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Alibaba Pictures Posts $139 Million 2016 Loss

Mar 31, 2017 / 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

Despite 2016 Slowdown, Wanda’s Zeng Predicts Strong China Cinema Growth

Mar 30, 2017 / Box Office /

The president of the world's largest cinema exhibitor said earlier this week that he expects the growth of China's cinema market to resume double-digit growth despite expanding less than four percent in 2016. Read More

China Newspaper Calls Production Gap with Hollywood ‘Embarrassing’

Mar 29, 2017 / News /

A China nationalist, state-run newspaper editorial has decried the quality of film production in the country and called the gap between foreign movies and Chinese ones "embarrassing." Read More

China’s Live Streaming Sector Booms, but Looming Challenges

Mar 29, 2017 / News /

More than 200 live streaming platforms and apps are actively involved in the live streaming sector, which CreditSuisse estimated to have topped RMB 25 billion in 2016, attracting 325 million users. Read More

‘Pirates of the Caribbean: Dead Men Tell No Tales’ Passes China Censorship

Mar 29, 2017 / News /

Disney’s "Pirates Of The Caribbean: Dead Men Tell No Tales" has been approved for cinemas in China, according to sources familiar with the matter, but a release date is yet to be announced. Read More

Korean Movies Face Beijing International Film Festival Ban: Report

Mar 28, 2017 / News /

Hollywood should take note that the current freeze on Korean films, television, and popular music could similarly be employed against American entertainment if a trade war or other dispute between China and the US emerged. Read More

China’s Huayi Brothers Sees 2016 Profit Fall

Mar 28, 2017 / 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

This VR Company Films for CCTV, and Provides Technology for Low-End VR Cameras

Mar 28, 2017 / News /

CFI’s take: Despite slow uptake in North America, virtual reality is gaining traction in China, to the point where even its biggest broadcaster is producing content for the new format. China’s virtual reality (VR) market is expected to expand more than four-fold in 2017 as more major players enter the industry, according to IDC’s forecasts released Read More

China Blamed for Slow 2016 Global Box Office Growth

Mar 24, 2017 / Box Office /

The box office in China, which had grown in double-digits since 2003, still set its own record with $6.6 billion in 2016, but grew overall only 3.7 percent. US and Canada took in $11.4 billion, up a mere two percent over 2015. In China, a total of 10 films reached RMB 1 billion or higher Read More

‘Moonlight’ to Screen at Beijing International Film Festival, Maybe More

Mar 23, 2017 / News /

Even if it doesn’t secure a wide release, "Moonlight" will be coming to the Beijing International Film Festival in April, according to A24. Read More

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