China Box Office: Previews Propel ‘Kung Fu Panda 4’ to Fourth Place

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.

Patrick Frater Asia Bureau Chief Legendary Entertainment’s “Godzilla x Kong: The New Empire” had the best opening in China of any Hollywood film this year. It scored $44.6 million (RMB317 million) in mainland Chinese cinemas between Friday and Sunday, according to data from consultancy firm Artisan Gateway. That was a nearly 70% share of the country’s weekend box office. Nationwide, cinemas enjoyed $64.1 million of business, a significant leap from the $39.5 million they earned in the previous weekend.

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.

Naman Ramachandran Sony’s “Ghostbusters: Frozen Empire” debuted atop the U.K. and Ireland box office with £4 million ($5.1 million), according to numbers from Comscore. In the process, the band of ectoplasm hunters ended the three-week reign of Warner Bros.’ “Dune: Part II” in pole position.

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.

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.

Universal/DreamWorks Animation’s Kung Fu Panda 4 had a rock ‘em sock ‘em weekend at the international box office, adding $55.3M from 69 markets for a $135M overseas running cume, and $268.2M global (there are several key markets still to release, including France, Australia, the UK and Korea). 

Patrick Frater Asia Bureau Chief ‘Kung Fu Panda 4’ opened on top of the mainland China box office in its first official week of release. But its debut was soft and led the market to one of its quietest weekends of the year. The Universal-DreamWorks Animation picture earned $14.7 million (RMB105 million) between Friday and Sunday, according to data provided by consultancy firm Artisan Gateway.

Patrick Frater Asia Bureau Chief Miyazaki Hayao’s “The Boy and the Heron,” which recently won the Oscar for best animated feature film, will head to global streaming giant Netflix later this year, excluding the U.S. and Japan. The hand-drawn, critically acclaimed fantasy adventure film is part of a renewed worldwide catalog deal between Netflix and the Japanese producer Studio Ghibli, sales agent Goodfellas and independent distributor GKids.

Patrick Frater Asia Bureau Chief China’s social media, games and video giant Tencent saw 2023 revenues advance by 10% to $84.6 billion (RMB609 billion). But its net profits slid to $16.3 billion (RMB118 billion), down from $26.3 billion a year earlier. The group is directly affected by weakness in the mainland Chinese economy, which has recovered only slowly since the end of the COVID pandemic, and by ongoing regulatory concerns.

Patrick Frater Asia Bureau Chief Fashion, East-West Asian identities, corporate espionage and romance are on the agenda in “Morning, Paris!,” a new mini-series project being pitched at Series Mania by veteran filmmaker Quentin Lee (“The People I’ve Slept With,” “White Frog”). “’Morning, Paris!’ is a heartfelt comedy about a young modern BIPOC Canadian woman discovering herself in the most romantic city in the world,” says Lee. “Or put another way, it is a limited television series about an aspiring female fashion designer from Vancouver who ends up in Paris Fashion week with a very unlikely companion because she wants to spy on her boss on whom she has a crush.

Coming out of the weekend, and with Sunday’s actuals and Monday’s numbers included, there are new global milestones to celebrate for the two major Hollywood titles currently in release.

Patrick Frater Asia Bureau Chief Net profits at Tencent Music Entertainment, China’s largest digital music company, climbed 36% to reach $735 million (RMB5.22 billion) in 2023 – despite revenues declining by 2% to $3.91 billion. Fourth quarter profits were worth $198 million (RMB1.41 billion), earned from revenues 7% down at $971 million (RMB6.89 billion). The final figures cap a year in which the New York and Hong Kong listed subsidiary of Tencent saw monthly active user (MAU) numbers fall as it successfully organized the transition of a growing number of free users into paying subscribers. In the full year, revenues from music streaming subscriptions grew by 39% to $1.70 billion. That resulted from a 21% growth in the number of paying subscribers (from 88.5 million to 107 million) and a 20% increase in the average revenue per subscriber to RMB10.7 or $1.49.

Patrick Frater Asia Bureau Chief “The Boy and the Heron,” the Oscar-winning animated feature film by iconic Japanese director Miyazaki Hayao, is finally to be given a release in cinemas in mainland China. The picture is scheduled to release in China on April 3, 2024, according to Alibaba Pictures. Tickets are already available on booking sites such as Maoyan and Alibaba’s Taopiaopiao.

With a solid offshore hold, Denis Villeneuve’s Dune: Part Two is closing in on $500M globally. The overseas weekend brought in $51.2M across 73 markets, a 40% drop versus last session (-37% excluding China). The international box office cume through Sunday is $289.4M, and worldwide the running total is $494.7M. The latter figure means the film has already surpassed Villeneuve’s 2021 Dune worldwide.

Patrick Frater Asia Bureau Chief Linmon Pictures, one of the most outward-looking mainland Chinese entertainment firms, is preparing premium series “Hate Coin.” The show is being produced in association with Jonathan Wong and Justina Shih’s production company Octagon Metatainment, a Hong Kong-based multimedia studio. “Hate Coin” is based on international best-selling novel “Second Sister,” by successful Hong Kong novelist Chan Ho Kei, whose previous book “The Borrowed” was a crime story that panned five-decades. The story follows the activities of a young woman whose school-age sister appeared to have committed suicide. Suspecting foul play, the woman trams up with a manipulative hacker and cybersecurity expert to try to dig deeper. “What follows is a cat and mouse game through the city of Hong Kong and its digital underground, especially an online gossip platform, where someone has been slandering Siu-Man.

Patrick Frater Asia Bureau Chief “Escaping Man,” a Chinese drama feature about a man dragged into a kidnap plot, heads the FilMart slate of Hong Kong-based sales agency Autumn Sun Company. The protagonist is a man who spent 20 years in jail after being falsely accused of rape. After his release, he intends to confront the woman, but instead falls for her again — to the point that she is able to manipulate him into kidnapping the child for which she is the nanny.

Patrick Frater Asia Bureau Chief Peter Chan Ho-sun has assembled a starry cast headed by Zhang Ziyi and box office sensation Lei Jiayin for his new feature film “She Has No Name.” The film, which recently completed principal photography, probes the progress of women’s rights in China. “One woman’s suffering gives rise to the revolution of women’s social rights in China,” reads a tagline.

Patrick Frater Asia Bureau Chief Thailand is poised to get serious about its commitment to the film industry, and plans to launch a major new body, the Thailand Creative Culture Agency, with a budget of THB7 billion ($200 million). Long a destination for Hollywood, China and India productions, and currently playing host to the lensing of Season 3 of “The White Lotus,” Thailand has many of the elements that could contribute to building a major film industry. These include diverse locations, skilled crews, studio facilities and a location production, or incentive, scheme.