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TikTok Owner Bytedance Poised to Close ‘Marvel Snap’ Game Publisher Nuverse - variety.com - China - city Shanghai
variety.com
28.11.2023 / 06:19

TikTok Owner Bytedance Poised to Close ‘Marvel Snap’ Game Publisher Nuverse

Patrick Frater Asia Bureau Chief Bytedance, the unlisted Chinese tech giant that owns TikTok, is poised to slash part of its games operations, including Nuverse, which publishes ‘Marvel Snap,’ according to financial news sources. News was reported by Bloomberg, Reuters and other tech news providers The Information and The Verge on Monday that Bytedance will retreat from its mainstream video games operation with the loss of some 1,000 jobs. “We regularly review our businesses and make adjustments to centre on long-term strategic growth areas,” a ByteDance representative said in a statement sent to some media. “Following a recent review, we’ve made the difficult decision to restructure our gaming business.” Variety has also reached out to Bytedance for comment. Nuverse, the unit for most of Bytedance’s games, is understood to have told employees that it will halt nearly all games that have not yet launched.

Chinese Streamer iQiyi Sets Theatrical Deals in Southeast Asia - variety.com - China - Malaysia - Singapore - city Singapore
variety.com
27.11.2023 / 10:21

Chinese Streamer iQiyi Sets Theatrical Deals in Southeast Asia

Patrick Frater Asia Bureau Chief Chinese films “Trending Topic” and “The Invisible Guest” will be given theatrical releases in Malaysia and Singapore in the coming month. This step follows agreements between Chinese streamer iQiyi and Malaysian cinema chain GSC and Singaporean distributor Clover Films.

China Box Office: Annual Total Passes $7 Billion as ‘Across the Furious Sea’ Sails Off With Weekend Win, Disney’s ‘Wish’ Opens Fifth - variety.com - China - Japan
variety.com
27.11.2023 / 06:13

China Box Office: Annual Total Passes $7 Billion as ‘Across the Furious Sea’ Sails Off With Weekend Win, Disney’s ‘Wish’ Opens Fifth

Patrick Frater Asia Bureau Chief China’s nationwide annual box office passed the symbolic $7 billion and RMB 50 billion marks in recent days, confirming a decent, but still incomplete recovery of the theatrical cinema industry. According to consultancy Artisan Gateway, the running box office total to Nov. 26 was $7.15 billion.

‘Hunger Games: The Ballad of Songbirds and Snakes’ stays on top of box office for Black Friday - nypost.com
nypost.com
26.11.2023 / 01:33

‘Hunger Games: The Ballad of Songbirds and Snakes’ stays on top of box office for Black Friday

“The Hunger Games: The Ballad of Songbirds and Snakes” stayed at No. 1 at the box office on Black Friday, retaining the top spot in its second week on the screens.

‘Stonewalling’ and ‘Old Fox’ Take Honors at Taiwan’s Golden Horse Film Awards - variety.com - China - Taiwan - city Taipei
variety.com
25.11.2023 / 17:11

‘Stonewalling’ and ‘Old Fox’ Take Honors at Taiwan’s Golden Horse Film Awards

Patrick Frater Asia Bureau Chief The husband and wife team of Otsuka Ryuji and Huang Ji, who worked with a minimalist crew and mostly non-professional actors, gave a round of thanks to Asian leading auteurs for inspiring them, and then hugged each other on stage for winning the Taipei Golden Horse Film Awards best narrative feature prize with their pregnancy drama “Stonewalling.” The numerical winner on Saturday night was “Old Fox,” which earned the best director award for Hsiao Ya-chuan, as well as the best supporting actor, makeup and costume, and best film score prizes. The nominations, announced in October, saw “Snow in Midsummer” collect nine nominations and Taiwan‘s Oscar contender “Marry My Dead Body” head the field with eight.

Taiwan Drifts Towards Cultural Power as Golden Horse Film Awards Cap Month of Industry Activity - variety.com - China - South Korea - Hong Kong - Taiwan - city Taipei - city Hong Kong
variety.com
25.11.2023 / 10:19

Taiwan Drifts Towards Cultural Power as Golden Horse Film Awards Cap Month of Industry Activity

Patrick Frater Asia Bureau Chief The Taipei Golden Horse Film Festival drifted to a conclusion in midweek, with project awards presented on Wednesday, followed by Thursday’s festival closing events. These involved a screening of portmanteau film “Tales of Taipei” followed by a sit-down dinner-cum-ceremony with a breezy pair of speeches and no prizes. The film fortnight then sprang to life again on Saturday evening when the 60th edition of the Golden Horse Film Awards represented a new climax.

Marco Mueller Launching Asia-Europe Young Cinema Festival and Film Market in Macau (EXCLUSIVE) - variety.com - China - Portugal - Hong Kong - city Shanghai - Taiwan - city Hong Kong - Macau - Beyond
variety.com
23.11.2023 / 13:55

Marco Mueller Launching Asia-Europe Young Cinema Festival and Film Market in Macau (EXCLUSIVE)

Patrick Frater Asia Bureau Chief Marco Mueller, the veteran film festival curator and director, is set to launch a new festival and market in Macau. It will have its first edition in January. The Asia-Europe Young Cinema Festival, running Jan.

Darren Dale Makes History as Chair of Sydney Film Festival – Global Bulletin - variety.com - Australia - Britain - China - Thailand - Hong Kong
variety.com
23.11.2023 / 13:55

Darren Dale Makes History as Chair of Sydney Film Festival – Global Bulletin

Patrick Frater Asia Bureau Chief Producer and screenwriter, Darren Dale has been named as the new board chair of the Sydney Film Festival, following the retirement of Dianne Weir. He is a leading advocate for Aboriginal and Torres Strait Islander content and has been director of Blackfella Films since 2000.

DouYu CEO Chen Shaojie Arrested, Chinese Live Streaming Company Confirms - variety.com - China
variety.com
22.11.2023 / 10:36

DouYu CEO Chen Shaojie Arrested, Chinese Live Streaming Company Confirms

Patrick Frater Asia Bureau Chief Chen Shaojie, the chairman and CEO of leading Chinese gaming live-streaming platform Douyu, has been arrested. The NASDAQ-listed company confirmed the previously-reported news in a regulatory filing late on Tuesday. DouYu said that it was informed that Chen was arrested by police in Chengdu “on or about Nov. 16.” Reputable Chinese and international media previously reported that he had been missing for at least three weeks and had been away from public view since August. In China, suspects in criminal cases are often detained for weeks or months prior to their formal arrest.

Chinese Streamer iQiyi Confirms Swing to Profits With $65 Million Third Quarter - variety.com - China - Singapore
variety.com
21.11.2023 / 11:40

Chinese Streamer iQiyi Confirms Swing to Profits With $65 Million Third Quarter

Patrick Frater Asia Bureau Chief iQiyi, the NASDAQ-listed Chinese streaming firm, confirmed its recent swing from loss to profitability with a July-September quarter that saw revenue and profits growth even as subscription numbers dipped fractionally. Net income attributable to iQIYI was RMB476 million ($65.2 million), compared to a net loss of RMB396 million in the same period in 2022, the company said in a filing on Tuesday. Using the company’s preferred non-GAAP statement of its accounts, net income was RMB622 million ($85.3 million), compared to non-GAAP net profits of RMB187 million in the same period last year. Total revenues in the period were RMB8.0 billion ($1.1 billion), a 7% year over year increase. Within that figure, subscription revenue was RMB5.0 billion ($687 million), up 19% year over year.

‘The Hunger Games: The Ballad Of Songbirds & Snakes’ Devours $99M Global Opening; ‘Trolls Band Together’ Tops $100M WW – International Box Office - deadline.com - Britain - France - China - Mexico - Germany
deadline.com
19.11.2023 / 18:07

‘The Hunger Games: The Ballad Of Songbirds & Snakes’ Devours $99M Global Opening; ‘Trolls Band Together’ Tops $100M WW – International Box Office

Refresh for latest…: Lionsgate’s The Hunger Games: The Ballad of Songbirds & Snakes very (very) narrowly missed the $100M mark globally in its opening weekend, but it’s as near as dammit with an estimated $98.5M through Sunday worldwide. The Francis Lawrence-directed prequel came in slightly higher than pre-frame projections overseas with $54.5M from 87 international box office markets. The drag on getting to the century milestone was domestic at $44M versus hopes for $50M+. 

‘Hunger Games: The Ballad of Songbirds and Snakes’: How Lucy Gray’s Rainbow Dress Connects to Katniss - variety.com - county Gray
variety.com
18.11.2023 / 18:05

‘Hunger Games: The Ballad of Songbirds and Snakes’: How Lucy Gray’s Rainbow Dress Connects to Katniss

Jazz Tangcay Artisans Editor “You may know me from other stuff, but I don’t use a lot of colors, except when necessary,” says renowned costume designer Trish Summerville. So, when it came to designing the main outfit worn by Rachel Zegler’s Lucy Gray in “The Hunger Games: The Ballad of Songbirds and Snakes,” Summerville, whose credits include “The Girl With the Dragon Tattoo,” “Mank” and “Gone Girl,” had to wrap her head around “a rainbow dress with ruffles and things she keeps in her pockets.” The rainbow dress was one of the first outfits Summerville tackled.

Chinese Film Director Barred From Attending Singapore World Premiere of Documentary - variety.com - China - Singapore - city Singapore
variety.com
17.11.2023 / 12:47

Chinese Film Director Barred From Attending Singapore World Premiere of Documentary

Patrick Frater Asia Bureau Chief Chinese authorities have banned artist and film director Guo Zhenming from traveling to Singapore for the world premiere of his documentary film “Tedious Days and Nights.” The film is scheduled to play at the Singapore International Film Festival on Dec. 4 in the festival’s Standpoint strand. It was advertised as including a Q&A session with the director.

Ridley Scott’s ‘Napoleon’ Sets China Theatrical Release - variety.com - France - China
variety.com
17.11.2023 / 06:17

Ridley Scott’s ‘Napoleon’ Sets China Theatrical Release

Patrick Frater Asia Bureau Chief The Ridley Scott-directed historical epic “Napoleon” is set to get a release in mainland Chinese theaters next month. The Apple Original Films and Sony Pictures’ title has received approval for import into China and release in a Dec. 1 slot, Sony said on Thursday. Per a Sony synopsis, the film “details the checkered rise and fall of the iconic French Emperor Napoleon Bonaparte, played by Oscar-winner Joaquin Phoenix.

‘The Hunger Games: The Ballad of Songbirds and Snakes’ review: Needs a better ending - nypost.com - state West Virginia
nypost.com
16.11.2023 / 23:29

‘The Hunger Games: The Ballad of Songbirds and Snakes’ review: Needs a better ending

Cruella,” “Joker” and “Star Wars: Episode I — The Phantom Menace,” only strewn with young-adult corpses, silly clothes and Roman names.The trouble is that by the end of the over two-and-a-half-hour movie, directed by Francis Lawrence, viewers still can’t quite put their fingers on why Coryo (Tom Blyth) picks the nasty path he ultimately does. Is it a basic lust for power? A lightbulb realization that survival is more important than morality? Who knows? A lot is shoved into a long and anticlimactic third act, but we’re left hungry for a meatier conclusion.“Songbirds and Snakes” is set during the 10th annual Hunger Games — a televised battle to the death that pits 24 low-class kids against each other in an arena — 64 years before the events of the first film.

Strong Summer Box Office Helps Alibaba’s Film and Music Businesses Cut Losses in Quarter - variety.com - China
variety.com
16.11.2023 / 14:01

Strong Summer Box Office Helps Alibaba’s Film and Music Businesses Cut Losses in Quarter

Patrick Frater Asia Bureau Chief Alibaba, China’s e-commerce and entertainment giant, revealed a 9% revenue improvement and a return to profits in the three months to the end of September, the second quarter of its financial year. The group, which is in the process of breaking itself up into six separate businesses, had revenue of RMB225 billion ($30.8 billion). Net income of RMB26.7 billion ($3.66 billion) compared with a net loss of RMB22.5 billion in the same period last year.

‘The Hunger Games: The Ballad of Songbirds and Snakes’ Star Tom Blyth Unpacks His Gritty Take on Snow - variety.com - Berlin
variety.com
15.11.2023 / 19:57

‘The Hunger Games: The Ballad of Songbirds and Snakes’ Star Tom Blyth Unpacks His Gritty Take on Snow

Katcy Stephan Tom Blyth is tired, but he’s doing a good job of hiding it. When the star of “The Hunger Games: The Ballad of Songbirds and Snakes” sits down with Variety via Zoom, SAG-AFTRA is still on strike, and it’s been six short days since the Lionsgate thriller received an in- terim agreement from the guild. That means the press tour leading up to the long-anticipated release, typically spread across several months, has been condensed to just two weeks.

Games Recovery Helps Revenues at China’s Tencent in Uneven Third Quarter - variety.com - China
variety.com
15.11.2023 / 12:12

Games Recovery Helps Revenues at China’s Tencent in Uneven Third Quarter

Patrick Frater Asia Bureau Chief Modest increases in its Chinese and international games sectors helped Chinese tech giant Tencent achieve respectable results for the three months from July to September, the third quarter of its financial year. Group revenues weighed in at RMB154 billion ($21.5 billion), an increase of 10% year on year and 4% quarter on quarter. Some analysts interpreted that as below their forecasts, but others saw it as beating China’s currently sluggish economy. Profit for the period was RMB36.8 billion ($5.14 billion), which was down 5% year on year, but a 38% improvement on the group’s second quarter. Moreover, Tencent claims that a non-IFRS treatment of its accounts better reflects core earnings.

‘Deep Sea,’ Cutting-Edge Chinese Animation, Sets North American Theatrical Release - variety.com - France - China - USA - Italy - Thailand - Germany - Netherlands - Indonesia - Vietnam - Berlin - Turkey - Uae
variety.com
15.11.2023 / 05:55

‘Deep Sea,’ Cutting-Edge Chinese Animation, Sets North American Theatrical Release

Patrick Frater Asia Bureau Chief “Deep Sea,” an innovative Chinese-made animation film that has played the international festival circuit throughout this year, will release in North American theaters later this month. Theatrical rights were acquired by Viva Films from Netherlands-China sales outfit Fortissimo Films. Viva plans an outing on Nov.

Growing Streaming Subscriptions Lift Tencent Music Entertainment Profits in Third Quarter - variety.com - China
variety.com
14.11.2023 / 11:34

Growing Streaming Subscriptions Lift Tencent Music Entertainment Profits in Third Quarter

Patrick Frater Asia Bureau Chief Growing streaming subscriptions lifted the bottom line at Tencent Music Entertainment, in the third quarter of its financial year, despite a top line decrease in revenues. Net profits hit $173 million (RMB1.26 billion), representing a 16% year-over-year increase. Tencent Music, which is a major stakeholder in both Spotify and Universal Music Group, reported figures on Tuesday, for the three months from July to end September 2023.

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