Headlines from China: Wanda Film to Continue Suspension of Trading, Requesting More Time for Assets Consolidation

Wanda Film to Continue Suspension of Trading, Requesting More Time for Assets Consolidation

According to a recent announcement made by Wanda Film Holding Co, the company plans to file a request to the Shenzhen Stock Exchange to continue the suspension of trading in its shares, as the company needs more time to prepare for its assets consolidation. In addition, Wanda Film also announces that the company is interested in acquiring 100 percent stake in Wanda Pictures, the previously privately held production and distribution arm of Wanda Group. According to the statement, this acquisition will not affect Wang Jianlin’s control over Wanda Film Holding Co. Read more on Ent Group

What Makes Korean Movies Unpopular in the Chinese Market

While Japanese movies are increasingly popular in the Chinese market, Korean movies are rarely seen. In addition to political reasons, what else might have caused such a phenomenon? Currently, the most well received genres in China are comedy, action, and fantasy. However, Korea is known for its crime, suspense, and thriller films, which can’t satisfy Chinese audiences’ needs of being entertained. In addition, many Korean movies intend to reflect social issues and criticize their government, which makes it extra challenging for Korean movies to pass Chinese censorship. Read more on TMT Post

Recommended ReadingSouth Korean Content Restrictions Continue in ChinaBy Steven Schwankert

Lobbies of Movie Theaters are Increasingly Important for Advertisers in China

As the number of Chinese moviegoers continuously goes up, advertisers in China are increasingly interested in placing ads in the lobbies and waiting areas of movie theaters. According to Ent Group’s research, more than 77 percent Chinese audiences tend to arrive at movie theater at least 15 minutes earlier before their movie starts. And about 60 percent audiences stay a little longer after their movie is over in order to explore what other movies are playing and what other info is available at the venue. Read more on Ent Group

Chinese Web Series are Going Strong, Impressing Audiences with High Quality Content

This summer, a number of Chinese web series, such as ‘Spring Breeze Ten Miles’, ‘Tientsin Mystic’, and ‘Day and Night’, successfully impressed audiences with both commercial and critical success, gradually changing the notion that a Chinese web series amounts to low budget and unprofessional crew. As Chinese streaming sites continuously increase their investment in web series and pay more attention to content, the market sees flow of talents to this sector. Read more on China News

Chinese War Movie ‘Sky Hunter’ to Open across China on September 29

On September 15, a trailer of Chinese war film ‘Sky Hunter’ was released along with an announcement of the film’s updated official release date. According to the accouchement, ‘Sky Hunter’ will open across China on Friday September 29 at 6 pm, one day earlier than its previously announced release date September 30. As China’s first action movie focusing on the country’s modern air force, ‘Sky Hunter’ is directed by actor turned director Li Chen and stars China’s highest paid actress Fan Bingbing. Read more on Mtime