China Box Office: ‘Give Me Five’ Wins on Slow Weekend

Patrick Frater Asia Bureau Chief Hong Kong multi-hyphenate Peter Chan Ho-sun is far too intellectual to call himself an “arms dealer,” as Sony Pictures has in casting itself as an unattached supplier to streaming platforms. But politeness and Bob Dylan references aside, Chan’s new company, Changin’ Pictures, aims to become a major independent purveyor of premium Asian TV content for the streamers. The company is using this week’s Busan International Film Festival as its launchpad and will unveil the first five series of its 20-title pan-Asian slate.  Chan’s thesis is that global audiences are hungry for Asian content but have not been able to access it easily under legacy film and TV distribution systems. With streaming making everything accessible everywhere, and audiences no longer balking at subtitles, quality Asian drama can and will travel.

Patrick Frater Asia Bureau Chief EST Studios, the film company established this year by 88Rising co-founder Jaeson Ma and former Vice Media executive Eric Tu, has struck a partnership arrangement with China’s Hugoeast Media. The partnership is looking at an initial slate of eight projects, with EST Studios representing sales at the major film markets including the upcoming Asian Contents and Film Market and Asian Project Market at the Busan International Film Festival. EST will be the exclusive representative for Hugoeast’s titles in North America. In other territories (outside of China) it will handle them on a non-exclusive basis.

Patrick Frater Asia Bureau Chief Fresh from a chaotic Singapore Grand Prix on Sunday, TV coverage of Formula One motor racing is set to shift broadcasting partner in Asia-Pacific. Sports Business reports that pay-TV broadcaster beIN Sports is finalizing a multi-year deal beginning in 2023 reaching across most of its Asia-Pacific footprint, but excluding Australia, where Foxtel recently renewed its deal, and New Zealand.

Patrick Frater Asia Bureau Chief Patriotic action film “Homecoming” dominated cinemagoing in China over the weekend with a nearly $60 million haul. But the National Day holiday season is in a deep slump compared with recent years. Directed by Rao Xiaozhi, the film is yet another tale of a heroic rescue of Chinese citizens in danger in foreign lands. In this instance, two Chinese diplomats must return to war-torn 2011 Libya to save 125 people who have been left behind. The film opened on Friday and garnered an impressive $59.3 million (RMB421) according to data from consultancy Artisan Gateway. It accounted for a thumping 67% market share. Imax reported that the film had been shot with Imax-certified cameras and that $3 million of the total came from its screens in China.

Sarigama Cinemas’ Ponniyin Selvan: Part One crashed the weekend box office at no. 6, looking at $4+ million on 500 screens for a per theater average of $8,260, the biggest of the top ten.

It was a varied offering at the international box office this weekend with newcomers from Hollywood and offshore markets, as well as notable holds, as we inch closer to full-on action later in October. 

Patrick Frater Asia Bureau Chief Soi Cheang Pou-soi’s crime thriller “Limbo” is the front-runner in the Golden Horse Film Awards, with 14 nominations. It is narrowly ahead of Taiwan-produced “Coo-Coo 043” and “Incantation,” which both have 13 nominations. All three films compete for the best feature award, best director, supporting actor, art direction, makeup and costume design, original film score, film editing and sound effects. The Taiwan-based Golden Horse Awards have long been considered as the most prestigious prize race for Chinese language films, but they have been boycotted by mainland Chinese films and filmmakers for the past three years on the order of mainland Chinese authorities. This followed a pro-Taiwan independence speech given from the stage in 2018 by a local prize winner.

Patrick Frater Asia Bureau Chief Online video is taking up the role of growth engine for the Asia Pacific video industry as free-TV in the region moves into long-term decline, says a new report. The video sector is forecast to remain robust this year, but recession could deal a blow to sector performance in 2023. Video sector revenues – defined as subscription fees and advertising generated by free TV, pay-TV and online video platforms – in 14 Asia-Pacific markets are forecast to will grow by 6.4% in the current year to reach $143 billion, according to Media Partners Asia.

Patrick Frater Asia Bureau Chief China recorded an unchanged top five films and its weakest box office weekend since Chinese New Year. Nationwide gross box office was just $18.6 million. Comedy drama film “Give Me Five” held on to the top spot for the third week, with a weekend score of $6.3 million (RMB43.3 million), according to data from consultancy Artisan Gateway. It now has a cumulative of $46.4 million since release on Sept. 9, 2022. The film is the story of a young man who is helping his father rediscover his lost memories. As he does so, he is transported back in time and accidentally alters his parent’s pasts. That means he must reunite the pair or risk never being born. It stars Ma Li Chang Yuan and Wei Xiang and is directed by Zhang Luan.

Forty members of the crew and production team on Olivia Wilde’s new movie Don’t Worry Darling have spoken out to dispute “the absurd gossip” surrounding alleged on-set unrest during the production of the New Line Cinema pic starring Harry Styles, Olivia Pugh and Chris Pine.

The dinosaurs have done it as Universal/Amblin’s Jurassic World Dominion crossed the $1B mark at the global box office with Thursday’s business included. It took a little while, but that shouldn’t diminish that this makes the Colin Trevorrow-directed installment one of only three films to the milestone since the beginning of the pandemic. It is the No. 2 film of 2022 behind Top Gun: Maverick.

Patrick Frater Asia Bureau Chief Shares of Tencent Music Entertainment, China’s largest online music company, made a slow but steady start Wednesday in trading on the Hong Kong Stock Exchange. At the lunchtime trading break, the shares had climbed to HK$18.22, up from their opening at HK$18.00. They are traded under the number 1698. The company already has a listing on the New York Stock Exchange and the debut in Hong Kong is by way of an introduction that raises no fresh capital and does not involve the issue of new shares. The establishment of a secondary listing allows the company to reduce the risk of a delisting by the U.S. authorities or problems from Chinese authorities if they deem the company to be in breach of data security regulations.

Brett Morgen’s kaleidoscopic ode to David Bowie landed at no 10 in North America this weekend, singing up $1.225 million on 170 screens – exclusively Imax (159 U.S. locations, 11 in Canada).

Patrick Frater Asia Bureau Chief Veteran film, theater and opera director Julie Taymor has been set as the president of the competition jury at next month’s Tokyo International Film Festival. Taymor (“The Lion King”) will head a small group that selects the winners from the 15 competition titles that unspool in Tokyo between Oct. 24 and Nov. 2, 2022. The other four members of the jury will be announced later. Taymor is the second woman to head the jury in as many years and follows Isabelle Huppert in 2021. There was no competition in 2020 due to COVID. And in 2019, the jury was headed by China’s Zhang Ziyi.

Refresh for latest…: There was a little more excitement at the international box office this weekend, with two local movies leading the charge and a handful of new milestones for Hollywood pics.

Patrick Frater Asia Bureau Chief Wang Xiaoshuai, director of “So Long, My Son” and “Red Amnesia,” will be the most senior mainland Chinese director to present a new film at a major Western festival this year. That may be a reflection of the growing political and economic separation between China and the West over the past couple of years — with COVID an additional irritant. But tough times can also breed innovation. Wang’s latest, “The Hotel,” a chamber piece about a small group of Chinese tourists trapped in a hotel in Thailand during the early days of the pandemic, was inspired by events that Wang personally endured in 2020. It was made in almost improvised fashion, with a hastily written screenplay and shot with available crew.

Widespread optimism months ago that domestic box office might readily return to pre-Covid levels has given way to a new sense of pragmatism about the movie business.

Patrick Frater Asia Bureau Chief Jack Neo, who is by far Singapore’s most commercially successful filmmaker, has begun production on “King of Musang King,” a comedy that he envisages being ready for release at Chinese New Year in January. The narrative gives prominent position to durians, the smelly Southeast Asian fruit that most people either love or hate. Neo (“Money No Enough,” the “Ah Boys to Men” franchise) will co-star, direct and produce through his J Team Productions. The film will be presented by J Team, mm2 Entertainment and Cathay Cineplexes. The story revolves around a man (played by Mark Lee), his abandoned Malaysian wife (played by Yeo Yann Yann), and childhood friend Mao Shan (played by Jack Neo).

Patrick Frater Asia Bureau Chief For Asian media operators, the death of Queen Elizabeth II occurred in the middle of the night — Buckingham Palace made its announcement at 6.30 p.m. BST on Thursday — which meant some needed to play catch-up. That was achieved quicker by online and TV outlets than print media. In Australia, a Commonwealth country which has also lost its monarch, public radio and TV broadcaster Australian Broadcasting Corporation newsreaders dressed in black. Programming has switched to reflect the Queen’s life and seven decades of reign. News Corp., which operates major print news brands in Australia, said it will publish souvenir issues on Saturday. These will include the Herald Sun, Daily Telegraph, The Courier-Mail and The Advertiser.

Patrick Frater Asia Bureau Chief Family comedy “Table For Six” has set an opening day local record for a comedy film in Hong Kong, to the relief of producers who were forced to digest a releasing delay of six months. The Sunny Chan-directed film opened Wednesday in Hong Kong and Macau at 61 theatres, playing a total of 608 sessions. That gave it an accumulated box office of HK$1,986,701 ($255,000). “Table for Six,” which chronicles a family’s holiday gathering where food, love, friendship, jealousy and relationships are on the menu, had originally been planned as a dish to be served at Chinese New Year, in February. And producers had assembled a cast of major Hong Kong and regional talents, including Dayo Wong, Stephy Tang, Louise Cheung, Ivana Wong, Lin Min-Chen and Chan Charm Man.