Shareholders Defeat Imax Bid to Buy up China Subsidiary, Shares Wobble

Rebecca Rubin Film and Media Reporter Break out the tobacco pipes and fedora hats: Christopher Nolan’s “Oppenheimer” is returning to Imax screens for a one-week encore presentation. The blockbuster historical drama will be back on the big(gest) screen starting this Friday, including six Imax 70mm film locations: AMC CityWalk Stadium 19 in Hollywood, Calif.; AMC Irvine Spectrum in Irvine, Calif.; AMC Lincoln Square in New York City; AMC Metreon 16 in San Francisco; BFI London in the United Kingdom; and Melbourne Museum in Australia. These premium screens were the first to sell out during the film’s initial box office run.

Patrick Frater Asia Bureau Chief Hong Kong-based sales firm Autumn Sun has acquisition worldwide rights to Chinese family-oriented animated film “I Am T-Rex,” directed by Shang Ming and Si Lin, produced by Beijing Create Dream. “I Am T-Rex” follows a young T-Rex named Didi in her coming of age journey after the death of powerful father T-Rex Rog, who is killed by a rival dino gang. She must learn the ways of the T-Rex and claim the crown again with the help of her uncle and a very caring friend.

Patrick Frater Asia Bureau Chief A TIFFCOM seminar on Thursday demonstrated both a sense of incredulity that Japanese animation “Suzume” could have enjoyed such wide international success and conveyed the depth of passionate behind-the-scenes strategizing that made it happen. Since its release in Japan at the end of 2022 and international expansion in spring of 2023, following a Berlin festival competition slot, “Suzume,” a fantasy drama about a girl who helps avert natural disasters, sold more than 47 million tickets worldwide. “And most of those people don’t even speak Japanese,” said the session’s moderator Sudo Tadashi, journalist and professor at the Japan University of Economics. Sunami Kazuki, MD of producer CoMix Wave Films and the Takeda Akihiro, an executive attached to the president’s office at the film’s worldwide distributor Toho, said that “Suzumi’s” success was not a foregone conclusion. Its success was years in the making and based on the growing performance of director Makoto Shinkai’s previous movies as well as growing international understanding of the Japanese anime genre. At the beginning of their collaboration, Shinkai and CoMix had little expectation that Shinkai’s works could appeal to non-Japanese distributors and audiences. But, within Asia at least, fans are tuned in to certain kinds of content from other countries. “We also owe this success to the cumulative impact of Studio Ghibli and ‘Demon Slayer 2’,” said Sunami. Shinkai’s 2013 film “The Garden of Words” was initially a Japan-only theatrical release, but it registered in China after Japanese box office success.

Imax swung to a profit and saw revenue revenue jump in the Septembers quarter, buoyed by Oppenheimer and other content from Hollywood to local language films, concert films, docs and live events.

Brent Lang Executive Editor Christopher Nolan deserves a really nice fruit basket. The director’s latest blockbuster, “Oppenheimer,” was shot with Imax cameras, something that Nolan talked up during the film’s press tour last summer. That advocacy contributed to $180 million in global ticket sales for Imax venues, lifting the big screen company’s latest earnings results.

Patrick Frater Asia Bureau Chief Leading Chinese filmmaker Zhang Yimou has a tough guy exterior – leather jackets, black shirts and a square jaw that has earned him acting awards alongside his top-level credentials as cinematographer and director of “Hero,” “The Road Home” – but on a visit to the Tokyo International Film Festival this week he was all smiles and frank talk. Zhang received a lifetime achievement award on Monday. On Tuesday the festival gave a gala screening to his historical blockbuster “Full River Red.” And at a Wednesday masterclass, Zhang was more gushed usable details about his process and frank advice for newcomers. “To be a film director you need to be physically in good shape. No smoking and no drinking,” he advised. “I generally adopt a two-stage process,” he explained.

Patrick Frater Asia Bureau Chief Ichiyama Shozo assumed control of the program of the Tokyo International Film Festival after a long programming career that included Tokyo and the slightly more indie Tokyo Filmex events. He is also a regular producing partner of Chinese art-house darling Jai Zhangke. These influences have shaped his approach to this year’s Tokyo IFF lineup, he told Variety.

Patrick Frater Asia Bureau Chief The Zootopia-themed land at Shanghai Disneyland is now confirmed to open in December. It will be the eighth land within the seven-year-old theme park. Based on the Walt Disney Animation Studios animated film “Zootopia,” which released in 2016, the new land will include a new attraction, Zootopia: Hot Pursuit, where guests can hop on an all-terrain cruiser powered by a trackless ride system in an action-filled chase through Zootopia’s different districts. Other themed entertainment experiences and character moments include the Zootopia Park Apartments, where a lineup of animal residents will interact with each other and guests throughout the day, appearing from time to time, in a show. Guests will also get the chance to spend at Fashions by Fru Fru, a merchandise store owned by Fru Fru, a Zootopia fashionista.

Patrick Frater Asia Bureau Chief “Only the River Flows,” a pitch-black crime noir from auteur Wei Shujun, comfortably topped the mainland China box office on a quietish weekend. The film, ostensibly a murder mystery, but one concerned more with atmosphere than linear plotting, earned $12.6 million (RMB90.8 million) in its opening three days, according to data from consultancy Artisan Gateway, or close to a third of the market. The film had its premiere in Cannes where Variety gave it a rave review, calling it an “inventive riff on Asian-noir” and making comparisons with films by Park Chan-wook and Diao Yinan. “Only the River Flows” has since played at a succession of festivals ever since, including New Zealand, BFI London, Vancouver, Adelaide and last week’s Pingyao event in China. Falling to second place at the box office after three weeks on top was Zhang Yimou’s “Under the Light,” which earned $6.9 million for a four-weekend cumulative of $176 million. Chen Kaige’s war, propaganda film “The Volunteers: To the War” earned $5.3 million in third place.

Patrick Frater Asia Bureau Chief Hong Kong-based studio Edko Films will launch “Table for Six 2,” a sequel to its 2022 smash hit, at TIFFCOM, the rights market attached to the Tokyo International Film Festival. The heartfelt comedy is again written and directed by Sunny Chan, who enjoyed breakout success with “Table for Six,” a comedy-drama that starts with an awkward family reunion dinner where past and present romantic relationships are tangled and almost anything that could go wrong did. For the sequel. Chan has reunited the original cast – Stephy Tang, Louis Cheung, Ivana Wong, Lin Min Chen, Peter Chan Charm Man – for three weddings and their aftermath.

Patrick Frater Asia Bureau Chief Chinese movie conglomerate Hengdian Films has inked a contract to fit Imax with Laser premium large format screen systems at 20 of its cinema locations. The order is the Imax’s largest recorded during the past four years. Hengdian Films is a pre-existing Imax client and the new deal will expand its Imax screen count to 27 when completed.

In yet another move to increase its footprint in Asia, IMAX is expanding its partnership with Hengdian Films via an agreement for 20 new IMAX with Laser systems across China. This marks the largest deal for new IMAX systems in four years, reinforcing the strong demand among Chinese exhibitors and audiences for the premium experience with Hollywood and local content alike. 

Patrick Frater Asia Bureau Chief Sony Pictures has acquired the English-language remake rights to Chinese comedy drama, “Hi, Mom,” which until recently overtaken by “Barbie” had been the world’s highest grossing film directed by a solo female. The original picture, directed by Jia Ling and released in early 2021, sees a young woman whose mother has been fatally injured in a car accident, travel back to the early 1980s where she becomes best friend to the younger version of her mother. That enables her to work on giving her mother a better life than first time around.

Patrick Frater Asia Bureau Chief Two titles which debuted at Cannes this year were named as the major prize-winners at the seventh edition of the Pingyao International Film Festival in China. Wei Shujun’s black comedy-thriller “Only the River Flows” won the festival’s Fei Mu prize for best Chinese film.

Patrick Frater Asia Bureau Chief A dearth of new release films allowed Zhang Yimou’s “Under the Light” to retain a comfortable lead at the China box office over the weekend, in its third week of release. The contemporary crime drama film earned $13.5 million (RMB97.2 million) between Friday and Sunday, according to data from consultancy Artisan Gateway. Since releasing on Sept. 28, it has accumulated gross revenues of $163 million (RMB1.17 billion).

Patrick Frater Asia Bureau Chief Iqbal H. Choudhury’s “The Wrestler” and Mori Tatsutya’s “September 1923” were announced joint winners of the New Currents competition at the Busan International Film Festival. “The Wrester” “was like a single round match, magically depicting an exciting narrative,” the jury said.

Patrick Frater Asia Bureau Chief Australian TV journalist Cheng Lei has returned to her home country after three years in jail in China, the Australian government said on Wednesday. Born in China, but holding an Australian passport, having grown up in Melbourne, Cheng was a high-profile TV anchor for CGTN, the international broadcast arm of state-owned China Central Television. She fronted the “Global Business” daily show.

Patrick Frater Asia Bureau Chief Leading Chinese film director Zhang Yimou is to receive a lifetime achievement award at the Tokyo International Film Festival later this month. The award will be presented to him during the festival’s opening ceremony on Oct. 23. Later, Zhang will take part in a special talk session at the TIFF Loungeco-hosted by the Japan Foundation. Additionally, his “Full River Red,” which was a box office sensation in China at the beginning of the year, will play as a gala selection during the Tokyo festival. Zhang, consider to be among China’s “fifth generation” of filmmakers, has had an extraordinary career that he has sustained for over three decades.

Patrick Frater Asia Bureau Chief Taiwanese actors King Jieh-wen and Hsueh Shih-ling and Indonesia’s Angga Yunanda are set to star in “Malice,” a multinational Asian thriller that will shoot next year. The film’s producers, actors and government backers presented the fully-assembled package to press and industry on Monday at the Busan International Film Festival. The film, pitched as “a road movie at sea,” is a dark tale of three men who put out to sea in search of a particular, large swordfish that had been rumored to have died out.

Patrick Frater Asia Bureau Chief The Zhang Yimou-directed contemporary drama film “Under the Light” retained its top spot at the mainland China box office for a second weekend, but with numbers that dropped steeply, as macro-economic weakening led to a Golden Week of across the board disappointment. Financial media Monday reported that consumers travelled less and spent less on leisure than had been forecast, likely reflecting general economic belt tightening, high unemployment and property sector worries. Before the holidays, cinema ticketing firm Maoyan had forecast that the first three days would throw up box office of RMB1.5 billion (208 million) and that “Under the Light” alone would reach RMB2 billion ($278 million) by the end of the eight-day holiday season (Sept. 29-Oct.