China Puts Down ‘Overly Entertaining’ Shows Ahead of Anniversary

 /  News  / 
China’s television regulator banned broadcasters from showing any costume or pop idol dramas that are “overly entertaining” in advance of the 70th anniversary of the People’s Republic on Oct. 1. Read More

Wanda Fire Sale Continues With Sputtering Sports Unit IPO, Studio Stake Sale Talks

 /  News  / 
After raising $190 million through that share sale, which was already far less than its original target, Wanda Sports Group’s new stock proceeded to tank 35.5% in its first day of trading on the Nasdaq. Read More

In Depth: China’s Cinema Business Faces a Bad Scene

 /  Opinion  / 
Industry observers said the movie theater industry is likely approaching a period of consolidation as the business faces abundant challenges: a drop in viewership even as cinema chains have continued to add theater screens, insanely high rents that eat into profits, and a government-imposed limit on foreign titles. Read More

For China’s Studios, Movies Have Lost Their Magic

 /  News  / 
All but one of the 13 listed Chinese film studios that had released first-half earnings forecasts by Tuesday expect to see either their profits fall or sink into the red amid tighter government scrutiny over the industry. Read More

Four Things to Watch in China’s Film Industry

 /  News  / 
China’s film market has become one of the two major drivers of global box office growth in recent years, but if strong growth is to continue its local industry will need more confidence, patience, and professional workers, market watchers say. Read More

As China’s Movie Industry Slumps, Executives Debate Its Future

 /  News  / 
At a recent panel at the Chinese Film Industry Summit in Shanghai, several industry bigwigs, including the heads of Shanghai Film Group Co. Ltd., China Film Group Corp., Alibaba Pictures Group Ltd. and Beijing Enlight Media Co. Ltd., discussed how to get the business back on track. Read More

‘Three-Body Problem’ TV Series in the Works

 /  News  / 
Hugo Award-winning author Liu Cixin’s science-fiction trilogy “Remembrance of Earth’s Past” will soon be turned into a TV series, following a blockbuster adaptation of “The Wandering Earth,” another work by Liu. Read More

Chinese Box Office Takings Dip By 5% In The First 5 Months of 2019

 /  Box Office  / 
Box offices around China took in 26.97 billion yuan ($3.9 billion) in the first five months of the year, down from 28.43 billion yuan for the same period in 2018.The fall was largely due to a poor first-quarter performance when takings dropped 8% year-on-year. Read More

Video Site Mango Gets Cash Injection to Take on Private Peers

 /  News  / 
China’s largest state-backed online video subscription service plans to use the 2 billion yuan ($289 million) from its latest fundraising round to create more original programming, as the Netflix-like platform ratchets up its efforts to take on its privately owned peers. Read More

Alibaba Pictures’ ‘Most Important’ Business Segment Reports First Ever Profit

 /  News  / 
Alibaba’s film and entertainment arm has yet to become profitable, but a key segment of Alibaba Pictures Group’s business has climbed out of the red for the first time. Read More

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