China Box Office: ‘Transformers: Rise of the Beasts’ Scores $40 Million Opening Weekend

Patrick Frater Asia Bureau Chief Zhang Yimou, China’s most enduring filmmaker, is joining the worldwide shift by feature film directors into the streaming arena. Zhang, who directed “Full River Red,” the most successful film of 2023 in China, is to be involved with his first TV series. He will executive produce “The First Shot,” his representatives confirmed to Variety. The show is to be directed by Xing Lu and is backed by Tencent Video. It is currently in development, with a tentative air date in 2025. That’s because Zhang has a film directing project with an anticipated Chinese New Year release date, due to begin shooting this summer.

Patrick Frater Asia Bureau Chief Chinese mystery drama “Lost in the Stars” was the top-grossing film on the planet over the latest weekend – despite playing only a single territory. The film earned $70.7 million (RMB502 million) between Friday and Sunday in mainland China, according to data from consultancy Artisan Gateway. That put it far and away ahead of other Chinese new releases and Hollywood’s holdovers “Transformers: Rise of the Beasts” and “The Flash.” With the Dragon Boat Festival holiday occurring on Thursday, the film was given an unusual one-day advance on the normal releasing pattern in China. Including Thursday takings, the film made a total of $98.3 million (RMB968 million).

J. Kim Murphy “No Hard Feelings” came out on top of the domestic box office on its opening day, bedding $6.25 million in Friday and Thursday preview screenings from 3,208 venues. Meanwhile, the top spot for the weekend is a battle between animated adventures; both “Elemental” and “Spider-Man: Across the Spider-Verse” are staying above “The Flash,” which looks to be collapsing in its second outing. Heading into the weekend, “No Hard Feelings” was projected to launch with a mild $12 million. The raunchy R-rated Jennifer Lawrence vehicle is already outrunning those estimates, now forecasting a debut of $15 million or so. “No Hard Feelings” may lose pace to holdovers as the weekend unfolds, but box-office-king-for-a-day is certainly a higher honor than most studio comedies have achieved of late. The once-prolific genre has fallen far from theatrical relevance in recent years, with the past few months containing an expansive slate of box office disappointments and failures, from “The Machine” to “Easter Sunday” to “Bros.”

Patrick Frater Asia Bureau Chief Shanghai was the venue for the launch of Chinese streaming firm iQiyi’s latest venture into Virtual Reality. Its ‘Luoyang VR Project’ is a studio-based experience in which users are invited to experience up to 12 different entertainment zones in the ancient city of Luoyang in Henan province. Requiring headsets and using a physical space of some 300 square metres, the set-up stimulates the physical experience of high winds, waterfalls and explosions. IQiyi described the project as “the first attempt in the VR industry to integrate different elements from immersive theatre, VR, and original IP,” and said that it leverages “inside-out tracking” technology and other industry-leading, sensory-simulation techniques to build in cars, boats, carriages, and other props. “The upshot is a highly realistic environment that fully immerses the audience in the story,” the company said.

Patrick Frater Asia Bureau Chief The 28th edition of the Shanghai TV Festival wrapped up on Friday with its Magnolia Awards presented to a range of TV drama series, documentaries and animation programs. The drama awards were dominated by two shows “A Lifelong Journey” and “Bright Future.” “A Lifelong Journey,” adapted from a novel of the same name by Liang Xiaosheng, tells the story of three generations of one family in China’s Northeast as time moves from the late Cultural Revolution period through to the country’s reform and opening up. With a starry cast and broadcasters including CCTV-1 and Jiangsu Satellite TV, the show is reported to have attracted 310 million viewers at the beginning of 2022. In mainland China, it ran for 58 episodes, while in Hong Kong it played in 35 parts.

Patrick Frater Asia Bureau Chief The technical aspects of China’s embrace of smart broadcasting were given a thorough workout this week as part of the ongoing Shanghai Television Festival. Topics covered by keynote speakers included: future broadcasting planning; AI content generation’ big data construction; and the development of ultra-high definition broadcasting. Sun Suchuan, deputy Director-General of the Science and Technology Department of the National Radio & Television Authority explained that the national government has iterated a strategic development plan for the TV sector running until 2035 as well as medium- and long-term technological strategies.

Patrick Frater Asia Bureau Chief The members of the international juries that will decide the Magnolia prizes at the ongoing Shanghai Television Festival were Thursday made to do double duty as speakers in public masterclasses that were open to a generation of aspiring documentary and animation makers. David Stephan, jury president in the animation category, along with fellow judges Spencer Ooi and Jia Fou, spoke at length about getting their starts in the business and finding inspiration. “When I studied animation, I didn’t have a textbook available. I saw extremely limited things, so I did further research to make myself understand what I was doing in such a career,” said Jia.

Patrick Frater Asia Bureau Chief Hong Kong action film “The White Storm: Heaven or Hell” will have its North American premiere at the New York Asian Film Festival, where it is a late addition to the line-up. The festival runs July 14–30, 2023 at Film at Lincoln Center (FLC). Directed by Herman Yau, the film sees Louis Koo, Aaron Kwok and Sean Lau (aka Lau Ching-wan) appear together for the first time. It is set in the ‘Golden Triangle’ region famous for drugs production and trafficking. Kwok plays an undercover cop who infiltrates a drug cartel led by a notorious Thai drug lord (Lau). In classic heroic bloodshed fashion, the two develop a bond of brotherhood. The cop’s only hope of escaping the treacherous jungle region and his ambiguous morality is to somehow contact the superintendent of the Hong Kong Narcotics Bureau, who has solemnly sworn to demolish the cartel once and for all.

Patrick Frater Asia Bureau Chief C CGV, a company that is one of the world’s top ten cinema exhibitors and is also a major cinema technology developer, is to raise close to $800 million in order to shore up its finances after a devastating COVID era. The company operates the largest cinema chain in its native South Korea and has significant numbers of screens in Vietnam, Indonesia, Turkey and mainland China, with smaller operations in Myanmar and the U.S. It also owns CJ 4DPlex, which developed the technology for films to be augmented with practical effects, including motion-seats, wind, strobe-lights, simulated-snow, and scents. In addition, its ScreenX system provides screenings that use the side walls of an auditorium to create a 270-degree sensory experience.

Patrick Frater Asia Bureau Chief Alibaba, the Chinese e-commerce, technology and entertainment giant, said Tuesday that Joseph C. Tsai will succeed Daniel Zhang as chairman of the group. Eddie Wu (aka Wu Yongming) will take over Zhang’s role as group CEO. Both men are veterans of the group. Tsai, owner of the Brooklyn Nets basketball franchise, is currently Alibaba’s executive vice chairman. Wu is one of Alibaba’s founders and was its original chief technology officer in 1999. He has since held the CTO role at key businesses units including Taobao and Alipay and is currently chairman of Taobao and Tmall Group. Zhang, who took over as group chairman from the iconic Jack Ma, is in the process of orchestrating the biggest restructuring in Alibaba’s 24-year history. Alibaba, which has share listings in New York and Hong Kong, is to transform itself into a holding company with stakes in six separate business units that are free to raise their own capital or even go down the IPO route.

Patrick Frater Asia Bureau Chief Asia Satellite Telecommunications (AsiaSat), a leading operator of satellites, has moved into content distribution with the acquisition of Hong Kong- and U.K.-based TV distributor Lightning International. The diversification was described by AsiaSat as “a strategic move to expand the company’s services and extend its clients’ reach to global audiences through traditional and new distribution platforms including OTT and FAST.” AsiaSat is known to be acquiring 100% of Lightning International, but other deal terms were not disclosed.

Patrick Frater Asia Bureau Chief Warner Bros.’s “The Flash” and Disney/Pixar’s “Elemental” made theatrical debuts in China that were in line with their soft starts in North America and other international territories. “The Flash” captured the top spot in China with a $13.4 million (RMB94.8 million) opening weekend ($13.8 million including previews), according to data from consultancy Artisan Gateway. It deposed “Transformers: Rise of the Beasts” which opened a week earlier and which slipped to second place in its sophomore frame. “Transformers” took a 69% fall and recorded $12.4 million between Friday and Sunday in China. That produces a $61.7 million cumulative after ten days in Chinese theaters.

Patrick Frater Asia Bureau Chief “Barbarian Invasion” director Tan Chi Mui from Malaysia scored a top result from the SIFF Project Market. The market is a component event of the Shanghai International Film Festival, which wrapped up over the weekend. Tan’s “All About Yuyu” was named as the “recommended project for creativity” at the project market’s closing event. The project, which is already being structured as a Malaysia-China coproduction, is a story that combines contemporary wuxia (heroic martial arts) with youth elements. “I want to make a modern wuxia film to recapture the magical feeling I had when watching films during my childhood,” she told local media.

Patrick Frater Asia Bureau Chief After a golden age in the 1980s, Chinese filmmakers were quietly discouraged from dabbling in the sci-fi genre – it isn’t real science and authorities did not want youngsters to get confused. That stance changed during the last decade and the Shanghai International Film Festival has just hosted its first sci-fi week, comprising nearly a dozen film screenings and a trio of panel discussions featuring the new luminaries in the sector. Reasons for the revised position of China’s authorities are not hard to understand. Not only was Hollywood getting away with dominating a genre that was popular with Chinese audiences, China in the 21st century has become a global technology powerhouse. Its space program, in particular, is now among the most advanced, capable of a normalized rocket launch schedule, international co-operation and lunar and interplanetary missions.

Patrick Frater Asia Bureau Chief Japanese drama feature “Yoko” won the Golden Goblet best picture award at the Shanghai International Film Festival. The jury Grand Prix was awarded to Spain’s “Muyeres” with China’s Liu Jin winning the best director prize.The trio also collected additional prizes making them the only multiple winners in a ceremony that sprinkled its awards widely. “Yoko,” directed by Kumakiri Kazuyoshi, who earlier this year saw melodramatic “#Manhole” play in Berlin, takes the structure of a road-movie and is a journey of self-discovery of a woman who had been socially isolated in her apartment for many years. Portrayed by global star Rinko Kikuchi (”Babel,” “47 Ronin”), the woman is forced to confront the real world, and herself, when she takes a 658 kilometre cross-country journey to her father’s funeral. Without a cell phone or the money for public transport, she finds herself having to hitch hike. Kikuchi also earned the best actress award.

Patrick Frater Asia Bureau Chief Eastern Grace Film, a new production company that teased its debut production “The Sand Murmurs” earlier this month, has gone one step further. It used the Shanghai International Film Festival to unveil a slate of nine new film productions. The company is an indirect subsidiary of Baination Pictures, a Beijing-based film and TV group that is listed on the Shenzhen stock exchange. Eastern Grace is headed by president Wilson Jiang, a veteran film distributor in China.

Patrick Frater Asia Bureau Chief “Sunday,” by Uzbekistan-based director Shokir Kholikov, was Thursday named best film in the Asian New Talent section of the 25th Shanghai International Film Festival. The Asian New Talent Awards are called Golden Goblet Awards, but are separate from the festival’s official competition section, and favor new and emerging talent. The main competition jury will hand out its Golden Goblets on Sunday. The best director prize in the Asian New Talent section was shared by two helmers: China’s Luo Dong won for “May.” So too did Kazakhstan’s Aisultan Seit for “Qash.” Luo previously attended the Shanghai festival’s project market ten years ago and has since completed one other film.

Patrick Frater Asia Bureau Chief Disney is to close its six remaining linear TV channels in Southeast Asia, Hong Kong, Taiwan and Korea as the conglomerate puts a greater emphasis on direct-to-consumer streaming. The channels concerned are National Geographic, National Geographic Wild, Star Chinese Movies, Star Chinese Channel, Star Movies and Star World. Linear services will end from September in Southeast Asia, Hong Kong and Korea, and by December in Taiwan. The group expects to retain a streamlined television portfolio with channels in Japan, China, Australia and New Zealand for the time being.

Patrick Frater Asia Bureau Chief Hungarian director and screenwriter Ildikó Enyedi brought some art-house royalty to the Shanghai International Film Festival this week with a masterclass that focused on her process and the struggle to maintain a unique voice. At one point in her on-stage discussion with Chinese director Zheng Dasheng, she called filmmaking “essentially a sole desperate cry, hoping to be heard by others.” Enyedi’s voice has certainly registered and been heard at Europe’s major film festivals. She won the Camera d’Or in Cannes in 1989 for best debut feature “My 20th Century,” saw her 1994 film “Magic Hunter” play in competition in Venice and she won the top prize Golden Bear in Berlin in 2017 with “On Body and Soul.”

J. Kim Murphy The summer season has its first genuine battle for top of the heap, as “Transformers: Rise of the Beasts” looks to fend off last week’s top release “Spider-Man: Across the Spider-Verse.” “Rise of the Beasts” put its foot on the gas with $25 million on its opening day, a figure that includes $8.8 million in Thursday previews. The film is projected to land near a $60 million opening through the three-day frame, which would land at the higher end of estimates heading into the weekend. Once a box office juggernaut, Paramount has attempted to reengineer the “Transformers” franchise for future longevity. The first three entries, directed by Michael Bay, each crossed $300 million in North American grosses, while threequel “Dark of the Moon” and its follow-up “Age of Extinction” both surpassed $1 billion worldwide. But Bay’s final production, 2017’s “Transformers: The Last Knight,” saw diminished returns, finishing with $130 million stateside and $605 million worldwide — almost half of the $1.1 billion in ticket sales earned by “Age of Extinction.” Paramount released the spinoff “Bumblebee” in 2018, produced on a comparatively smaller budget and met with $467 million worldwide.