Despite the buzz, the circulation of this rumor reflects the troubles Alibaba Pictures is facing: mediocre performance of a unit where the parent company had placed high hopes (and money) on. Read More
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
Ticket receipts across the three-day New Year’s Holiday (元旦节) from Saturday through Monday totaled RMB 662 million (US$95 million), a 22 percent decrease from 2016’s record-breaking haul of RMB 849 million ($130 million). Read More
China’s swan-diving box office will go out aptly this weekend with a whimper as 2016 makes room for a handful of new releases straggling in for the three-day New Year’s public holiday. Read More
An article published on the mobile platform of People’s Daily on Wednesday attracted ridicule for claiming that “irresponsible” low online ratings and negative comments were damaging trust in the domestic film industry. Read More
As predicted, the new releases took the top two spots at the weekend box office, pushing last weekend’s victor "The Great Wall" to a third place finish with RMB 184 million ($26.5 million). Read More
With the wide releases of both Jackie Chan’s "Railroad Tigers" and the romantic comedy "See You Tomorrow" dominating Chinese theaters this weekend, "The Great Wall" will lose more than half of its screens. Read More
"The Great Wall"’s debut was on par with this summer’s most commercially successful local film, "Time Raiders" (盗墓笔记), which pulled in RMB 476 million on its opening weekend in August on the way to an RMB 1 billion finish. Read More
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