Hong Kong Selects First Projects for Streaming Development Funding

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 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 Hollywood producer and financier Joseph Cohen (“Brokeback Mountain,” “12 Years A Slave,” “Sicario,” “La La Land”) is launching a new company in Hong Kong called MediaRealm Advisors Asia. It will provide consulting services to Asia-based institutional and professional investors looking to invest in American Entertainment Investors mainstream Hollywood movie projects. He is joined in the venture by Hong Kong and Tokyo based Adam Guy Orlebar Garrett.

Patrick Frater Asia Bureau Chief Orange Sky Golden Harvest, the multi-territory cinema operator, Wednesday warned that it would return to losses when it reports its 2023 losses. The announcement, made in a regulatory filing, came just days after the company denied that it was preparing to sell off its cinemas in Singapore, which represent the biggest component of its business.

This year’s Filmart was definitely bigger and busier than last year, which was the first physical edition following the reopening of Hong Kong and mainland China’s borders after the pandemic. According to Filmart organizers, the Hong Kong Trade Development Council (HKTDC), more than 750 exhibitors and 7,500 visitors attended this year’s Filmart, compared to around 700 exhibitors and 7,300 visitors in 2023. But despite frenetic meeting activity, the market did little to dispel fears that international sales business in the region, already in decline before the pandemic, is not yet recovering. International sales agents under the IFTA and European Film Promotion (EFP) umbrellas had packed meeting schedules.

HCG AwardPresented by CAA ChinaTwo cash awards of $20,000 value each. CAA China may board the winning projects later by entering into script development agreements. “Call of Lobster” (Taiwan) Dir.

Naman Ramachandran Dubai-based sales agency Cercamon has acquired worldwide rights for Indonesian film “Crocodile Tears,” it was revealed at Hong Kong rights market FilMart. The film is a co-production between Indonesia’s Talamedia (producer Mandy Marahimin), Singapore’s Giraffe Pictures (producers Anthony Chen and Teoh Yi Peng), France’s Acrobates Films (producer Claire Lajoumard) and Poetik Film (producer Christophe Lafont) and Germany’s 2Pilots Filmproduction (producers Harry Flöter and Jörg Siepmann). The deal was negotiated by Sebastien Chesneau at Cercamon, Chen at Giraffe Pictures and Marahimin at Talamedia.

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.

Naman Ramachandran Acclaimed filmmaker Hong Khaou‘s “Walled City” has been selected for the 22nd Hong Kong — Asia Film Financing Forum (HAF), the project market that operates concurrently with FilMart. Khaou’s debut, “Lilting” (2014), starring Ben Whishaw and Cheng Pei-pei, premiered in the world cinema dramatic competition at Sundance, winning best cinematography. “Monsoon” (2019), his second feature, starred Henry Golding and premiered in competition at Karlovy Vary.

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 Chan Tai-lee, the screenwriter of many of the Ip Man martial arts action films, has written and directed upcoming action film “Fight for Tomorrow.” Mandarin Motion Pictures, which backed the film and is handling international rights sales, is using this week’s FilMart to launch the picture to international buyers. The production was assisted with finance from the Hong Kong Film Development Fund.

Patrick Frater Asia Bureau Chief Leading South Korean sales company Finecut has picked up international sales rights to action comedy film “Boss.” It will launch the title at next week’s FilMart in Hong Kong. Directed by Ra Hee-chan (“Going by the Book,” “Mr. Idol”), the film follows gang members embroiled in fierce competition.

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.

Patrick Frater Asia Bureau Chief COVID, changing money flows and a new superpower Cold War of sorts may have, over the past few years, helped to reduce the connections between the film and TV industries of China and the rest of the world — so, will the 2024 edition of FilMart, whose organizers continue to claim bridgehead status, be the market to increase those connections? Candas Yeung, the Trade Development Council associate director who takes over as head of FilMart this year, says that visitor and exhibitor numbers have crept up again this year — to an anticipated 7,500 and 715, respectively — and that fully 40% of market participants hail from mainland China. “That’s a pretty significant proportion and they are very active in the market, both buying and selling, and making some announcements,” Yeung says.

Patrick Frater Asia Bureau Chief Oscar contenders and Berlin prize-winners will be among the European films being represented by visiting companies to FilMart that are making use of the European Film Promotion umbrella stand within the annual Hong Kong market. In total 29 European film sales companies are making the trip, including more than a dozen from France under the Unifrance banner. Prominent rights brokers include Charades, Goodfellas, Fandango and Filmax.

Patrick Frater Asia Bureau Chief This month’s Hong Kong International Film Festival will showcase over 190 films from 62 countries and regions, including five world premieres, and 64 Asian premieres. Running 12 days (March 28 – April 8), the festival will open with the Asian premiere of local director Ray Yeung’s “All Shall Be Well,” which won the Teddy Award at the recent Berlin festival.

This year’s Hong Kong International Film Festival (HKIFF, March 28-April 8) will open with the Asian premiere of All Shall Be Well, directed by Hong Kong filmmaker Ray Yeung, which recently won the Teddy Award at Berlin film festival.

Patrick Frater Asia Bureau Chief A year after announcing the ambitious project, The Philippines ABS-CBN is now in production on new series “The Bagman.” Filming began in Manila on Feb. 25. “The Bagman” is a spin-off from the original, locally-produced digital series “Bagman” that was aimed at the Filipino audience.

Patrick Frater Asia Bureau Chief Warner Bros. is to handle the Southeast Asia theatrical release of Philippines-produced drama film “Under Parallel Skies.” The picture will have its world premiere this weekend as part of the Asian Film Awards in Hong Kong. Directed by Sigrid Bernardo, “Under Parallel Skies” follows the story of a Thai bachelor, portrayed by major local star Win Metawin, who travels to Hong Kong in search of his missing mother.

Patrick Frater Asia Bureau Chief Veteran mainland Chinese director Zhang Yimou is to be honored twice over at the Asian Film Awards ceremony on Sunday. He will be presented with a lifetime achievement award and a separate prize for directing the highest-grossing Asian film of 2023.