China Box Office: ‘The First Slam Dunk’ Scores $55 Million in Four-Day Opening Period

Patrick Frater Asia Bureau Chief “Guardians of the Galaxy Vol. 3” gave the South Korean box office its biggest weekend of the year, with a $10.3 million start. The film played on more than 1,800 screens and enjoyed a 46% share of the overall market between Friday and Sunday, according to data supplied by Kobis, the tracking service operated by the Korean Film Council. After a year of struggle for the theatrical business in Korea, the opening by “Guardians” was twice that of “The Super Mario Bros Movie” and nearly four times bigger than the next biggest individual title debut of 2023 (“The First Slam Dunk” in the first week of January scored $2.61 million). Over its opening five days, “Guardians” managed $13.2 million, making it the seventh highest grossing film of the year at the end of its first weekend.

2023 A100 honorees, the 100 most impactful AAPI individuals and groups across industries over the past year.In addition to Quan and Vellani, honorees in the entertainment category this year include rapper Saweetie, comedian Joel Kim Booster, Oscar nominee Hong Chao, K-pop group New Jeans and the casts of the upcoming “American Born Chinese” and “Joy Ride,” among others.Despite the massive success of “Everything Everywhere All At Once” at the 95th Academy Awards in March, visibility and awareness of Asian American Pacific Islanders remains low.According to an annual study released this week by the STAATUS-Index, 26% of respondents could not name a single famous or prominent Asian American. Among those named, the two most popular for three years in a row were Jackie Chan (who is not American) and Bruce Lee (who died 50 years ago).

The First Slam Dunk,” an anime sports film that took the Japanese and Korean box office by storm this past winter, the indie animation distributor announced Monday. The film follows Ryota Miyagi, a small but agile point guard for Shohoku High School’s basketball team struggling to live up to the legacy of his older brother, Sota.

Gkids has snapped up North American rights to Toei Animation’s film The First Slam Dunk, an adaptation of the hugely popular Takehiko Inoue manga, which Inoue wrote and directed for the screen. The film which has already proven a smash hit in other territories, grossing over $212M globally, will hit theaters in the U.S. and Canada in both its original Japanese language and an all-new English-language dub later this summer.

Patrick Frater Asia Bureau Chief The Argentina-Chile coproduction “The Punishment,” directed by Matias Bize, was named best feature over the weekend at the close of the Beijing International Film Festival. Mexico’s Lila Avilés won the Tiantan Award for best director for her film “Totem.” Antonia Zegers and Line Renaud shared the best actress award for “The Punishment” and “Driving Madeleine,” respectively. The best actor award went to Xin Baiqing for Chinese movie “The Shadowless Tower.” The film, which premiered in February in Berlin, was the numerical winner. With the best screenplay, music, cinematography and artistic contribution awards, it won a total of five prizes.

Patrick Frater Asia Bureau Chief “Born to Fly,” an action movie about the prowess of the Chinese air force and the bravery of its aviators, topped the China box office chart over a weekend that led into the nearly week-long May Day holiday. Data from consultancy Artisan Gateway shows the film earned $44 million (RMB279 million) between Friday and Sunday. The weekend as a whole brought in $121 million of turnstile revenue, the fourth highest weekend of the year and weaker only than the three “revenge spending” weekends that drove the Chinese New Year period in January and early February.

Patrick Frater Asia Bureau Chief “The Super Mario Bros Movie” and a local sports movie “Dream” gave the South Korean box office some bounce on their first weekend on release. Opening in Korea on Wednesday, some three weeks after the beginning of its international and North American campaigns, “Super Mario” earned $4.67 million between Friday and Sunday, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). The film has a cumulative of $5.76 million over its opening five days, plus previews. The film’s weekend numbers are the second highest opening tally recorded by any film this year in Korea. And its weekend score represented a comfortable 40% market share.

Patrick Frater Asia Bureau Chief Director Stanley Tong (“Rumble in the Bronx”) is to team up with Jackie Chan for the tenth time on “The Legend.” State media in China report that Chan, who recently reached the top spot in the mainland Chinese box office with aged stuntman comedy “Ride On,” will play an archaeologist on a quest through time and space. With production by Bona Film Group, “The Legend” is pitched as being in the same vein as Tong and Chan’s 2005 effort “The Myth,” which was a fantasy love story. Tong and Chan have worked together on other titles including “Police Story 3,” “Supercop” and “Vanguard.” India’s Jio Studios is backing “Khashaba,” a Marathi-language film on the life of India’s first Olympic medalist Khasaba Dadasaheb. After delivering the sleeper hit Sairat and Fandry, the new film will be directed by Nagraj Manjule. The title is considered as part of Jio Studio’s ambition to deliver more than 100 stories this year. With production to begin shortly, the film will be mounted on a large scale. “Along with entertaining the audience, this film will also introduce the audience to a brave and exceptional athlete who made India proud all over the world,” said Manjule. “Khashaba” will be presented by JioStudios and produced by Aatpat Production, Jyoti Deshpande and Manjule.

Patrick Frater Asia Bureau Chief The South Korean cinema box office fell to its lowest level of the year over the latest weekend. Nationwide theatrical earnings in a territory which before COVID was the world’s fourth largest were barely over $6 million. “John Wick: Chapter 4” lead the weekend chart from Japanese anime “Suzume” and Korean sports drama “Rebound” in a top three repeat from a week earlier. “John Wick 4” earned $2.51 million in its second weekend of release, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). That was a 38% week-on-week decline and represented a 41% share of the total Korean box office market. It also gave the film a cumulative total of $9.73 million since release on April 12.

Patrick Frater Asia Bureau Chief Global cinema box office recovered strongly in the first three months of the year, driven by the performance of “The Super Mario Bros. Movie” in many territories and a bumper Chinese New Year season in mainland China. The upbeat news was delivered on the eve of CinemaCon Las Vegas by specialist research firm Gower Street Analytics, which has now increased its forecast of the cinema industry’s full year. The firm now projects that 2023 gross revenues will reach $32 billion, a 10% increase on its earlier estimate of $29 billion. “A $32 billion global box office in 2023 would represent an approximate +23% improvement on 2022. It remains 20% behind an average of the last three pre-pandemic years (2017-2019), but it shows how post-pandemic recovery of our business continues to improve,” said Gower Street.

Patrick Frater Asia Bureau Chief Rights to ‘Man in Black,” one of two documentary films by China’s Wang Bing to appear in Official Selection at Cannes this year, have been picked up by specialty sales agency Asian Shadows. The 60-minute film, which will debut as a special screening, is a portrait of 86-year-old Wang Xilin, one of China’s most important modern classical composers and is now lives in exile in Germany. It was made in close collaboration with French cinematographer Caroline Champetier, whose credits include Leos Carax’s “Holy Motors,” Amos Gitai’s “Promised Land” and Andre Techine’s “Alice and Martin.” During the 1960s, when China’s Cultural Revolution forced intellectuals into the fields and stripped the middle classes of their wealth, Wang Xilin was the was the target of severe persecution, including beatings, imprisonment and torture. The film examines the body and soul of a man scarred by a life of suffering, who is yet still capable of deep and sincere compassion.

Patrick Frater Asia Bureau Chief Trinity CineAsia has acquired rights to Chinese tentpole action movie “Born to Fly,” and will release the film in cinemas in the U.K. and Ireland.

Patrick Frater Asia Bureau Chief Japanese animated film “The First Slam Dunk” has taken a strong early lead at the mainland China box office, picking up $13.8 million on its Thursday opening day. Films mostly release in China on Fridays, but the Japanese hit was given previews on Wednesday and a full court release on Thursday, starting with widespread midnight screenings. Data from local firm Ent Group reveals that the film earned $3.16 million from some 14,000 preview screenings on Wednesday, followed by $13.8 million on Thursday from 184,000 screening sessions. That gives it a $17 million cumulative and positions it at the top of the box office chart even before the conventional Friday to Sunday weekend begins.

Patrick Frater Asia Bureau Chief Television Broadcasts, Hong Kong’s leading free-to-air broadcaster, has said that it is considering legal action against a group of shareholder activists. The shareholder group, seemingly led by Chow Ngai Keung and publishing its critiques on Facebook, has made a series of complaints about TVB. These include the allegation that TVB is operating a streaming app Maiduidui in Mainland China without the proper authorization and that TVB has misled shareholders over the official name of the company that ultimately holds executive control. The minority shareholders have also criticized TVB for investments in Mainland Chinese firm SMI and State Reserve Energy Bonds, which have cost the company HK$1 billion ($128 million) of losses, and for its 2021 acquisition of e-commerce platform Ztore.

Patrick Frater Asia Bureau Chief Jackie Chan-starring nostalgic stuntman comedy film “Ride On” trotted to a second weekend atop the mainland Chinese box office. “The Super Mario” Bros. Movie” remained in fourth place. “Ride On” earned $6.0 million (RMB41.5 million) between Friday and Sunday, a 48% week-on week drop, according to data from consultancy Artisan Gateway. That took it to a $22.6 million total since release on April 7. Below it, Japanese animation “Suzume” and Chinese shaggy dog story “Hachiko” swapped places. “Hachiko,” on its third weekend outing, earned $4.9 million, for a cumulative of $35.1 million. “Suzume” earned $4.5 million in its fourth weekend on release in China, giving it a $109 million cumulative.

Patrick Frater Asia Bureau Chief “John Wick: Chapter 4” easily outgunned Japanese animation film Suzume to claim top spot at the South Korean box office over the latest weekend. The American action title earned $4.05 million between Friday and Sunday, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). That represented a nearly 50% market share, continuing a polarization or clustering around a single title that has become familiar of late in Korea, a market that formerly had greater diversity and width. Over the five days since its Wednesday opening, “John Wick 4” earned $5.87 million.

Patrick Frater Asia Bureau Chief Japanese electronics giant, Sony has opened a virtual production studio in Shanghai, China, that it says can be used for shooting film, TV and commercials. The studio opened last month and is jointly operated with Gwantsi, one of China’s largest commercials production companies. Virtual production involves the use of high-resolution screens that create a backdrop in front of which actors perform. This can reduce the need for location travel, cut set-up times, shorten post-production and provide a more life-like environment for performers than traditional green-screen environments. VP studios are also well adapted to motion capture production.

Patrick Frater Asia Bureau Chief Michelle Yeoh, who made history by winning the best actress Oscar for her performance in “Everything Everywhere All at Once” last month, made an emotional return trip to her native Malaysia last week. She visited her mother in time for the traditional Qingming Festival, or Tomb Sweeping Day, and stopped by the grave of her father who died in 2014. In an Instagram post on Wednesday she said, “Brought Mr. O home. Without my parents’ love and trust and support, I wouldn’t be here today.”A post shared by Michelle Yeoh 楊紫瓊 (@michelleyeoh_official) Her trip home represented a promise that Yeoh made during her Oscars acceptance speech.

Patrick Frater Asia Bureau Chief Competition reality TV format “Lego Masters” has been picked up by Tokyo Broadcasting System for adaptation in Japan. The deal is the 19th for the Banijay Rights-represented format and the third in Asia. Production is currently underway for the show, which will see pairs compete against each other to wow judges with inspiring designs and brick builds. “I am looking forward to working with Banijay Rights and not only learn about the production of the show, but also to closely examine the essence of creation behind it,” said Aso Kunihiro, producer, contents solution department at TBS in a prepared statement.

Patrick Frater Asia Bureau Chief Wanda, the Chinese conglomerate that once threatened to take over Hollywood, has put up for sale the Hoyts cinema chain in Australia that it bought in 2015. Hoyts is Australia’s second largest movie theater operator with 46 multiplexes housing 412 screens, according to 2022 data from Screen Australia. It also owns Val Morgan, Australia’s biggest cinema advertising firm.Wanda Cinema Line, itself China’s biggest theater operator, has appointed Credit Suisse and Nomura to handle the sale. Bidders are understood to have access to a “stapled debt” package (a line of agreed financing arranged by the banks) if the potential buyer cannot arrange sufficient finance of their own. A first deadline for bids is set at the beginning of May, with final offers to be submitted by the end of June.