China Box Office: ‘Godzilla X Kong: The New Empire’ Has Hollywood’s Best Opening This Year

Patrick Frater Asia Bureau Chief Disney has confirmed that Korean webtoon-to-screen adaptation “Low Life” is poised to begin production. When valuable treasure is discovered off the coast of Korea, the country’s biggest degenerates come crawling out of the woodwork in the hope of striking it big. Word spreads after a fisherman got lucky and kept a piece of the booty for himself.

Patrick Frater Asia Bureau Chief Crime drama “The Goldfinger” was the numerical winner at the Hong Kong Film Awards, where it won six prizes on Sunday. But it missed out on the best film prize, which went to box office record breaker “A Guilty Conscience.” “The Goldfinger,” a retro financial thriller starring Tony Leung Chiu-wai and Andy Lau Tak-wah, earned a slew of technical award (cinematography, art direction, costume and make up, sound design and visual effects) as well as the lead actor prize for Leung. Two films took three prizes each: “In Broad Daylight,” an investigation into abuse at a care home, and “Mad Fate,” Soi Cheang’s grungy examination of superstition in the city.

Patrick Frater Asia Bureau Chief Oscar-winning Japanese animated fantasy “The Boy and the Heron” held on to top spot at the mainland China box office to record a second weekend win. The film, which opened triumphantly on April 3, in time for a family-oriented long weekend, fell steeply in its second, non-holiday, frame. It earned $12.8 million (RMB90.6 million), according to data from consultancy firm Artisan Gateway.

Patrick Frater Asia Bureau Chief TF Entertainment, the company behind Chinese pop sensations TFBoys and Teens in Times (aka TNT), has struck a strategic alliance with Universal Music Greater China. The deal includes global digital distribution for TF Entertainment’s roster of talent and the targeting of markets outside Mainland China. The objective is to leverage parent group Universal Music Group’s global distribution capabilities and marketing network to elevate Chinese pop’s global prominence. TF Entertainment was founded in 2009 and developed a trainee system to cultivate idol groups within Chinese pop.

Patrick Frater Asia Bureau Chief China’s video streamers, much like their counterparts in the west, have passed their peak growth phase and have been forced to refocus their efforts on achieving profitability. In the case of IQiyi, which is a subsidiary of tech giant Baidu but has its own stock market listing on the NASDAQ, that transition has meant reduced content spending and a more rigorous approach to quality and investment in winning shows. “To the Wonder,” which debuted on Sunday in competition at Canneseries, is a product of that less-is-more approach.

Patrick Frater Asia Bureau Chief “Snow in Midsummer,” which quietly probes the 1969 massacre of Malaysian Chinese during post-election turmoil, was named the winner of the best film for young cinema competition (Chinese-language) at the Hong Kong International Film Festival. Liang Ming was named best director for “Carefree Days,” while the film’s female lead Lyu Xingchen collected the best actress award.

Patrick Frater Asia Bureau Chief Oscar-winning Japanese animation film “The Boy and the Heron” earned a chart-topping $34.9 million between Friday and Sunday at the mainland China box office. Over its full five-day opening run, it took an even more spectacular $73 million. China was the last major territory to play the Studio Ghibli-produced fantasy in cinemas – it released in its native Japan in July and is imminently headed to streaming in many other territories – but that did not stop Chinese audiences from lapping it up. While most films release in China on a Friday, “The Boy and the Heron” was given a Wednesday outing in order to capture momentum from the Thursday-to-Saturday Qingming public holiday. Consultancy firm Artisan reports that it earned RMB248 million ($34.9 million) over the conventional Friday-to-Sunday weekend.

“Godzilla x Kong: The New Empire” easily swatted away a pair of challengers to hold on to the top spot at the box office for the second week in a row, according to studio estimates Sunday.After its above-expectations $80 million launch last weekend, the MonsterVerse mashup brought in $31.7 million over its second weekend, a 60% drop from its debut.The Warner Bros. and Legendary Pictures release, directed by Adam Wingard, has thus far outperformed any of the studio’s recent monster films except for 2014’s “Godzilla.”But with $361.1 million worldwide in two weeks, “Godzilla x Kong” could ultimately leapfrog the $529 million global haul of 2014’s “Godzilla.”The latest installment, in which Godzilla and Kong team up, cost about $135 million to produce.“Godzilla x Kong” extended its box-office reign as another primate-themed movie arrived in theaters.

Patrick Frater Asia Bureau Chief Worldwide box office is headed for a marginal decline of 3% in 2024, a setback that follows three years of recovery from a pandemic era low in 2020. Gower Street Analytics, a distribution and exhibition industry consultancy, forecasts that worldwide box office this year will aggregate at $32.3 billion, down by more than $1 billion from the $33.9 billion earned in 2023. “A $32.3 billion global box office in 2024 would represent an approximate 5% decrease year-on-year (a 3% decrease at current exchange rates) from 2023. The 2024 revised estimate is 18% lower than an average of the last three pre-pandemic years (2017-2019),” Gower Street said. The forecast comes on the eve of CinemaCon, the annual National Association of Theater Owners convention, being held in Las Vegas April 8-11. While Gower Street’s forecast is for a marginal decline, it actually represents a more than $1 billion improvement on its previous $31.5 million forecast for 2024.

Patrick Frater Asia Bureau Chief Oscar-winning Japanese animation “The Boy and the Heron” opened its wings in mainland Chinese theaters in midweek and soared to the top of the box office. Data from multiple local tracking sources show the Miyazaki Hayao-directed fantasy-adventure accounting for more than half of all cinema revenues on both Wednesday and Thursday. On Wednesday it garnered $13.8 million, according to estimates from Ent Group. By 6.30pm on Thursday, ticket sales firm Maoyan was showing the title as having grown its two-day running total to RMB254 million or $35.2 million. While films mostly open on Fridays in China, “The Boy and the Heron” was given a Wednesday outing in order to play into the three-day Qingming public holiday.

Naman Ramachandran Honors were even atop the U.K. and Ireland box office as Universal’s “Kung Fu Panda 4” and Warner Bros.’ “Godzilla X Kong: The New Empire” battled for top spot during the Easter holiday weekend. While “Godzilla X Kong: The New Empire” won the three-day weekend, “Kung Fu Panda 4” had the higher gross including previews.

Godzilla x Kong: The New Empire is huge!

whopping $37 million during its first week in theaters, according to IMDB’s Box Office Mojo. The Rebecca Hall-helmed big budget beastly buddy film, which The Post said has “a brain-busting plot,” opened in 3,861 theaters, and follows 2021’s “Godzilla vs.

Brent Lang Executive Editor “Godzilla x Kong: The New Empire” is looking mighty as it heads into its opening weekend, earning an impressive $10 million in Thursday previews. The muscular results come despite the fact that the film suffered meh reviews — critics faulted the latest clash of the primordial beasts for hectic pacing and overstuffed plotting. Variety‘s Owen Gleiberman, for instance, dismissed the film as “overly busy boilerplate” (though he liked the finale).

In the wake of Dune: Part Two, Kung Fu Panda 4 and Ghostbusters: Frozen Empire, Legendary/Warner Bros‘ Godzilla x Kong: The New Empire continues to provide momentum to the box office following a lack of event titles in Q1 due to the strikes. Tonight, sources tell us that the Adam Wingard directed monster mash movie is seeing $8M from previews that began at 3PM Thursday in roughly 3,400 locations. That’s arguably the second-best previews ever for a Legendary’s Monsterverse movie following the first 2014 Godzilla which posted $9.3M. That Gareth Edwards directed lizard movie went on to make $38.4M on its first Friday with a 3-day of $93.1M.

Patrick Frater Asia Bureau Chief Veteran Chinese director Zhang Yimou will be presented with a lifetime achievement award at the upcoming edition of the Festival of Far East Film in Italy’s Udine (April 24 – May 2). The lineup will include three films by Zhang: his 2023 political thriller “Under the Light” in its competition section; as well as “To Live” and “Raise the Red Lantern” in its restored classics section. The festival’s total lineup includes 74 films in total – 47 in competition and 28 out of competition) from 11 countries.

Patrick Frater Asia Bureau Chief “Sweet Planet,” a one of the highest-profile China-Europe co-productions of recent years, will air on China Global Television Network from Friday. The six-part culinary documentary is a co-production between millennial-focused global channel operator Insight TV, Netherlands-based production company JOIIN, and CGTN. It explore the culinary and cultural impact of sugar in cooking and food rituals around the world.

The world premiere of Godzilla x Kong: The New Empire is here!

Patrick Frater Asia Bureau Chief Universal’s “The Fall Guy” will open in mainland Chinese cinemas next month, ahead of its debut in the U.S. and star Ryan Gosling’s native Canada. The film is set to release officially in China on April 30.

Patrick Frater Asia Bureau Chief Acclaimed Chinese film director Chen Daming is expected to direct “The Peking Express,” a book-to-film adaptation of the story of an infamous train robbery that took place 100 years ago. The non-fiction book was written Beijing-based writer and lawyer James Zimmerman and was an ‘Editor’s Choice’ selection by the New York Times. It describes the raid on a luxury express train by Chinese bandits in Shandong Province in 1923 and the ensuing six-week hostage standoff that captivated the world.