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

Patrick Frater Asia Bureau Chief Australian streamer Stan has acquired rights to both seasons, totaling 20 episodes, of the Malaysian adaptation of Scandinavian crime series “The Bridge.” The agreement, brokered by Lyle Bettson-Barker, SVP Australia and New Zealand from Banijay Rights, represents the first time that Stan has acquired a Malaysian drama series. The Asian version of “The Bridge” was initially commissioned by Viu and HBO Asia in 2018, after Double Vision, part of the Vision New Media group, introduced Viu to the format. It broadcast to across 23 territories in the combined footprints of Viu and HBO Asia and was also shown on Viu in South Africa.The title has garnered more than 20 regional awards and nominations across its two seasons, making it the most awarded drama in Malaysian history. Season one faithfully follows the original show, and sees a dead body found on the border between Malaysia and Singapore, necessitating an investigator from each country to work together to solve the crime.

J. Kim Murphy Hayao Miyazaki’s “The Boy and the Heron” looks to soar atop domestic charts this weekend after earning about $5.4 million across Friday and various preview screenings. Playing in 2,205 theaters, the GKids release has the benefit of Imax and other premium large format auditoriums to boost those numbers.

Patrick Frater Asia Bureau Chief Thailand’s broadcast and streaming group Mono Next and Korea’s Studio Genie have struck a deal to collaborate on content creation and distribution. Production of a Thai remake of a Korean series is on the cards, but has not been finalized. The memorandum was announced on stage at the Asia Television Forum in Singapore on Wednesday, with streaming unit Mono Streaming signing on behalf of the Thai group.

Patrick Frater Asia Bureau Chief Wang Jianlin, the Chinese billionaire who previously sought to buy a controlling position in Hollywood, is preparing to complete his imminent exit from the film industry. The troubled conglomerate is facing debt repayment pressure.Wanda Film, which remains China’s largest cinema operator, Wednesday said in a regulatory filing to the Shenzhen Stock Exchange that Wang and his Wanda Investment vehicle expect to sell their remaining stake 51% in the company to China Ruyi Holdings. Ruyi, which operates across film, TV and online games, counts games, social media and streaming giant Tencent among its largest shareholders.

Patrick Frater Asia Bureau Chief Universal Music Greater China has signed a strategic partnership with Mandarin-language music superstar Jay Chou and his record label JVR Music. The agreement secures global marketing and distribution rights for Chou’s extensive music catalogue and for future projects. It also supports rising talent from his label, including artists Patrick Brasca and Young (aka Cao Yang) through JVR. Nicknamed the ‘King of Mandopop’ Chou has a two decade career that spans 15 studio albums, eight world tours and 378 concerts in Asia, America, Europe, and Australia.

Patrick Frater Asia Bureau Chief Macau casino operator, Sands China entered into a strategic partnership with Chinese streaming company Tencent Video and Chinese cinema ticketing firm Maoyan Entertainment. The three parties will team up to host large-scale offline events, content creation of lifestyle and entertainment programs and online marketing and promotion. Operating The Venetian Macao, The Parisian Macao and The Londoner Macao casino resorts, Sands runs several large entertainment facilities in Macau, including the 15,000-seat Cotai Arena, the 1,800-seat Venetian Theatre, the 6,000-seat The Londoner Arena, the 1,200-seat The Parisian Theatre, and the 1,700-seat Londoner Theatre. The three will co-organize events in Macau including live performances, concerts, films, TV series, variety shows, sports and cultural activities.

Renaissance: A Film by Beyoncé” is taking over the box office after grossing $11.5 million on its opening day from 2,539 locations, a figure that includes a strong $5.1 million in Thursday previews. Putting that next to the massive October debut of “Taylor Swift: The Eras Tour,” it’s shaping up to be the first year on record that two concert documentaries have opened at the top of domestic charts.

Sebastián Yatra has made an announcement that disappoints both his fans and those of Aitana: their romantic relationship has come to an end, even though they still share a deep affection for each other. In his own words, “We have a lot of love for each other. We are, and will continue to be, great friends in life. At this point, we are both single, each of us forging our own paths. Nonetheless, I hold a great deal of care for her, and we’ve shared a beautiful story this year,” he confirmed during an interview with the Mexican channel Telediario.Currently, the ‘Red Heels’ singer is in Mexico, where Aitana, also has a loyal fan base.

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.

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.

Rebecca Rubin Film and Media Reporter Ridley Scott’s historical epic “Napoleon” may not have conquered the top spot in North America, but it emerged victorious at the worldwide box office. The film, starring Joaquin Phoenix as the infamous French ruler, debuted to $78.8 million, including $46.3 million internationally — enough to stave off the competition on global charts.

Jordan Moreau Disney is wishing upon a box office star this Thanksgiving, as its latest animated movie “Wish” takes on Apple’s historical drama “Napoleon.” “Wish” is expected to come out on top this weekend, but “Napoleon” won the first box office battle in previews. “Napoleon” made $3 million in previews, which began on Tuesday due to the Thanksgiving holiday, and “Wish” made $2.3 million. The family friendly animated movie about Disney’s iconic wishing star is expected to make $35 million over the typical weekend.

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.

Suki Waterhouse has shown off her growing baby bump after she announced her pregnancy during a performance at Corona Capital Festival in Mexico City. The Daisy Jones and the Six star, 31, took to Instagram following the concert, where she posed with pal Georgia May Jagger and proudly showed off her blossoming bump.

A swingers club with 18 bedrooms, a sauna, cinema room and dancefloor housed in an aquarium building has been approved by Bolton Council. The private members club now has permission to operate on the site of Dave’s Aquarium, Folds Road, Bolton.

A swingers club with 18 bedrooms, a sauna, cinema room and dancefloor housed in an aquarium building has been approved by Bolton Council. The private members club now has permission to operate on the site of Dave’s Aquarium, Folds Road, Bolton.

Patrick Frater Asia Bureau Chief Local crime drama film “Last Suspect” returned to the top spot at the mainland China box office over the latest weekend, as “The Hunger Games: The Ballad of Songbirds and Snakes” opened quietly in third place. Narrowly beaten last week by “The Marvels,” “Last Suspect” climbed one place while “The Marvels” fell out of the top five in China. In its third weekend of release, “Last Suspect” recorded $10.1 million (RMB76 million), according to data from consultancy Artisan Gateway.

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.

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.

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.