China’s Linmon Pictures Readying ‘Second Sister’ Adaptation, Hong Kong-Set Crime Series ‘Hate Coin’

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.

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 ‘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 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.

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.

Patrick Frater Asia Bureau Chief Previews for Universal Pictures and Dreamworks Animation’s “Kung Fu Panda 4” put the Chinese-themed film in fourth place at the mainland China box office, a week ahead of its official theatrical debut. Over the March 15-17 weekend, however, first and second places remained with holdover titles “The Pig, The Snake and the Pigeon” and “Dune: Part Two.” Taiwanese crime film “The Pig, The Snake and the Pigeon,” already playing on Netflix in territories outside China, topped the mainland China chart for the third successive weekend. According to data from consultancy Artisan Gateway, it earned $11.1 million (RMB79.1 million), for a cumulative of $73.2 million (RMB520 million).

Patrick Frater Asia Bureau Chief Hollywood producer and financier Joseph Cohen (“Brokeback Mountain,” “12 Years A Slave,” “Sicario,” “La La Land”) is launching a new company in Hong Kong called MediaRealm Advisors Asia. It will provide consulting services to Asia-based institutional and professional investors looking to invest in American Entertainment Investors mainstream Hollywood movie projects. He is joined in the venture by Hong Kong and Tokyo based Adam Guy Orlebar Garrett.

Patrick Frater Asia Bureau Chief Orange Sky Golden Harvest, the multi-territory cinema operator, Wednesday warned that it would return to losses when it reports its 2023 losses. The announcement, made in a regulatory filing, came just days after the company denied that it was preparing to sell off its cinemas in Singapore, which represent the biggest component of its business.

Patrick Frater Asia Bureau Chief Hong Kong’s Film Development Council has unveiled the first shortlisted projects under its new scheme to develop content for streaming platforms. The Content Development Scheme for Streaming Platforms was announced last year. It aims to nurture cross-sectoral production teams and expand new distribution market and takes the form of a competition to recruit participating teams that develop a mini-series for streaming platforms.

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 China’s unprecedented economic and social transformation in the latter part of the 20th century has been picked over in dozens of movies by filmmakers ranging from Jia Zhangke to Wang Xiaoshuai. But with more than one billion people affected by China’s transformation, there is no shortage of personal stories and no end of ways to tell the tale. Sophomore filmmaker Huo Meng trains his eye on one of those stories in his second film, “The Wind Is Unstoppable,” which he is just finishing off.

Patrick Frater Asia Bureau Chief “Dune 2” launched in mainland China cinemas this weekend with a solid $19.9 million three-day haul. That put it in second place, narrowly behind holdover crime-drama “The Pig, the Snake and the Pigeon.” Data from consultancy firm Artisan Gateway, showed that “The Pig, the Snake and the Pigeon” earned $21.3 million (RMB151 million) between Friday and Sunday, for a 10-day cumulative of $54.1 million (RMB384 million).

Patrick Frater Asia Bureau Chief Chan Tai-lee, the screenwriter of many of the Ip Man martial arts action films, has written and directed upcoming action film “Fight for Tomorrow.” Mandarin Motion Pictures, which backed the film and is handling international rights sales, is using this week’s FilMart to launch the picture to international buyers. The production was assisted with finance from the Hong Kong Film Development Fund.

Patrick Frater Asia Bureau Chief Cora Yim and Benjamin Lin, both established indie producers of Chinese-language content, have joined forces to launch S11 Partners. It is partially backed by Medialink Group, an IP, distribution and brand licensing mini-conglomerate that is listed on the Hong Kong Stock Exchange. The pair, who previously worked on TV series “Taiwan Crime Stories,” are launching their venture at FilMart in Hong Kong with a slate of three feature films in development.

Patrick Frater Asia Bureau Chief COVID, changing money flows and a new superpower Cold War of sorts may have, over the past few years, helped to reduce the connections between the film and TV industries of China and the rest of the world — so, will the 2024 edition of FilMart, whose organizers continue to claim bridgehead status, be the market to increase those connections? Candas Yeung, the Trade Development Council associate director who takes over as head of FilMart this year, says that visitor and exhibitor numbers have crept up again this year — to an anticipated 7,500 and 715, respectively — and that fully 40% of market participants hail from mainland China. “That’s a pretty significant proportion and they are very active in the market, both buying and selling, and making some announcements,” Yeung says.

Patrick Frater Asia Bureau Chief Taipei-based Screenworks Asia has picked up innovative anthology series “Urban Horror” for international sales ahead of this week’s FilMart in Hong Kong. Directed by Lee Chun-Hong (“Mom, Don’t Do That!”), Chen Bao-Zhong and Huang Dan-Chi, a group of young and upcoming filmmakers, “Urban Horror” comprises 34 short episodes revolving around the mysterious, the unexplained and the disturbed. They make use of six modern city settings, such as night clubs, office buildings, youth hostels and other places where ghosts and monsters are not normally found. The deliberately limited number of locations also enables the 34 short films to be re-packaged as six longer episodes. In each episode, the audience will see a familiar face that could be an award-winning actor, a pop star, or an internet celebrity.