DAILY BRIEF: Aug 31, 2017

NEWS YOU SHOULDN’T MISS

• 1

  Wanda Film Profits Outstrip China Theatrical Market

  Wanda Film Holdings delivered some good news to the embattled Dalian Wanda group. The cinema business enjoyed profits in the six months to June that grew by 10% to $132 million (RMB887 million), up from $120 million (RMB805 million) in the same period last year. Variety

• 2

  Can China Repeat Wolf Warrior 2’s Box Office Success?

  Commercial filmmakers in China must cope with fickle audiences whose tastes are ever changing and who distrust Chinese films, but the industry doesn’t help itself, with the poor returns on made-in-China animated films a prime example South China Morning Post

• 3

  Chinese 'Spider-Man' Posters Are Just Plain Cool

  Despite delays for Marvel's blockbuster Spider-Man: Homecoming to hit Chinese theaters, fans in the Middle Kingdom are able to enjoy a new slate of posters featuring the webslinger in familiar Chinese tableaus before the film's release next week. The Hollywood Reporter

• 4

  Alibaba Pictures First Half Revenue Soar on back of Online Promotion and Distribution Business

  Alibaba Pictures Group, the entertainment subsidiary of e-commerce titan Alibaba Group Holding, recorded a 313 per cent year on year jump in revenue for the six months ended June 30 amid aggressive moves to build its infrastructure for the mainland Chinese film industry. South China Morning Post

• 5

  Alibaba Pictures Loses $84 Million in Six Months

  Losses at Alibaba Pictures Group deepened to $83.7 million (RMB561 million) in the six months to June. Revenue pointed in the opposite direction and nearly quadrupled from RMB257 million to $158 million (RMB1.06 billion). The company, part of Chinese commerce giant Alibaba, said that it expects to enter “a new phase of development in the near future.” Variety