Tencent’s China Literature Crashes to $465 Million Loss

Patrick Frater Asia Bureau ChiefChinese war film, “The Eight Hundred” was the highest scoring film in the world over the weekend.According to data from Artisan Gateway, “The Eight Hundred” grossed $69 million between Friday and Sunday, its second weekend on release in China.

Rebecca Davis editorChina this week became the first global market to make a “full box office recovery” according to targets developed by the U.K.-based film industry analytics firm Gower Street, the company said Thursday.The firm created five targets to track and compare the paths of different territories’ exhibition sectors back to recovery.

Nancy Tartaglione International Box Office Editor/Senior ContributorChristopher Nolan’s Tenet has begun its offshore rollout, and while Warner Bros is keeping a tight lid on grosses until fully reporting Sunday, some international box office information is available on the highly-anticipated title.In Korea, one of the key plays on Tenet, the Wednesday opening day was a little over $827K from 2,228 screens.

BEIJING – The moment the metal singer Shui Shu spread his arms, Buddhist prayer beads in hand and incense wafting from the stage, his band unleashed a wall of sound on the crowd.The rapt audience of about 200, many wearing masks, swayed gingerly.

Patrick Frater Asia Bureau ChiefChinese romance film “Love You Forever” earned a stunning $38.3 million on Tuesday, its opening day in mainland China cinemas. That figure is the highest single day score achieved by any film worldwide in 2020.The film tells the story of a man who is able to go back in time to save the tragically-shortened life of his young lover, but his ability comes with a heavy price.

Vivienne Chow Human: China’s HiShow Unveils ‘Game Changer’ Production Slate at FilMart URL: HiShow Unveils ‘Game Changer’ at FilMart SEO Head: HiShow Unveils ‘Game Changer’ at FilMart Key phrase: HiShow Unveils ‘Game Changer’ at FilMart By Vivienne ChowChina’s HiShow Entertainment has unveiled a slate of new productions ahead of the first online edition of Hong Kong FilMart.

Rebecca Davis editorAs the global film industry grapples with new forms of online distribution brought about by COVID-19, iQIYI has emerged as China’s frontrunner in the emerging premium video-on-demand (PVOD) sector.The streamer launched a version of its PVOD service last year, but it only started to really take off in 2020 due to the coronavirus.

Dade Hayes editorTikTok, the rapaciously growing social media platform controlled by ByteDance, disclosed the size and surge of its user base for the first time in a lawsuit filed Monday against President Donald Trump.Privately held ByteDance, founded by Chinese internet entrepreneur Zhang Yiming, revealed it has 100 million monthly active users, up from 91.9 million in June and more than double the 39.9 million of last October.

Dade Hayes Finance EditorImax stock surged 9% Monday after the stellar debut in China for The Eight Hundred. The locally produced war epic took in $83 million over the weekend, the biggest Friday-to-Sunday tally for any international release in 2020.Multiple Wall Street analysts have also given Imax shares a boost, reaffirming their “buy” ratings on its shares and noting the company’s unique strategic position as theatrical moviegoing gets back on its feet.

Fall Guys: Ultimate Knockout is making its way onto mobile devices in China, according to a new report.Niko Partners senior analyst Daniel Ahmad shared the news on Twitter, announcing that Chinese entertainment company Bilibili had reportedly “secured the rights to publish a mobile version of Fall Guys: Ultimate Knockout in China”.Check out the tweet below.Chinese games and entertainment company Bilibili has secured the rights to publish a mobile version of Fall Guys: Ultimate Knockout in

IMAX theatres at the Chinese box office continues to exceed our expectations and reinforces our belief that audiences are eager to return to theatres where local guidelines allow,” said Rich Gelfond, CEO of IMAX in a statement.

Rebecca Davis editorChinese war epic “The Eight Hundred” has grossed $88 million as of Saturday, after two days officially in theaters and a week of previews, according to data from industry tracker Maoyan. It is the strongest performance of a new film yet since China reopened its cinemas on July 20.Although cinemas are still only allowed to operate at 50% capacity to encourage social distancing, “The Eight Hundred” made $18.5 million (RMB128 million) on opening day Friday.

Patrick Frater Asia Bureau ChiefChinese war film, “The Eight Hundred” achieved a cumulative box office score of more than $40 million by late afternoon on its opening day, Friday.By 5pm local time, the film had notched up RMB62.7 million or $9.04 million, according to data from China Box Office and Ent Group. That added to $31.8 million of previews earned on Friday last week and the days between Monday and Wednesday this week.The film enjoyed an 86% market share.

Rebecca Davis editorPeter Chan’s hotly anticipated biographical sports drama “Leap” is set to hit China on Sept. 30, becoming the first of the Chinese New Year blockbusters canceled due to COVID-19 to set a theatrical outing.Local animation “Jiang Ziya: Legend of Deification,” which was also originally scheduled to premiere over the lunar new year, will premiere the day after.

Rebecca Davis editorSome moviegoers feel China’s exhibition sector has been unfairly targeted by prolonged closures and excessive COVID-19 prevention measures, Variety found in a WeChat-based survey of cinema patrons.Survey respondents, who participated on the condition of anonymity, felt the protective measures required of cinemas helped to lower the risk of movie-going, but that the exhibition sector had been subject to overly cautious treatment.The vast majority of the 36 respondents —