DAILY BRIEF: May 17, 2018

NEWS YOU SHOULDN’T MISS

• 1

  Young Chinese Directors Content with Cannes Film Festival Debuts, Whether They Win or Lose

  For Wei Shujun and Shen Di, the memo that their films had been shortlisted for prizes at the prestigious film festival took a while to sink in South China Morning Post

• 2

  STX Boards Alibaba Pictures' High-Profile 'Warriors'

  STX Entertainment has come on board to co-produce "Warriors," one of the highest-profile movies being developed by Alibaba Pictures. "Harry Potter" producer David Heyman and STX board member Gigi Pritzker will produce the live action-and-CGI hybrid, which is based on a series young-adult books and targeted at children and the YA crowd. Variety

• 3

  ‘Avengers: Infinity War,’ buoyed by China, becomes the biggest superhero movie ever

  Disney/Marvel’s “Avengers: Infinity War” is the biggest superhero movie ever, before adjusting for inflation. Boosted by a massive $200 million opening in China, according to industry estimates, “Infinity War” has now grossed $1.6 billion worldwide, topping 2012’s “The Avengers” ($1.52 billion). The Washington Post

• 4

  Stan Lee Files $1 Billion Lawsuit against His Former Company Over Image Rights

  According to a lawsuit obtained by CNN, POW! CEO Shane Duffy and co-founder Gill Champion are alleged to have “conspired and agreed to broker a sham deal to sell POW! to a company in China and fraudulently steal Stan Lee’s identity, name, image, and likeness” when the company was sold to Hong Kong-based Camsing International in 2017. MarketWatch

• 5

  Billionaire Michael Bloomberg is Launching a Rival to Davos — and It's All about China

  Bloomberg's new conference — dubbed the New Economy Forum — will focus almost entirely on the rise of China and its knock-on effects. The conference will focus especially on the challenge China ultimately poses to the US as the world's hegemonic power. Business Insider