Is China Making A Comeback? Chinese Buyers And Sellers Talk Cannes Market Expectations

Wim Wenders’ Tokyo-based Cannes Competition title Perfect Days has clocked a series of international deals for The Match Factory.

Naman Ramachandran Disney’s “The Little Mermaid” made a splashy debut at the U.K. and Ireland box office, topping the charts with £5 million ($6.2 million), per numbers from Comscore. In its second weekend, Universal’s “Fast X” held strong with £2.2 million in second place for a total of £10.2 million. In third position, in its fourth weekend, Disney’s “Guardians Of The Galaxy Vol. 3” collected £1.5 million for a total of £31.6 million. Universal’s “The Super Mario Bros. Movie” earned £292,155 in fourth place in its eighth weekend for a total of £52.2 million. Warner Bros.’ “Hypnotic” rounded off the top five debuting with £217,252.

EXCLUSIVE: Taost Entertainment, a London-based media production startup, has picked up Chinese distribution rights to the star-studded animated feature 10 Lives.

Patrick Frater Asia Bureau Chief “Fast X” predictably won a second weekend on top of the mainland China box office, driving its total past the $100 million mark. But the disappointing start for Disney’s live-action “The Little Mermaid” was the bigger talking point. “Fast X” earned $17.6 million in China according to data from consultancy Artisan Gateway. That was a 66% drop compared with its opening weekend, but still gave the film a $110 million cumulative after 12 days and has caused estimates to be further revised upwards. Ticketing agency Maoyan is now forecasting that the film will finish with RMB880 million ($126 million), having previously predicted RMB728 million ($104 million), and then RMB840 million.

Chinese author Yu Hua is no stranger to Cannes. The famed postmodernist writer’s work first graced the silver screens of the Palais back in 1994 with director Zhang Yimou’s masterclass adaptation of his seminal novel, “To Live.” A searing portrait of a single family’s struggle through China’s mid-century upheaval and the Cultural Revolution, “To Live” would go on to win the festival’s coveted Grand Prix award, Prize of the Ecumenical Jury, and the Best Actor Award.

Anthony Chen’s well-regarded Mainland China-set “The Breaking Ice” has found favor with multiple European and Asian buyers in the few days since its Sunday premiere as part of the Cannes Film Festival’s Un Certain Regard. The film narrates a love triangle story among China’s lost youth generation and is set in the middle of winter in Yanji, a town that is heavily populated by ethnic Koreans. It is headlined by a star-studded Chinese cast of Zhou Dongyu (“Better Days”), Liu Haoran (“Detective Chinatown” franchise) and Qu Chuxiao (“The Wandering Earth”). “The Breaking Ice” has been newly licensed to Challan for release in South Korea, Trigon-Film for Switzerland, One From the Heart for Greece, Tucker Film for Italy and Edko Films for Hong Kong.Rights sales are handled by Rediance, Mainland China’s leading indie sales company, which reports that addition territory deals are currently being negotiated.

Nick Vivarelli International Correspondent Italy’s RAI Cinema, which has four titles in this year’s Cannes selection, has closed a deal on Ron Howard’s next movie “Origin of Species,” a hot project at the Cannes market starring Daisy Edgar-Jones, Ana de Armas, Jude Law and Alicia Vikander. RAI Cinema chief Paolo Del Brocco said the company – which is the film arm of Italian state broadcaster RAI – has teamed up with Rome-based Lucisano Media Group to acquire Italian rights from CAA Media Finance on Howard’s survival thriller penned by Noah Pink (“Tetris”) about a a group of eclectics who turn their backs on civilization and head to the Galapagos. In Cannes, RAI Cinema also picked up Italian rights from Gaumont on family movie “Moon The Panda,” by French humans and animals adventures specialist Gilles de Maistre, known for “Mia and the White Lion”and “The Wolf and the Lion.” De Maistre’s latest, about the friendship between a boy and a panda, is set to shoot later this month in China’s Sichuan mountains.

Chinese actress Zhou Dongyu, who is in Cannes with Anthony Chen’s Un Certain Regard title The Breaking Ice, has had a fairytale career trajectory. 

Jessica Kiang Imagine the gleaming surfaces of Park Chan-wook’s terrific “Decision to Leave” stripped of romance, all scuzzed-up and grimy. Imagine drilling down through Diao Yinan’s Berlin-winning “Black Coal, Thin Ice” and finding unexpected seams of absurdist dark comedy. You are now somewhere in the seamy offbeat world of “Only the River Flows,” director Wei Shujun’s inventive riff on Asian-noir that gives the expanding subgenre something its Chinese contributions often lack: a pitch-black sense of humor.  Wei has been laying claim to the title of laid-back joker in China’s new-gen pack since debuting with affable slacker comedy “Striding into the Wind” in 2020 (a selection in 2020’s canceled Cannes festival) and following it up with autoreflexive filmmaking satire “Ripples of Life.” Now he brings his wry sensibilities to bear on this murdery mindbender, which he adapts, with a healthy disdain for boring stuff like “linear plotting” and “resolution,” alongside Kang Chunlei, from a short story by postmodernist author Yu Hua.

Patrick Frater Asia Bureau Chief Magic Fair, a Miami-Paris based indie sales company and Hong Kong- and Paris-based All Rights Entertainment have launched rights sales on upcoming feature animation “Pigsy,” directed by Chiu Li-Wei (“Barkley”) during the Cannes Film Festival’s Marche du Film. The film is a reimagining of the classic Chinese tale “Journey to the West.” The story follows a self-absorbed and lazy pig on a journey to lasting happiness. Set in a distant future, the film sees Pigsy embark on a deceitful quest for a better life, only to find that true happiness may be closer than he thinks. The production has recently added Taiwanese stars Greg Han, Liu Kuan-Ting, Harlem Yu, Tuo Tsung-Hua, Chung Hsin-Ling, Ivy Shao, Waa Wei and K.R. Bros. The film is to be completed in time for release at Chinese New Year in early 2024. Production is by the Netherland’s studio Submarine (“Where is Anne Frank,” TV series “Undone” Season 2, “Apollo 10 ½ : A Space Age Childhood”) with Taiwan’s Greener Grass (“GrX”) and Studio2 (“Barkley,” “Get the Hell Out,” “The Tag-Along”).

Rachel Seo Chinese folklore gets a Disney spin in “American Born Chinese,” an eight-episode series created by Kelvin Yu, which landed on Disney+ on Wednesday. An adaptation of the 2006 graphic novel by Gene Luen Yang, the series centers on Bay Area teenager Jin Wang (Ben Wang), who becomes entangled in a fantastical quest after a new classmate, Wei-Chen (Jimmy Liu), reveals himself to be the son of the Monkey King and recruits Jin to help him search for the Fourth Scroll. Featuring an all-star cast that includes Michelle Yeoh, Ke Huy Quan, Stephanie Hsu, Chin Han, Yann Yann Yeo and Sydney Taylor, “American Born Chinese” recontextualizes ancient history for modern audiences both familiar and unfamiliar with the original stories, bringing together the talents of some of the most prominent Asian actors, writers and directors in entertainment.

In 2013, filmmaker Anthony Chen’s first feature, “Ilo Ilo,” won the coveted Caméra d’Or at Cannes. Centered around the inseparable bond between a 10-year-old Singaporean boy and his Filipina nanny, Chen’s full-length debut deployed a specific lens — a family weathering the 1997 Asian financial crisis — to tell a universal story exploring the nooks and crannies of our shared humanity.

In 2013, filmmaker Anthony Chen’s first feature, “Ilo Ilo,” won the coveted Caméra d’Or at Cannes. Centered around the inseparable bond between a 10-year-old Singaporean boy and his Filipina nanny, Chen’s full-length debut deployed a specific lens — a family weathering the 1997 Asian financial crisis — to tell a universal story exploring the nooks and crannies of our shared humanity.

EXCLUSIVE: New indie film financier Mizzel Media is launching in Cannes with what we understand to be a healthy six-figure investment in feature The Girl From Köln, the next film from Holy Spider and The Tale outfit One Two Films.

While Southeast Asian films have premiered at the Cannes Film Festival many times before, and even won the Palme d’Or, there’s an energy around the region this year that we haven’t felt on the Croisette at previous editions. 

Taipei-based sales agency Distribution Workshop has picked up international sales rights to $50M action adventure A Legend, starring Jackie Chan and directed by Stanley Tong. 

Naman Ramachandran Emerging star from Hong Kong, Isabella Wei, headlines Silent D Pictures’ comedy-drama “High Wire.” The film follows the story of Go-wing, a British-Chinese takeaway girl who discovers her inner strength and artistic bravery when a circus comes to her small English town. As Go-wing navigates the challenges of her dual cultural identity, she finds herself at a crossroads and must decide between conforming to societal expectations or forging her own path towards her dreams. The film pays homage to the first and second generations of Chinese immigrants and their journey to adapt to life in England whilst facing issues of systemic racism and discrimination.

Elsa Keslassy International Correspondent Swedish filmmaker Ruben Östlund, whose movies “The Square” and “Triangle of Sadness” have won two of the past five Palmes d’Or, will attend Cannes this year not as a competitor but as jury president. Over a lively phone chat, Östlund (who lives on Majorca with his fashion-photographer wife, Sina Görtz, and their son) shares his wildest aspirations for the festival. What made you want to take on the role of jury president? When you look at the history of who has been the president of the Cannes Film Festival’s jury, you get humbled. My biggest inspirations come from the directors connected to this festival. And the way Cannes is fighting for the intellectual European perspective of cinema is something that is important and unique in the world.

Guillaume Esmiol is gearing up for his first edition flying solo as the executive director of the Cannes Film Festival’s Marché du Film, which kicks off in less than a week to run from May 16 to 24.

Naman Ramachandran Disney’s “Guardians Of The Galaxy Vol. 3” ruled the U.K. and Ireland box office with a £12 million ($15.2 million) opening, according to numbers released by Comscore. The latest Marvel Studios release debuted at Number 1 with an 72% market share, according to Disney, and had the biggest three-day opening weekend of 2023. In its fifth weekend, Universal’s “The Super Mario Bros. Movie” collected £1.3 million in second place for a total of £49 million. In third position, in its third weekend, Studiocanal’s “Evil Dead Rise” earned £493,732 for a total of £4.4 million.