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China’s Alibaba Unveils Corporate Restructuring - variety.com - New York - China - Hong Kong - city Hong Kong
variety.com
28.03.2023 / 12:57

China’s Alibaba Unveils Corporate Restructuring

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.)

‘Winnie the Pooh: Blood and Honey’ Mysteriously Pulled From Hong Kong Theaters Two Days Before Premiere - variety.com - China - Hong Kong - city Hong Kong - Macau
variety.com
21.03.2023 / 18:29

‘Winnie the Pooh: Blood and Honey’ Mysteriously Pulled From Hong Kong Theaters Two Days Before Premiere

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.”

Tencent Music Grows Profits and Subscriptions, as Revenues Fall - variety.com - New York - China - USA - Hong Kong
variety.com
21.03.2023 / 15:03

Tencent Music Grows Profits and Subscriptions, as Revenues Fall

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.

Indonesian Horror Title ‘Motel Melati’ Sets Regional Distribution – Global Bulletin - variety.com - Britain - Indonesia - Malaysia - Hong Kong - Singapore
variety.com
20.03.2023 / 14:49

Indonesian Horror Title ‘Motel Melati’ Sets Regional Distribution – Global Bulletin

Patrick Frater Asia Bureau Chief Indonesian horror feature “Losmen Melati” (aka “Motel Melati”) has set theatrical releases in Malaysian and Singaporean cinemas on April 6, and April 13, respectively, following its release in Indonesia on Thursday.  The film is co-directed by Mike Wiluan and Billy Christian. It tells the story of a secluded and enigmatic guest house, run by its mystifying owner, Madam Melati. As she lures in unsuspecting visitors to the guest house, they are confronted with their worst nightmares, never to be seen again.  The movie features a cast of Alexandra Gottardo (“Tanah Air Beta”), Kiki Narendra (“Perempuan Tanah Jahanam”), Fandy Christian (“Letters for You”) and Samuel Panjaitan (“Ghost also Selfie”). Presented by streamer Catchplay and Infinite Studios, “Losmen Melati” is co-distributed by Clover Films and Golden Village Pictures in Singapore.

Gina Noer’s Teen Sex Movie ‘Like & Share’ Wins Top Prize at Osaka Asian Film Festival - variety.com - China - Canada - Japan - Indonesia - Hong Kong - Taiwan
variety.com
20.03.2023 / 13:57

Gina Noer’s Teen Sex Movie ‘Like & Share’ Wins Top Prize at Osaka Asian Film Festival

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.

FilMart Reveals Lower Participant Numbers, But Strong Buzz - variety.com - China - Hong Kong - city Hong Kong
variety.com
16.03.2023 / 16:25

FilMart Reveals Lower Participant Numbers, But Strong Buzz

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.

‘We 12’ Mirror Boy Band Movie Among Projects as Viu and Makerville Expand Production, Live Events Activities - variety.com - New York - South Africa - Berlin - Hong Kong - city Hong Kong
variety.com
15.03.2023 / 17:35

‘We 12’ Mirror Boy Band Movie Among Projects as Viu and Makerville Expand Production, Live Events Activities

Patrick Frater Asia Bureau Chief “We 12,” a movie featuring the entire group of 12 Mirror Canto-pop stars is part of the expanding production slate of Makerville, the talent and production arm of Hong Kong telecoms and TV group PCCW. The development is paralleled by an expansion of the production operations of Viu, PCCW’s multi-territory video streamer which recently confirmed its profitability. Makerville is the talent agency behind Mirror, which was created in 2018 through the “Good Night Show – Kingmaker” talent show on ViuTV, a PCCW terrestrial channel. And it was able to put all the band members on stage Wednesday at a promotional event within the FilMart rights market in Hong Kong.

‘Fly Me to the Moon’ Wins Unprecedented Five Awards at the HAF Project Market - variety.com - China - Japan - Hong Kong - Taiwan - county Lawrence
variety.com
15.03.2023 / 14:41

‘Fly Me to the Moon’ Wins Unprecedented Five Awards at the HAF Project Market

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.

John Chong on Making ‘Twilight of the Warriors: Walled In’ an Authentic Dive into Notorious Kowloon Walled City and Yet Emblematic of Hong Kong’s New Wave (EXCLUSIVE) - variety.com - Britain - China - Berlin - Hong Kong - city Hong Kong
variety.com
15.03.2023 / 02:35

John Chong on Making ‘Twilight of the Warriors: Walled In’ an Authentic Dive into Notorious Kowloon Walled City and Yet Emblematic of Hong Kong’s New Wave (EXCLUSIVE)

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.

Phoenix Waters Ties Knot With Agog Films to Expand Asia Film Financing, ‘Chungking Mansions’ to Resume Shooting - variety.com - Japan - Hong Kong - city Hong Kong
variety.com
14.03.2023 / 12:39

Phoenix Waters Ties Knot With Agog Films to Expand Asia Film Financing, ‘Chungking Mansions’ to Resume Shooting

Patrick Frater Asia Bureau Chief U.K.- and Hong Kong-based company Phoenix Waters Prods. has formally partnered with Hong Kong’s Agog Films to create Phoenix Waters Asia, a new venture aimed at increasing content production in Asia. The venture was announced on the sidelines of a film investment conference held Tuesday in Hong Kong at the FilMart rights market, where Phoenix Waters Prods. CEO Bizhan Tong was a speaker. The two companies previously collaborated on “Chungking Mansions,” an ambitious pan-Asian action film on which Tong is director, and where production was previously scheduled for last year. Tong told Variety that lensing will start later this year, “after address any issues that could hinder filming in Hong Kong.”

Good Move Media Bends With Japan’s ‘Plastic’ for FilMart Launch (EXCLUSIVE) - variety.com - California - Japan - Tokyo - Hong Kong - Burma - city Shanghai
variety.com
14.03.2023 / 05:25

Good Move Media Bends With Japan’s ‘Plastic’ for FilMart Launch (EXCLUSIVE)

Patrick Frater Asia Bureau Chief Hong Kong-based indie sales agent Good Move Media has added Japanese music drama “Plastic” to its FilMart slate. The film is directed by Miyazaki Daisuke, the Japanese helmer behind “Yamato (California),” which had festival play in 2016, and 2019 slacker youth title “Tourism” in 2019. The new picture is the story of teenagers Juna and Ibuki, who set out to find the psychedelic rock band Exne Kedy. Exne Kedy is a fictional creation from musician Ide Kensuke, who previously released punky album “Kensuke Ide With His Mothership — Contact From Exne Kedy and the Poltergeists,” but the band is actually credited as performing and providing part of the music track in the film. “Plastic” is recently completed and headed for a theatrical release in Japan in July.

Udine Far East Film Festival Celebrates 25 Years of Asian Films - variety.com - Italy - South Korea - Thailand - Japan - Hong Kong - city Hong Kong - Mongolia
variety.com
14.03.2023 / 02:15

Udine Far East Film Festival Celebrates 25 Years of Asian Films

Patrick Frater Asia Bureau Chief The Far East Film Festival in Udine, Italy, is back in full force in 2023, celebrating its 25th anniversary edition from April 21–29. A key component of the celebrations will be a focus on the Asian films of the 1980s. “We have never programmed these films, nor put together this kind of program before,” says Thomas Bertacche, the FEFF’s co-head. “But these were the films and directors that inspired us to shape Udine into the festival that it is today.” Pitching the historical lineup as “hidden treasures,” the selection is expected to include early works by Japan’s Kurosawa Kiyoshi, Thailand’s Nonzee Nimibutr and South Korea’s Jan Sung-woo.

HAF Drama: ‘Marriage Drive’ Examining Ten Years of Romance in Hong Kong - variety.com - China - county Patrick - Hong Kong - county Lawrence - city Hong Kong
variety.com
14.03.2023 / 01:03

HAF Drama: ‘Marriage Drive’ Examining Ten Years of Romance in Hong Kong

Patrick Frater Asia Bureau Chief “We need more love stories, even if they have their ups and downs,” says Hong Kong-based producer Cora Yim, who is behind the Hong Kong – Asia Film Financing Forum (HAF) in-development project “The Marriage Drive.” HAF runs takes place alongside the FilMart rights market.  The film is a simple-to-describe idea that writer-director Lawrence Kan has been kicking around and developing for some six years. The story involves a middle-class professional couple — he’s in the legal sector, she’s in finance — and tracks their childless, but not loveless, marriage over a period of 10 years from marriage to divorce.

‘Dragonfly Eyes’ Director Zhang Hanyi Dangles Deadly Project ‘The Walking Bird’ at HAF - variety.com - Australia - China - Argentina - Hong Kong - city Beijing
variety.com
14.03.2023 / 01:03

‘Dragonfly Eyes’ Director Zhang Hanyi Dangles Deadly Project ‘The Walking Bird’ at HAF

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.

China Film Industry Suffering From Long COVID, Says Bona Film COO – FilMart - variety.com - China - Hong Kong - city Hong Kong - Macau
variety.com
13.03.2023 / 14:09

China Film Industry Suffering From Long COVID, Says Bona Film COO – FilMart

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.

China Box Office: ‘Post-Truth’ Wins Weekend With $17 Million Launch - variety.com - China - Hong Kong - city Hong Kong
variety.com
13.03.2023 / 13:27

China Box Office: ‘Post-Truth’ Wins Weekend With $17 Million Launch

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.

Emissary Pictures and Mocha Chai Laboratories Unveil Asian Content Partnership – FilMart (EXCLUSIVE) - variety.com - Australia - New Zealand - Indonesia - Hong Kong - Singapore - city Singapore
variety.com
13.03.2023 / 11:51

Emissary Pictures and Mocha Chai Laboratories Unveil Asian Content Partnership – FilMart (EXCLUSIVE)

Patrick Frater Asia Bureau Chief Singapore’s Mocha Chai Laboratories and Emissary Pictures, a company that straddles New Zealand, Australia and Indonesia, have announced a strategic partnership for the development and production of cross-cultural films, series and content in Asia. The venture will have offices in all four countries and will identify, develop and produce content across genres and formats, including films, television series, documentaries and digital content. The agreement was announced in Hong Kong on the first day of the FilMart rights market. The pair say that they have scripted and unscripted projects in development and production. Slate details, however, remain under wraps as do distribution plans.

FilMart Returns, Buoyed by Positive Current Trends But Against Backdrop of Industry and Regional Change - variety.com - China - USA - Hong Kong - city Hong Kong - city Busan
variety.com
13.03.2023 / 01:43

FilMart Returns, Buoyed by Positive Current Trends But Against Backdrop of Industry and Regional Change

Patrick Frater Asia Bureau Chief After three editions that were canceled due to a combination of COVID and bad timing, Hong Kong’s FilMart film rights market may have finally had some things go its way. It opens March 13 with many factors now moving in its favor. Not least of these are the moves by the Hong Kong government to end its previously harsh and persistent disease-control measures. The city wound down its disruptive quarantine and tracking measures at the end of 2022, opened its borders in January and finally dropped its mask mandate in the last 10 days. “We saw an immediate jump in interest from buyers and sellers after Chinese New Year’s border opening and there were no more restrictions on the food and beverage sector,” says Gloria Chan, section head for the entertainment industry at FilMart organizer, the Hong Kong Trade Development Council.

Chinese Animated Features, Jane Seymour Comedy Head Autumn Sun Slate at FilMart - variety.com - Australia - China - Thailand - Hong Kong - city Beijing
variety.com
13.03.2023 / 01:43

Chinese Animated Features, Jane Seymour Comedy Head Autumn Sun Slate at FilMart

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.

Hong Kong Makes the Most of Hosting Asian Film Awards as ‘Drive My Car’ Is Named Best Movie - variety.com - China - India - Japan - Indonesia - Hong Kong - Philippines - city Hong Kong - city Busan - Macau
variety.com
12.03.2023 / 17:51

Hong Kong Makes the Most of Hosting Asian Film Awards as ‘Drive My Car’ Is Named Best Movie

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.

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