SVoD Growth Slows Sharply in Southeast Asia, Says Study

EXCLUSIVE: EST Studios has entered into a partnership with New York and Bangkok-based N8 Studios to represent a slate of Asian films at global markets including the Marche du Film at Cannes. 

Patrick Frater Asia Bureau Chief “Fast & Furious 10” (aka “Fast X”) drove off with the top prize at the South Korean box office on its opening weekend. It earned $4.99 million between Friday and Saturday, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). And over its full five-day run, from a Wednesday opening, it earned $6.76 million. Kobis showed the film claiming a 48% market share. The speedy start for “Fast X” was enough to depose “Guardians of the Galaxy 3,” which had ridden atop the Korean chart for the two previous weekends. In its third weekend on release “GOTG 3” earned $3.04 million, a 48% week-on-week decline, giving it a cumulative of $26.9 million after 19 days on release in Korea. That is the fourth highest total for any film that has played in Korean cinemas this year.

Patrick Frater Asia Bureau Chief Wilfredo Manalang, who was one of the producers of last year’s Cannes’ Japanese hit “Plan 75,” has come on board Vietnamese film project “Don’t Cry, Butterfly.” Manalang (aka Will Fredo) and partners in his Philippines-based Fusee consortium will join as an executive producer. Written and to be directed by Duong Dieu Linh, “Don’t Cry, Butterfly” follows a Vietnamese housewife who finds out that her husband is cheating on her. Instead of confronting him, she uses voodoo on him so he falls back in love with her. Production of “Don’t Cry Butterfly” is by Tan Si En at Singapore-based Momo Film Co. The company was founded in 2018 by Tan and writer-director Kris Ong. In 2021, Beach House Pictures, part of Canada’s Blue Ant Media, acquired a majority stake in Momo.

Patrick Frater Asia Bureau Chief Irish screen legend and BAFTA-award winner Patrick Bergin (“Sleeping With the Enemy,” “Patriot Games”) and Francis Magee (“Kin”) have joined true-crime thriller, “Kiss of the Con Queen,” being directed by Tom Waller (“The Last Executioner,” “The Cave”). The pair join real-life victim Eoin O’Brien (“The Last Full Measure”) who plays an actor duped by an impersonator into traveling to Indonesia on the promise of auditions for a leading role in a DC origins series. There he discovers that he had been scammed by the infamous Con Queen of Hollywood. Ravi Patel (“Transformers,” “Meet the Patels”) plays the fraudster.

Patrick Frater Asia Bureau Chief Amanda Nell Eu’s “Tiger Stripes,” which had its premiere this week in Cannes Film Festival’s Critics’ Week, is being celebrated as a punchy female-driven debut feature and as the first film by a Malaysian woman director in any section Cannes. The story focuses on a small group of 11 or 12-year-old girls. When one of the friends enters puberty she finds her body changing in unexpected ways. Relations with her friends and family start morphing too. Eu’s finished film straddles the metaphorical drama and body horror genres. “Tiger Stripes” is also a triumph for the now highly-developed global network of project markets, talent development programs, script and production workshops (often labelled as ‘labs’) and grant schemes. These are intended to encourage diversity and nurture film-making talent in countries where that is a rarity or where commercial films crowd out more experimental art-house titles.

Patrick Frater Asia Bureau Chief Returning as an in-person event after cancelation last year, the Shanghai International Film Festival has set out an agenda with a clear focus on China. The festival (June 9-16) will celebrate the 10th anniversary of the Belt and Road Initiative, China’s economic outreach and development program. With a series of press conferences and film culture roundtables, the SIFF’s Belt and Road Film Week will “bring together old friends of the alliance from previous years and new friends made this year [..] and announce an action plan for the future.”

CANNES (Reuters) - Gong Li, one of China's best actors, told Reuters on Wednesday that Michelle Yeoh's recent success at the Oscars and Golden Globes was particularly encouraging for Asian actors. "Since the beginning of the epidemic to now, in fact, the film industry has not been so vibrant, not like it was before, so her award is also an encouragement," Gong said.

I'm A Celebrity South Africa All-Stars winner Myleene Klass says there was a significant amount of prize money for her triumphant crowning for the ITV jungle spin-off show, but has announced the sweet gesture on what she's going to do with it.

While Southeast Asian films have premiered at the Cannes Film Festival many times before, and even won the Palme d’Or, there’s an energy around the region this year that we haven’t felt on the Croisette at previous editions. 

Patrick Frater Asia Bureau Chief The Busan International Film Festival, Asia’s biggest annual film event, may be headed for fresh turmoil following the announcement by festival chairman Lee Yong-kwan that he plans to resign. On Friday, the festival’s director Huh Moonyung announced his plan to resign and exit by the end of the month. The two high-level resignations follow the announcement a week ago that the festival would split the director’s job and appoint Cho Jongkook to the newly created position of managing director. “Festival director Huh Moonyung and chairperson Lee Yong-kwan have both announced their resignation, but neither have been processed yet,” a festival spokesperson confirmed to Variety.

Patrick Frater Asia Bureau Chief The premium end of the streaming video sector in India is poised for shake-up, with Reliance Industries’ JioCinema challenging the SVOD dominance of Disney+ Hotstar, new research suggests. “The India Online Video Report: Analysis of Consumption, Content & Investment Trends,” from Singapore-based Media Partners Asia, shows total consumption across the online video sector reached 6.1 trillion minutes for the 15-month period from Jan 2022 to Mar 2023. Within that period, the SVOD, AVOD and freemium platforms accounted for some 12% of viewing time, up from 10% in 2021. Social services such as YouTube and TikTok accounted for 88% of viewing time.

Patrick Frater Asia Bureau Chief A Singapore-based Russian national Lev Panfilov is now on trial in the city on four charges of molesting, sexually assaulting and raping a woman. The man is an actor and online personality known to the public from the WahBanana YouTube channel, where he appeared between 2020 and May 2021. He is currently employed in the job recruitment industry. The incident is alleged to have occurred in January 2021 after Panfilov and the woman, who cannot be named for legal reasons, met in person for the first time. Singapore media report that Panfilov has requested that the case move to trial. Proceedings that began on Tuesday included testimony from a police officer who took Panfilov’s underwear and bedding as samples.

Patrick Frater Asia Bureau Chief Funding from Singaporean state sources is involved in two features that make their debut at the Cannes Film Festival this month. A third film, “The Breaking Ice,” is directed by Singapore-born filmmaker Anthony Chen. “We are absolutely thrilled that we have the most number of Made with Singapore films debuting in Cannes this year,” said Justin Ang, assistant chief executive of media, innovation, communications and marketing at Singapore’s InfoComm Media Development Authority.Malaysian-produced “Tiger Stripes,” which will play in the Critics’ Week section, and Vietnamese-made “Inside the Yellow Cocoon Shell,” which will play in the Directors’ Fortnight section, both received cash injections from the Southeast Asia Co-Production Grant under the ‘Media Talent Progression Programme,’ which is backed by the Singapore Film Commission and the IMDA.

There are so many ways to celebrate Asian Heritage Month and pay homage to this community, no matter your background — and one of our favourite ways is to run up the streams on songs by all our favourite artists of Asian descent. While you might know a number of notable artists from the radio, we’re here to put you on to some names that are up-and-coming, fresh, underground, or simply blooming with their music careers on TikTok.

Patrick Frater Asia Bureau Chief Bruce Berman, a senior executive who was previously chairman and CEO of Los Angeles-based Village Roadshow Pictures, has come out of retirement to board the recently-founded film studio Through the Lens Entertainment. The company, founded by producer Aditya Chand, is headquartered in Singapore with operations in the U.S. and Japan. It aims to combine the opportunities of the East and the power and experience of the studio systems in the West, “to offer a new studio ecosystem out of Asia, that is built for the digital age.” Two film projects are already underway and a third with “Slumdog Millionaire” star Frieda Pinto is in development.

Patrick Frater Asia Bureau Chief Prime Video has set May 18 for the global release of its upcoming Indian anthology series “Modern Love Chennai.” This is the third Indian adaptation of “Modern Love,” the internationally acclaimed original anthology directed by John Carney, following “Modern Love Mumbai” and “Modern Love Hyderabad.” Produced under the banner of Tyler Durden and Kino Fist, with Thiagarajan Kumararaja as the creator, the six-episode anthology presents a bouquet of love stories set in the city of Chennai that explore relationships, push boundaries, and open minds.  “Love stories and rom-coms have never been my cup of tea. Thus, ‘Modern Love Chennai’ was an interesting challenge,” said Kumararaja, creator of the series and writer-director of one of the episodes. “With these stories, we have explored and celebrated the old-world charm of the city, which remains rooted in a distinct blend of tradition and modernity.” 

Patrick Frater Asia Bureau Chief Debut feature “Tiger Stripes” has already amassed several firsts – it is the first Malaysian film in Cannes for several years and director Amanda Nell Eu is the country’s first female helmer selected for a festival appearance – and it is now releasing its first trailer. The film, which will play in the Cannes Critics’ Week section is the tale of an 11-year-old girl who starts to experience horrifying changes to her body. Eu says that the film is both a metaphor for issues of female identity and the arrival of puberty and also a body horror entertainer. “This comes from my dark sense of humor. People always label young girls as little monsters. They say that teenage girls are emotional or crazy or hysterical. So, my thinking was ‘why don’t I tell a story about a young girl who actually does turn into a monster’ and let me show you what a monster is. It is a metaphor and a genre film,” she told Variety.

Patrick Frater Asia Bureau Chief “Guardians of the Galaxy Vol. 3” gave the South Korean box office its biggest weekend of the year, with a $10.3 million start. The film played on more than 1,800 screens and enjoyed a 46% share of the overall market between Friday and Sunday, according to data supplied by Kobis, the tracking service operated by the Korean Film Council. After a year of struggle for the theatrical business in Korea, the opening by “Guardians” was twice that of “The Super Mario Bros Movie” and nearly four times bigger than the next biggest individual title debut of 2023 (“The First Slam Dunk” in the first week of January scored $2.61 million). Over its opening five days, “Guardians” managed $13.2 million, making it the seventh highest grossing film of the year at the end of its first weekend.

Fans are convinced that Taylor Swift has just confirmed her new romance with singer Matty Healy after mouthing the exact same message as Matty whilst on stage for her Eras tour. Before the singer's latest performance, it was rumoured the couple might reveal their new romance during the Nashville show, however it has turned out more cryptic than fans expected.The Love Story singer, 33, was caught mouthing the words: “This is about you, you know who you are. I love you” before singing Cardigan from the Folklore album.

Patrick Frater Asia Bureau Chief Glossy drama film, “Inside the Yellow Cocoon,” has unveiled its first trailer ahead of its world premiere this month in the Directors’ Fortnight section at Cannes. Its world sales representative, Cercamon will give the picture a market launch with a buyers-only screening on May 16. The anticipated Vietnamese-Singapore co-production is the debut feature by Pham Thien An and is eligible for the Camera d’Or prize. Its narrative follows a man whose sister-in-law is killed in a freak motorcycle accident in Saigon. He is tasked with delivering her body back to their countryside hometown. It is a journey on which he also takes his young nephew, who miraculously survived the crash. Amidst the mystical landscapes of rural Vietnam, the man begins a search for his older brother who vanished years ago in order to be able to hand over the boy. His pursuit, interrupted by magical dreams and forbidden desires, leads him to question what is worth living for.