Chinese Streamer iQiyi Sets Theatrical Deals in Southeast Asia

Patrick Frater Asia Bureau Chief “Taylor Swift: The Eras Tour” movie has cleared multiple stages of approvals and will release in mainland Chinese theaters on Dec. 31. The announcement, foreshadowed by Variety earlier this month, was made at 1.13pm (or 13.13) on Friday in China, a reference to Swift’s birth date and lucky number.

Patrick Frater Asia Bureau Chief Iconic, multi-Oscar-winning film “La La Land” is headed back to mainland Chinese cinemas in sessions that dance off on Dec. 22. The worldwide release is overseen by Lionsgate release, while the China re-release is to be piloted by local distributor JL Film.

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.

Patrick Frater Asia Bureau Chief Two Hollywood films “Wonka” and “Migration” opened in Chinese cinemas over the latest weekend. But neither did enough business to appear among the box office top five. Instead, the weekend crown went to “The Invisible Guest,” a Chinese remake of the 2016 Spanish mystery thriller about a woman who must work with a police officer to clear her name after her lover is found dead in a locked room. It earned a modest $12.6 million (RMB89.6 million), according to data from consultancy Artisan Gateway.

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 The Korean-produced series “The Glory” won the best drama series award on Thursday at the Asian Academy Creative Awards Gala Final. Thai-produced TV movie “Hunger” was named best feature film. The awards are organized by the Asian Academy of Creative Arts (AACA) a.k.a Asian Academy Creative Awards (AAA) and are held alongside the Asia Television Forum and Market (ATF) in Singapore. The AACA “was established to honor creative excellence and serve as a peer judged pinnacle of achievement in content creation, performance and media production.” By the conclusion of the gala ceremony, Singapore, Japan and India had each claimed seven prize wins.

Patrick Frater Asia Bureau Chief China’s Linmon Media celebrated its tenth anniversary this week by unveiling 16 new shows for its 2024 production and release slate. The roster included seven Chinese period drama series, five contemporary shows and two more being made in Thailand. “We are not just a producer, we are a studio,” Zhou Yuan, co-founder and EVP of Linmon, told Variety on the sidelines of the company’s predominantly English-language presentation at the Asia Television Forum & Market in Singapore.

Patrick Frater Asia Bureau Chief Hollywood’s role in Asian TV has changed in the streaming era and age of hyper-local content. A top-down sales and distribution position has eased into one of co-production, co-financing and acquisition. A high-powered array of western executives offered experienced views and discussed their current positions at a panel session Thursday within the Asia Television Forum & Market in Singapore. “We want to be an additive partner on shows that cannot be created locally, said Georgina Gonzalez, director of scripted series and global series at Universal Int’l Studios, NBCU.

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 Something Special, the Seoul-based international format agency founded by format specialists Jin Woo Hwang (president and executive producer) and Kim In Soon (EVP & head of content) announce that ITV Studios has optioned the hit Korean celebrity format “Battle in the Box” for France, Australia, New Zealand, and Israel. The deal was unveiled on Wednewday, the first full day of the Asia Television Forum and Market (ATF) in Singapore. “Battle in the Box,” created by Korea’s NMedia and represented globally by Something Special, has previously seen deals announced with Fremantle for Denmark, Norway, Sweden, Finland, the Netherlands, Belgium and Portugal.

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 Singapore is launching a new fund to support international coproduction of TV series. It will also expand government investment into virtual production (VP). The two moves were announced on Wednesday by senior minister of state for communications and information Tan Kiat How at the opening ceremony of the Asia Television Forum and Market (ATF).

Patrick Frater Asia Bureau Chief Donovan Chan, co-chief and creative director of Singapore-based Beach House Pictures has operations that span scripted, unscripted and branded TV as well as film, across the width of the Asia region. That gives him a unique perspective on a trying last year and where the upsides appear to be. He sat down with Variety on the eve of the Asian Television Forum.

Patrick Frater Asia Bureau Chief “Full River Red,” the Zhang Yimou-directed period comedy-drama that released in January this year has earned its producer Huanxi Media Beijing the 2023 Asia Pacific Box Office Achievement Award at the CineAsia convention. The convention gets under way Monday in Bangkok and will run till Thursday (Dec. 4-7).

Patrick Frater Asia Bureau Chief CJ ENM (Hong Kong), a channels and content distributor that is part of the Korean CJ ENM conglomerate, has picked up pay-TV rights in parts of Asia to a handful of Korean series that were co-financed by streaming platform Tving and Paramount+. The deal was struck with Paramount Global Content Distribution. The productions are part of a global strategic partnership between CJ ENM and Paramount Global that was announced in December 2021. The deal was announced on the eve of the Asian TV Forum (ATF), which kicks off next week in Singapore. The series debut first on Tving in Korea and on Paramount+ in the U.S., Canada, U.K., Australia, Latin America, Brazil, Italy, France, Germany, Switzerland and Austria.

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.

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.

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.

Patrick Frater Asia Bureau Chief Cannes’ Directors Fortnight section has joined forces with The Philippines for the latest edition of its Directors Factory professional training program. Operating since 2013, when it kicked off in Taiwan, the Directors’ Factory works with a new partner country each year to mentor eight budding filmmakers who are preparing ambitious first or second feature projects that they will make in pairs. The four resulting co-written and co-directed short films will be screened as part of the Directors’ Fortnight (aka Quinzaine des Cineastes) in May. Four pairs were selected in Manila in October: Eve Baswel (Philippines) and Gogularaajan Rajendran (Malaysia); Maria Estela Paiso (Philippines) and Ashok Vish (India); Arvin Belarmino (Philippines) and Lomorpich Rithy (aka YoKi) (Cambodia); Don Josephus Raphael Eblahan (Philippines) and Tan Siyou (Singapore). They have now begun writing their screenplays and are expected to shoot their films March in Dapitan, a city in The Philippines’ Zamboanga Peninsula, known for its many shrines and as the place of exile of Philippines’ national hero, Jose Rizal. These days it is a hub for domestic and international tourism. Post-production of the four titles will then be hosted in Quezon City, which seeks to become the new film capital of the Philippines and where many of the country’s post-production houses are already based. The program is operated and co-produced by Epicmedia Productions of The Philippines and Dominique Welinski, founder and curator of DW (France).

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.