Headlines from China: Beijing Culture Buys Land to Build Film Town

A screenshot from the company Beijing Culture website

Beijing Culture Buys Land to Build Film Town

On October 14, Beijing Jingxi Culture and Tourism Co., Ltd. (abbr. Beijing Culture) announced that the company plans to acquire 100% of the share in Beijing Orient Landscape Resort Co.,Ltd., which owns usage rights to 29 state-owned lands, as well as one leased land, in Beijing’s Miyun District. According to Beijing Culture, Beijing Culture will build a cultural tourism town based on films produced by the company, which will include shopping areas, hotels, film studios & theatres, theme parks and restaurants. After the transaction, Beijing Orient Landscape Resort Co.,Ltd. will be Beijing Culture’s wholly-owned subsidiary. Beijing Culture, producer of such films as Wolf Warrior 2, Dying to Survive, and The Wandering Earth, also released its financial performance of the first three quarters of 2019. The net profit of the company was RMB100-130 million, with a year-on-year growth of 116.17%-181.03%. Read more on Sina

Three Chinese Films Nominated for Australian Academy’s Best Asian Film Award

The Australian Academy of Cinema and Television Arts (AACTA) today (Oct 15) unveiled the films nominated for the 2019 AACTA Award for Best Asian Film. Nominated titles from mainland China are Ne Zha, The Wandering Earth, and Shadow. The three films will compete with other 6 films, including South Korea’s Parasite, Japan’s We Are Little Zombies,  Phillipenes’ Hello Love Goodbye, and three films from India, Andhadhun, Gully Boy, and Super Deluxe. Last year’s winner of the award was Chinese film Dying to Survive. For this year, Russell Crowe will serve the Jury President, and the award ceremony will be held in Syndey on December 4. Read more on Mtime