reached in post-pandemic times.

Patrick Frater Asia Bureau Chief Linmon Pictures, one of the most outward-looking mainland Chinese entertainment firms, is preparing premium series “Hate Coin.” The show is being produced in association with Jonathan Wong and Justina Shih’s production company Octagon Metatainment, a Hong Kong-based multimedia studio. “Hate Coin” is based on international best-selling novel “Second Sister,” by successful Hong Kong novelist Chan Ho Kei, whose previous book “The Borrowed” was a crime story that panned five-decades. The story follows the activities of a young woman whose school-age sister appeared to have committed suicide. Suspecting foul play, the woman trams up with a manipulative hacker and cybersecurity expert to try to dig deeper. “What follows is a cat and mouse game through the city of Hong Kong and its digital underground, especially an online gossip platform, where someone has been slandering Siu-Man.

Patrick Frater Asia Bureau Chief “Escaping Man,” a Chinese drama feature about a man dragged into a kidnap plot, heads the FilMart slate of Hong Kong-based sales agency Autumn Sun Company. The protagonist is a man who spent 20 years in jail after being falsely accused of rape. After his release, he intends to confront the woman, but instead falls for her again — to the point that she is able to manipulate him into kidnapping the child for which she is the nanny.

Patrick Frater Asia Bureau Chief Peter Chan Ho-sun has assembled a starry cast headed by Zhang Ziyi and box office sensation Lei Jiayin for his new feature film “She Has No Name.” The film, which recently completed principal photography, probes the progress of women’s rights in China. “One woman’s suffering gives rise to the revolution of women’s social rights in China,” reads a tagline.

Patrick Frater Asia Bureau Chief Thailand is poised to get serious about its commitment to the film industry, and plans to launch a major new body, the Thailand Creative Culture Agency, with a budget of THB7 billion ($200 million). Long a destination for Hollywood, China and India productions, and currently playing host to the lensing of Season 3 of “The White Lotus,” Thailand has many of the elements that could contribute to building a major film industry. These include diverse locations, skilled crews, studio facilities and a location production, or incentive, scheme.

Patrick Frater Asia Bureau Chief China’s unprecedented economic and social transformation in the latter part of the 20th century has been picked over in dozens of movies by filmmakers ranging from Jia Zhangke to Wang Xiaoshuai. But with more than one billion people affected by China’s transformation, there is no shortage of personal stories and no end of ways to tell the tale. Sophomore filmmaker Huo Meng trains his eye on one of those stories in his second film, “The Wind Is Unstoppable,” which he is just finishing off.

Patrick Frater Asia Bureau Chief Cora Yim and Benjamin Lin, both established indie producers of Chinese-language content, have joined forces to launch S11 Partners. It is partially backed by Medialink Group, an IP, distribution and brand licensing mini-conglomerate that is listed on the Hong Kong Stock Exchange. The pair, who previously worked on TV series “Taiwan Crime Stories,” are launching their venture at FilMart in Hong Kong with a slate of three feature films in development.