Headlines from China: Macao Ready to Re-open Movie Theaters on March 2

UA Galaxy Macao Cinema

Macao Ready to Re-open Movie Theaters on March 2

Starting from March 2, all administrative departments of the Macao S.A.R Government will resume normal operations and services. In addition, entertainment venues, include cinemas, theaters, karaoke joints and bars, are allowed to resume businesses with proper epidemic prevention measures. The decision was made by the government as the region has no new confirmed cases of coronavirus infection for 23 consecutive days. Meanwhile, the epidemic situation in Guangdong Provide has also eased, especially considering there have been zero new cases in the neighboring city Zhuhai for 9 days, as well as in Zhongshan for 10 days. Nonetheless, the government still requires entertainment venues to follow “four principles” for business resumption. All business staff and customers should wear masks at all times and can only take off masks while eating. Venues should limit guest capacity to half of the originally approved capacity, prevent anyone from entering a business venue with a fever or cough, and restrict any high-risk service programs. Read more on Sina

Huayi Brothers Lost Nearly 4 Billion Yuan in 2019

On February 28, Huayi Brothers released the company’s performance report for the fiscal year 2019. 28. The report showed that the company earned total revenue of 2.31 billion yuan (US$330.38 M) during the reporting period, a 40.59% decrease compared with the same period of 2018. The net loss of the company was 3.963 billion yuan (US$566.80 M), a sharp fall of 262.56% compared to the same period 0f 2018. Huayi Brothers also announced on the same day that the company will take a loan of 100 million yuan from Wang Zhongjun, the company’s controlling shareholder and chairman. The loan is interest-free and the loan period will be 24 months. Huayi Brothers’ movie releases for 2020 and later include Guan Hu’s The Eight Hundred, Jia Zhangke’s documentary Swimming Out Till the Sea Turns Blue, Stephen Chow’s Mermaid 2, video game movie Onmyoji and other four projects that have all wrapped shooting. In an interview in January, Wang Zhongjun said that 2020 would be the “life-or-death moment” for the company. Read more on Jiemian