DAILY BRIEF: Jan 11, 2019

NEWS YOU SHOULDN’T MISS

• 1

  Chinese cinema turns to low-budget films as blockbusters fail to draw box-office gold

  There are signs that blockbusters featuring A-list directors and stars are losing their power at the Chinese box office South China Morning Post

• 2

  China's Wanda files for U.S. IPO of sports unit to raise up to $500 million: sources

  Chinese conglomerate Dalian Wanda Group has filed confidentially for a U.S. initial public offering of its sports unit that could fetch up to $500 million, according to sources with direct knowledge of the matter. Reuters

• 3

  ‘Crazy Rich Asians’ Jon M. Chu: ‘China Rich Girlfriend’ Will Be “Fun & Insane”; On ‘In The Heights’ & Thai Cave Rescue Film

  "Crazy Rich Asians" certainly rocked the box office, but when director Jon M. Chu set out on the project, rather than being crushed by the weight of its cultural significance, he determinedly focused on simply making the best possible film. Deadline

• 4

  ESPN, REnextop Entertainment Announce Multi-Year Agreement for X Games China

  ESPN has announced a multi year agreement with REnextop Entertainment to collaborate on X Games China for the summer and winter events beginning in 2019. laughingplace.com

• 5

  Chinese film industry should have more confidence in its culture

  The Chinese film industry should have more confidence in its cultural heritage, even though it has been developing rapidly in recent years, Amanda Nevill, chief executive officer of the British Film Industry (BFI), said in a recent interview with Xinhua. China.org