On February 6, China's film studio Huayi Brothers received a letter of concern from the Shenzhen Stock Exchange, asking the company to further explain its substantial loss in in each business segment in fiscal year 2019. Read More
On January 23, the theatrical releases of all seven Chinese new year films were cancelled to prevent the Wuhan coronavirus from further spreading. Read More
Industry observers said the movie theater industry is likely approaching a period of consolidation as the business faces abundant challenges: a drop in viewership even as cinema chains have continued to add theater screens, insanely high rents that eat into profits, and a government-imposed limit on foreign titles. Read More
Before 2018, movie theme park was a trendy sector that many top film companies, such as Huayi Brothers, Beijing Enlight Media and Wanda Pictures, were eager to tap into. That's not the case anymore. Read More
Alibaba Pictures announced that its affiliated company Beijing Asian Union Culture and Media Investment Ltd. would make a five-year loan of 700 million yuan (US$ 103 million) to Huayi Brothers. Read More
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