DAILY BRIEF: May 18, 2017

1
Disney Partners With Taiwan's Wudi Pictures on China Co-Productions
The partners' first co-production, "Miss Taken," a romantic comedy starring Jelly Lin of "The Mermaid," is currently in postproduction and will be released later this year. The Hollywood Reporter
2
Why Did a Chinese Peroxide Company Pay $1 Billion for a Talking Cat?
Even by the opaque standards of Chinese mergers and acquisitions, the deal was a head-scratcher. It’s hard to see the synergies between a maker of chemical solvents and a digital cat perched over a toilet. Bloomberg
3
At Cannes, Chinese Film Industry Is Bolstering Its Global Market Presence, Even If It Only Has Two Movies in Competition
There may be few Chinese films vying for festival honors this year, but the country’s producers are busy networking and making deals at Cannes’ other event: the world’s biggest film market. South China Morning Post
4
Chen Kaige’s 'Demon Cat' Picked Up by Moonstone, Emperor
Moonstone Entertainment and Hong Kong’s Emperor Motion Pictures will share sales duties on "Legend of the Demon Cat," the latest film from Palme d’Or winning Chinese director Chen Kaige. Variety
5
Why China's Stars Are Promoting Europe's Brands
China's film and TV stars are increasingly becoming the face of European and British brands. From perfumes to makeup, fashion and food, many are partnering up with international brands to expand in China's booming consumer market. Reuters