LATEST NEWS

LeEco Cash Crunch Eases With Share Transfer

Apr 1, 2017  /  Money  / 
With the completion the share transfer formalities, LeEco has sold 171 million shares, or 8.56 percent of the arm’s total equity, for RMB 6.04 billion. Read More

Wanda Cinemas Rebrands as Wanda Film Holding, 2016 Profit Up 15 Percent

Mar 31, 2017  /  News  / 
Wanda Cinemas' name change indicates that the company still intends on reorganizing its entertainment assets after it shelved those plans late last year, when regulators expressed concern over the financial viability of the change. Read More

Alibaba Pictures Posts $139 Million 2016 Loss

Mar 31, 2017  /  Money  / 
The company blamed soaring sales and marketing of RMB 1.1 billion (US$159.6 million) for the expanded loss, which compared with an RMB 466 million net profit in the previous year. Read More

Despite 2016 Slowdown, Wanda’s Zeng Predicts Strong China Cinema Growth

Mar 30, 2017  /  Box Office  / 
The president of the world's largest cinema exhibitor said earlier this week that he expects the growth of China's cinema market to resume double-digit growth despite expanding less than four percent in 2016. Read More

China Newspaper Calls Production Gap with Hollywood ‘Embarrassing’

Mar 29, 2017  /  News  / 
A China nationalist, state-run newspaper editorial has decried the quality of film production in the country and called the gap between foreign movies and Chinese ones "embarrassing." Read More

China’s Live Streaming Sector Booms, but Looming Challenges

Mar 29, 2017  /  News  / 
More than 200 live streaming platforms and apps are actively involved in the live streaming sector, which CreditSuisse estimated to have topped RMB 25 billion in 2016, attracting 325 million users. Read More

‘Pirates of the Caribbean: Dead Men Tell No Tales’ Passes China Censorship

Mar 29, 2017  /  News  / 
Disney’s "Pirates Of The Caribbean: Dead Men Tell No Tales" has been approved for cinemas in China, according to sources familiar with the matter, but a release date is yet to be announced. Read More

Holiday Box Office in China – Tomb Sweeping Festival

Mar 28, 2017  /  Infographics  / 
The three-day Tomb Sweeping Festival holiday typically sees a significant boost in moviegoing attendance, but it has historically lagged behind other three-day holidays including Chinese New Year, Labor Day at the beginning of May, and the Dragon Boat Festival in June. Read More

Korean Movies Face Beijing International Film Festival Ban: Report

Mar 28, 2017  /  News  / 
Hollywood should take note that the current freeze on Korean films, television, and popular music could similarly be employed against American entertainment if a trade war or other dispute between China and the US emerged. Read More

China’s Huayi Brothers Sees 2016 Profit Fall

Mar 28, 2017  /  Money  / 
Huayi Brothers, which is run by brothers Wang Zhongjun and Wang Zhonglei, pulled in total revenue of RMB 3.53 billion ($512.7 million), with net cash flows from operating activities of RMB 759 million. Read More

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