Headlines from China: Beijing Enlight Media to Build Billion-Dollar Film Studio in Yangzhou

Yang Zhou

Beijing Enlight Media to Build Billion-Dollar Film Studio in Yangzhou

Beijing Enlight Media has signed a deal with Yangzhou municipal government to build a film studio in Yangzhou, Jiangsu province, according to a recent announcement from the company. The budget of the project is not mentioned in the announcement. However, according to the information posted on the official website of Yangzhou government, the studio will be built on a 684-acre land with total investment of 10 billion yuan ($1.53 billion). Read more on yuleguan001

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R-rated Action Flick ’24 Hours to Live’ Set for January 26 China Release

24 Hours to Live, a 2017 American thriller film starring Ethan Hawke and Chinese Actress Xu Qing, has scored a January 26 China release, according to an official announcement made on December 28. Directed by Hollywood filmmaker Brian Smrz, the film follows a profession assassin (Ethan Hawke) who is brought back to life for 24 hours to seek revenge and redemption. 24 Hours to Live is not Xu Qing’s first Hollywood project. In the past, she has starred in Hollywood movie Looper (2012). Read more on Mtime

2018 to See More Chinese Entertainment Companies’ Overseas IPO?

As of December 22, there are 428 A-share companies went public in China. However, only three of them are from the entertainment sector. While the country’s overall capital market is skyrocketing, most of the IPO-seeking entertainment companies didn’t have the luck to experience it. As the Chinese government has tightened control over IPO lately, many Chinese entertainment companies are looking for other ways to enter the capital market, such as being acquired by a public company or seeking IPO in overseas markets. Read more on Entertainment Capital

Feng Xiaogang’s ‘Youth’ Tops the RMB 1 Billion Mark

According to Mtime Pro’s box office data, Feng Xiaogang’s drama film Youth earned 35.1 million yuan on December 28 (Beijing Time) and has officially joined the RMB 1 billion ($153 million) club. On the list of top 10 domestic films for 2017, Youth has climbed to the sixth spot, behind Wolf Warrior 2, Never Say Die, Kung Fu Yoga, Journey to the West: The Demons Strike Back, and Duckweed. This Friday (December 29), another four domestic films will open with total 80 percent of China’s showtimes, making the competition even fiercer during the New Year holiday weekend. Read more on Mtime