Headlines from China: 1884 Film & TV Companies in China Went Out of Business in 2019

1884 Film & TV Companies in China Went Out of Business in 2019

The winter for the Chinese entertainment industry has not ended. According to Chinese business data service provider Tianyancha, 1884 Chinese companies in the film & television sector have gone out of business in 2019. On Tianyancha, status of these companies are found as de-registered, revoked, liquidated, or suspended. The television sector took the worst hit. For the first three quarters of 2019, the number of TV dramas in production decreased by 27% nationwide compared to that during the same period last year. Industry experts point out two reasons: first, both television networks and streaming platforms reduce budgets for drama acquisitions. Thus, production companies make much fewer profits than in the past. Second, regulation on film and TV content is increasingly stricter. . Read more on Securities Daily

‘Little Women’ Gets China Release

Produced by Columbia Pictures, 2019 drama film Little Women has been granted a theatrical release in China, although a release date has yet to be determined. A Chinese poster of the film was also unveiled today. Directed by Greta Gerwig, the coming-of-age period drama stars Saoirse Ronan, Emma Watson, Florence Pugh, Eliza Scanlen, Laura Dern, Timothée Chalamet, and Meryl Streep. Read more on Mtime

‘My People My Country’ Gets Second-round of Theatrical Extension

Huaxia Film Distribution released a statement on November 26, saying that Chinese patriotic film My People My Country has been permitted to extend its theatrical run for the second time. The film’s theatrical run began on September 30 and was first extended to November 30. The second extension will then allow it to stay in Chinese cinemas until December 31st. As press time, My People My Country has grossed RMB292.2 million (US$41.57 M) since it opened 59 days ago. Currently, it ranks ninth in the list of all-time top-grossing films in China. Read more on 1905.com