Louis Koo’s One Cool Film Unveils Star-Studded Slate at FilMart

Faye Bradley Actor Louis Koo is a household name in Hong Kong but off-screen, he’s an influential entertainment industry investor, producer and entrepreneur. Rising to prominence during the “golden age” of Hong Kong cinema, Koo built a respected career over the decades but less flashy are his businesses and investments. One Cool Group is one such revenue stream.

Variety Lounge at the 2024 Hong Kong International Film & TV Market (FILMART) emerged as a dynamic hub of creativity and insight. The studio played host to a series of illuminating interviews featuring prominent figures in the global film industry including European filmmaker Cristiano Bortone, producer and co-founder of boutique studio S11 Partners Ltd.

We’re back again, Insiders. Jesse Whittock with you this week, as Netflix showcased its latest wares, Hong Kong welcomed the entertainment world and Argentinian film was plunged into crisis. Here we go. Sign up to the newsletter here. 

This year’s Filmart was definitely bigger and busier than last year, which was the first physical edition following the reopening of Hong Kong and mainland China’s borders after the pandemic. According to Filmart organizers, the Hong Kong Trade Development Council (HKTDC), more than 750 exhibitors and 7,500 visitors attended this year’s Filmart, compared to around 700 exhibitors and 7,300 visitors in 2023. But despite frenetic meeting activity, the market did little to dispel fears that international sales business in the region, already in decline before the pandemic, is not yet recovering. International sales agents under the IFTA and European Film Promotion (EFP) umbrellas had packed meeting schedules.

The fact that both Asia and Europe are finding it more difficult to finance movies following the pandemic may drive the two regions to start working together more closely, despite the huge differences in their funding systems, said a group of leading producers on a two-session Filmart panel.

Naman Ramachandran Dubai-based sales agency Cercamon has acquired worldwide rights for Indonesian film “Crocodile Tears,” it was revealed at Hong Kong rights market FilMart. The film is a co-production between Indonesia’s Talamedia (producer Mandy Marahimin), Singapore’s Giraffe Pictures (producers Anthony Chen and Teoh Yi Peng), France’s Acrobates Films (producer Claire Lajoumard) and Poetik Film (producer Christophe Lafont) and Germany’s 2Pilots Filmproduction (producers Harry Flöter and Jörg Siepmann). The deal was negotiated by Sebastien Chesneau at Cercamon, Chen at Giraffe Pictures and Marahimin at Talamedia.

Naman Ramachandran Korean action drama “A Shop For Killers” has become the most viewed local original on Disney+ in the Asia Pacific region (Australia, New Zealand, Japan, Korea, Taiwan, Hong Kong, Singapore and Philippines) so far in 2024, the streamer has revealed. Set in contemporary Korea, the eight-part series follows college student Jeong Jian who dives for cover in her childhood home after a series of highly skilled assassins come after her.

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.

Naman Ramachandran Celebrated Philippines filmmaker Lav Diaz‘s examination of the human condition continues with “Kawalan.” The work-in-progress has been selected for the 22nd Hong Kong — Asia Film Financing Forum (HAF), the project market that operates concurrently with FilMart. In the film, Tomas, the old venerable mayor of the remote town of Kawalan, learns that the invading Japanese will set up a garrison there. He organizes willing members in his community to set up a hidden settlement in the middle of the forest, where they can live unaffected by the horrors of war.

Naman Ramachandran Acclaimed filmmaker Hong Khaou‘s “Walled City” has been selected for the 22nd Hong Kong — Asia Film Financing Forum (HAF), the project market that operates concurrently with FilMart. Khaou’s debut, “Lilting” (2014), starring Ben Whishaw and Cheng Pei-pei, premiered in the world cinema dramatic competition at Sundance, winning best cinematography. “Monsoon” (2019), his second feature, starred Henry Golding and premiered in competition at Karlovy Vary.

Faye Bradley Investments in artificial intelligence generative content (AIGC) remain a top priority for some companies in China, despite ongoing concerns regarding copyright and intellectual property rights. During a seminar discussing the potential of generative AI in the entertainment industry at Hong Kong’s FilMart, Chen Jihong, an equity partner at Zhong Lun law firm, highlighted the legal challenges that have arisen since the introduction of ChatGPT in 2022. One notable case involved a recent ruling in China that recognized an AI-generated image as a copyrightable work.

“We don’t need a lot of content, we just need lots of really good content,” Kelvin Yau, President of Asia Pacific and Marketing iQIYI, concluded when quizzed on his company’s editorial strategy during a keynote session on streaming this morning at Filmart in Hong Kong.

Screenworks Asia, the production subsidiary of Taiwan’s Catchplay, has acquired international sales rights to the horror anthology series Urban Horror and will present the show at this week’s Filmart in Hong Kong.

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 Leading South Korean sales company Finecut has picked up international sales rights to action comedy film “Boss.” It will launch the title at next week’s FilMart in Hong Kong. Directed by Ra Hee-chan (“Going by the Book,” “Mr. Idol”), the film follows gang members embroiled in fierce competition.

Seoul-based sales company Finecut has boarded international sales on the action-comedy Boss and will launch sales at this week’s Filmart in Hong Kong. 

Veteran producers Cora Yim and Benjamin Lin are launching a production company, S11 Partners, with an equity investment from Hong Kong-listed Medialink Group.

As Filmart gets underway, Hong Kong’s major production companies, including Edko Films, Emperor Motion Pictures (EMP), Media Asia, One Cool Group and Universe Entertainment, will be unveiling their new titles in enormous booths at the front of the trade show floor, some of which will be as elaborate as film sets.

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 Film projects to be produced by Andrew Lau (“Infernal Affairs,” “Initial D”) and Han Sanping, the former head of China Film Corp., are among the new in-development titles that grace the FilMart slate of Hong Kong studio Media Asia. The Peter Lam-controlled studio is also poised, at an event within FilMart on Monday, to detail its new alliance with China’s Alibaba Pictures Group. Lau is producing “Behind the Scene,” a book-to-film adaptation to be directed by Lee Kwong-yiu (“Insanity”) in which four friends uncover a meticulously planned murder that is carefully disguised as a kidnapping. Suspicions fall on a bank president who is involved in counterfeiting. Han is aiming to produce “Fading Tracks,” another crime title that is also adapted from a novel.