10 Predictions for China’s Film Industry in 2019
At the beginning of 2019, WeChat Media account yiqipaidianying made 10 predictions for China’s Film Industry in 2019: 1. total box office reaches RMB 65 billion; 2. imported films will play an important role, accounting for about half of the total box office, with Avengers 4 crossing the RMB 3-billion mark; 3. Chinese new year box office will reach RMB 7 billion yuan; 4. box office top 12 will generate more than half of the year’s total box office; 5. an increasing number of traditional film studios and filmmakers will participate in the making of web movies; 6. government policies will have bigger influence on the industry, as 2019 is the 70th anniversary of the founding of PRC; 7. entertainment firms will unlikely have strong performance in the capital market; 8. studios that are capable of consistently producing hit movies will be come winners of the industry; 9. 2019 will be a big year for homegrown science fiction films; 10. 2019 might be the worst year in a decade, but the best year within the next decade. Read more on yiqipaidianying
Mango TV and Huawei Partner on Monetization of Video Content
On December 29, China’s Mango TV and Huawei signed a deal to form an official partnership. The two companies will collaborate to monetize Mango TV’s video content through content share, cross promotion and big data. At the current stage, content share will be the focus in order for each company to build a broader consumer base. In addition, the collabration will expand into AI, VR and 5R in the future. Read more on Sansheng.
Will Paul Edward Become the First Variety Show Producer to Go Public in China?
On December 28, China Securities Regulatory Commission revealed a prospectus from Shanghai-based variety show producer Paul Edward Production. According to the prospectus, Paul Edward Production plans to launch its IPO in China to raise 1.5 billion yuan. The funds will be used on productions and operations. In 2015, 2016 and 2017, Paul Edward’s annual revenues are 2.46 billion yuan, 2.7 billion yuan, and 2.06 billion yuan, respectively. If Paul Edward successfully launches its IPO, it will become the first variety show producer to go public in China. Founded in 2006, Paul Edward Production has produced several hit variety shows, such as The Voice of China, Let’s Shake It, and Street Dance of China. Read more on yuledujiaoshou