Alibaba Pictures Posts $139 Million 2016 Loss

 /  Money  / 
The company blamed soaring sales and marketing of RMB 1.1 billion (US$159.6 million) for the expanded loss, which compared with an RMB 466 million net profit in the previous year. Read More

China’s Huayi Brothers Sees 2016 Profit Fall

 /  Money  / 
Huayi Brothers, which is run by brothers Wang Zhongjun and Wang Zhonglei, pulled in total revenue of RMB 3.53 billion ($512.7 million), with net cash flows from operating activities of RMB 759 million. Read More

Paramount’s $1 Billion Deal with Huahua, SFG Off: Report

 /  Money  / 
Fewer than two months after a planned investment was first announced, the deal is off, according to The New York Post, which cited sources on Sunday that referred to the potential cash infusion as "DOA [dead on arrival]" and "dead," respectively. Read More

Recon Buys Majority Stake in Millennium Films for US$100 Million

 /  Money  / 
The announcement ends rumors that a deal for that amount was being negotiated, although initial speculation indicated that price was more likely for a complete buy-out of Los Angeles-based Millennium. Read More

Steven Spielberg’s Amblin Partners, Alibaba Pictures Announce Partnership

 /  Money  / 
Steven Spielberg's Amblin Partners and Chinese e-commerce and media giant have announced a partnership to co-produce films for global and Chinese audiences. Read More

Alibaba Pictures Invests in Hangzhou Cinema Company

 /  Money  / 
Alibaba Pictures is investing RMB 100 million (US$15.2 million) for an 80 percent stake in a cinema operator in its hometown of Hangzhou, as it takes on rival Dalian Wanda. Read More

China’s Mango TV Seeks Back-Door Listing

 /  Money  / 
Chinese new media firm Mango TV has announced plans to list via a reverse merger with TV shopping firm Happigo Home Shopping. Read More

Shanghai Film Shares Rise on IPO

 /  Money  / 
Shanghai Film Group saw its stock prices climb 44 percent on its first day of trading Wednesday, just one week after China Film Co. did the same in its own IPO. Read More

UPCOMING EVENTS

Apr 21-Apr 29

Apr 27-May 4
Los Angeles Area

May 7-May 11
The INPUT 2017 headquarters

May 17-May 28
Cannes