Janet Yang Joins Imax China as Company Profits Stage Post-COVID Rebound

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).

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 “Dune 2” launched in mainland China cinemas this weekend with a solid $19.9 million three-day haul. That put it in second place, narrowly behind holdover crime-drama “The Pig, the Snake and the Pigeon.” Data from consultancy firm Artisan Gateway, showed that “The Pig, the Snake and the Pigeon” earned $21.3 million (RMB151 million) between Friday and Sunday, for a 10-day cumulative of $54.1 million (RMB384 million).

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 Film projects to be produced by Andrew Lau (“Infernal Affairs,” “Initial D”) and Han Sanping, the former head of China Film Corp., are among the new in-development titles that grace the FilMart slate of Hong Kong studio Media Asia. The Peter Lam-controlled studio is also poised, at an event within FilMart on Monday, to detail its new alliance with China’s Alibaba Pictures Group. Lau is producing “Behind the Scene,” a book-to-film adaptation to be directed by Lee Kwong-yiu (“Insanity”) in which four friends uncover a meticulously planned murder that is carefully disguised as a kidnapping. Suspicions fall on a bank president who is involved in counterfeiting. Han is aiming to produce “Fading Tracks,” another crime title that is also adapted from a novel.

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.

Patrick Frater Asia Bureau Chief Taiwanese-produced crime action film “The Pig, the Snake and the Pigeon” opened on top of the mainland China box office over the weekend, ahead of a quartet of holdover titles from Lunar New Year. Sony’s ‘Madame Web’ and a rereleased “Dune” also opened, but they failed to penetrate the top five. “The Pig, the Snake and the Pigeon” earned $16.2 million (RMB115 million), according to data from consultancy firm Artisan Gateway.

Patrick Frater Asia Bureau Chief IQiyi, the Chinese streaming platform that is part of Baidu, revealed its first full year net profits, in 2023, even as its subscriber total dropped by more than 10%. The company enjoyed a 10% increase in revenue to RMB31.9 billion ($4.5 billion) in the year to December, it said in a regulatory filing on Wednesday. Net income was RMB1.9 billion ($271 million), compared with a loss of RMB136 ($19 million).

Patrick Frater Asia Bureau Chief Hybe, the Korean entertainment group behind BTS, saw revenues and profits both grow by more than a fifth in 2023 as album sales doubled and post-COVID conditions allowed more concerts. The company Monday reported annual revenues of KRW2.17 trillion ($1.63 billion), up 23% compared with 2022. Net profits reached KRW187 million, more that three times 2022’s depressed result and exceeding 2021’s figure.

Patrick Frater Asia Bureau Chief The four strongest Chinese titles that launched over the Lunar New Year holidays continued to dominate the mainland China and global office charts for a third successive weekend, albeit with a change of order that put Zhang Yimou’s “Article 20” in top spot. Global box office tracking service ComScore showed “Article 20,” “Pegasus 2,” “YOLO” and “Boonie Bears: Time Twist” as ranking first, second, fifth and sixth, respectively, in the world over the latest weekend. Within mainland China, the quartet’s numbers were sufficiently solid that the year-to-date aggregate is now closely comparable to 2023’s.

Patrick Frater Asia Bureau Chief Two Taiwan-based production companies with features in this week’s Berlin Film Festival have joined forces to launch new venture, Long Hu Bao × An Attitude. Taiwan’s Yi Tiao Long Hu Bao International Entertainment, is one of eight co-producers on main competition film “Shambhala,” from Nepal’s Min Bahadur Bham.

Patrick Frater Asia Bureau Chief Four Chinese films dominated the mainland China and global box office charts over the latest weekend. “YOLO,” a comedy drama about weight loss and self-discovery, was crowned as the top earning film worldwide for a second weekend running. “YOLO” took $86.5 million (RMB614 million) between Friday and Sunday, giving it a 9-day cumulative total of $402 million (RMB2.85 million), according to data from consultancy firm Artisan Gateway. The second film by Jia Ling, who previously directed 2021 Lunar New Year smash hit “Hi, Mom”, “YOLO” released on Saturday, Feb.

Patrick Frater Asia Bureau Chief French shingle MK2 will handle international sales on “We Shall Be All,” a new epic from Jia Zhangke, China’s pre-eminent indie film director.Announced last year, the film has been a labor of love over more than 20 years for Jia. His previous works, including “Platform,” “Unknown Pleasures” and “Still Life,” have chronicled the rapid economic development of China and its impact on people and society.

Patrick Frater Asia Bureau Chief The Hong Kong-Europe-Asian Film Collaboration Funding Scheme being launched this week in Berlin is intended as a major component of an exercise in rehabilitating and internationalizing the Hong Kong film industry. In unprecedented fashion, the territory’s Film Development Council is getting ready to start giving cash grants to movie projects that don’t necessarily have to shoot in the city or even use one of its three official languages.

Patrick Frater Asia Bureau Chief On Saturday, audiences in Berlin will see the world premiere of “Above the Dust,” a Chinese-made drama that plays somewhat incongruously in the Generation Kplus section, which screens films for or about children. Whether the film plays again, and where, is moot.