Meet the Chinese Backer of Ang Lee’s ‘Gemini Man’
After experimenting with 120 fps in Billy Lynn’s Long Halftime Walk in 2016, Ang Lee’s new sci-fi action movie Gemini Man recently scored an October 11 North American release. The new film is financially backed by a group of entertainment powerhouses, including Skydance Media, Paramount Pictures and Chinese conglomerate and investment company Fosun Group. This is not the first time Fosun Group backs an Ang Lee film. As we know that Billy Lynn’s Long Halftime Walk was produced by Studio 8, in which Fosun Group owns 80% of stake. 27 years ago, Fosun Group was founded with registration capital of RMB 38,000. Today, it’s a global company whose total assets are worth RMB 638.9 billion. In addition to investing in film companies and individual film projects, Fosun Group established Fosun Pictures in 2017 to officially enter the film and TV market. Read more on National Business Daily
Indian Film ‘Mom’ Set for May 10 China Release
It’s just announced that 2017 Indian crime thriller film Mom just scored a May 10 release date for China. Directed by Ravi Udaywar and written by Girish Kohli, the film centers around a woman who sets out to avenge her step-daughter. This is the last movie of the late Indian actress Sridevi who passed away in 2018 due to an accidental drowning. Read more on Mtime
Mahua FunAge to Delist from China’s Stock Exchange NEEQ
On March 29, Mahua FunAge announced that the company is applying to terminate its listing on China’s National Equities Exchange and Quotations (NEEQ). It has been only three years since the company got listed on NEEQ in December, 2015. Originally formed as a theatrical comedic troupe, Mahua FunAge has been expanding its business into film production since 2015 and making several box office hits including Goodbye Mr. Loser and Never Say Die. The successful box office performance once made the company become a star in the capital market. However, it didn’t last long. As several recent films produced by Mahua were poorly received, the company’s performance has been strongly affected. To terminate its listing may help the company adjust its business strategy and reduce operation costs. Read more on yuleguan001
