Posts Tagged ‘china’

China’s BesTV and Oriental Pearl Merge To Create New Media Giant

November 24, 2014  |  Variety  |  No Comments

Shanghai Media Group, a Chinese state-controlled conglomerate, has merged two of its listed subsidiaries to form a new group, that it claims will be the largest Internet media conglomerate in China. SMG is one of largest media and entertainment conglomerates in China and last week announced an expansion of its relationship with Disney. SMG is... Read more

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China’s ‘Black Coal’ Inks Historic Deal in Taiwan

November 21, 2014  |  Variety  |  No Comments

Berlin festival win exempts film from Taiwan's import restrictions.

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India’s Viacom 18 Teams with China’s Taihe for Jackie Chan’s ‘Kung-Fu Yoga’

November 21, 2014  |  Variety  |  No Comments

Indian studio Viacom 18 has signed a letter of intent with Chinese companies Taihe Entertainment Corporation and Shinework Media to co-produce “Kung-Fu Yoga”.

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Shanghai Disney Resort to Offer Bespoke Attractions, Chinese ‘Lion King’ Premiere

November 14, 2014  |  Variety  |  No Comments

New theme park will include Disneytown and Toy Story Hotel

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Warner Music Strikes Distribution Deal With China’s Tencent

November 13, 2014  |  Variety  |  No Comments

Warner Music has signed a major agreement with Chinese Internet giant Tencent.

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Nicolas Cage’s ‘Outcast’ Gets China Relaunch, eOne as U.S. Distributor (EXCLUSIVE)

November 4, 2014  |  Variety  |  No Comments

“Outcast,” the Chinese-made Nicolas Cage-starring period action movie, is to get a near simultaneous release in the world’s two biggest theatrical markets in early 2015 – some four months after its mainland China outing was thwarted. The film, directed by former cinematographer Nick Powell, will be released in China in January next year and in... Read more

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China’s Baidu Sees Profit Growth at 27%

October 30, 2014  |  Variety  |  No Comments

HONG KONG – Baidu, China’s search engine giant, saw net earnings grow by 27% in the third quarter, less than stock market forecasts, as revenues rose by 52%. Total revenues in the third quarter of 2014 were RMB13.5 billion ($2.20 billion) in the three months to end of September. Net attributable income was RMB3.88 billion... Read more

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Jon Feltheimer Sheds Little Light on Lionsgate-Alibaba Deal

October 28, 2014  |  Variety  |  No Comments

Lionsgate boss Jon Feltheimer says he is looking for the right partner in China, as markets talk of a stake sale to Chinese ecommerce giant.

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Alibaba Is in Talks With U.S. Movie Studios to Stream in China

October 24, 2014  |  Media Week  |  No Comments

Alibaba founder Jack Ma, fresh off his company's record-breaking $22 billion public stock offering, is shopping for U.S. movies to stream online in China. Ma and a group of Alibaba executives are meeting with studio chiefs next week to get the rights to content to sell to Chinese consumers hungry for TV and movies from Hollywood, according to Bloomberg. Ma’s reported wish list includes Walt Disney, Viacom, Lions Gate Entertainment, Warner Bros., Sony, 21st Century Fox and Comcast. In July, Alibaba struck a deal with Lions Gate to stream the Hunger Games franchise and TV show Mad Men to Chinese audiences. The New York Post reported that Ma wants to buy chairman Mark Rachesky’s controlling shares in Lions Gate, when he steps down as early as next month. Rachesky’s shares are worth about $1.6 billion. China is the No. 2 film market in the world, making the convenience of online subscription content a natural fit for Alibaba’s e-commerce network. However, China is not a straightforward place to do business. Last month, Chinese regulators announced they would cap the amount of foreign TV programs local providers could stream to online subscribers. Neftlix’s House of Cards, which attracts millions of Chinese viewers, was rumored to be in jeopardy. In April, Chinese regulators yanked NCIS, The Practice, The Good Wife and The Big Bang Theory off video streaming services without giving a reason. The Big Bang Theory was reportedly pulling in 120 million viewers a month. It remains to be seen if Ma’s clout and business savvy will overcome Chinese regulators and net him another lucrative revenue stream. Alibaba’s stock has been soaring on news of its interest in movie streaming.

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China’s Wanda Cinema Returns With $325 Million IPO

October 17, 2014  |  Variety  |  No Comments

Largest exhibition chain seeks capital for further expansion

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