TikTok Set To Cease Operations In Hong Kong Following China Security Law

Tom Grater International Film ReporterIMAX China has issued a profit warning to the Hong Kong stock exchange with the company having taken a beating from the COVID-19 shutdown this year.The large-format exhibitor said it was forecasting a net loss of $34M-36M for the six months to Jun 30, 2020, in contrast with a net profit of $24M for the same period in 2019.The contributing factors will be no surprise to anyone – the operator was forced to shutdown all of its 700 IMAX theaters in China from

Rebecca Davis editorImax China, the Hong Kong-listed subsidiary of Imax, has warned that it expects a net loss between $34 and $36 million for the first half of the year, as cinema closures in the country due to COVID-19 have slammed exhibition firms. The 2020 figures stand in contrast to a net profit of $24 million in the same period last year.

Rebecca Davis editorParamount Pictures’ “Sonic the Hedgehog” will finally debut on the big screen in China on July 31, becoming the headliner for the second weekend of business for newly reopened cinemas.The film will compete for audience attention with two other animated titles now set to hit screens July 31: a re-release of the 2014 Disney animated film “Big Hero 6,” which grossed $83.8 million in Chinese cinemas in 2015, and new local animation “Mr.

Hong Kong cinemas, along with the Walt Disney Co.'s Hong Kong theme park, have shut their doors again amid a local flareup of novel coronavirus infections. Across the border in the vastly larger mainland Chinese market, rumors that movie theaters would get the official green light to reopen in late July have yet to materialize.

Hong Kong’s controversial new national security law taking force on July 1, scenes once unimaginable in the financial hub have nightmarishly come true: a 15-year-old girl arrested for waving an independence flag; books potentially offensive to China’s Communist Party removed from public libraries; protesters, fearing life imprisonment for wielding slogans, holding up blank sheets of paper — but getting detained anyway.By imposing the law, Beijing is forcibly and abruptly moving its Great

The Walt Disney Co. on Monday announced it would again close Hong Kong Disneyland due to a rise in coronavirus cases in China.

The Walt Disney Co. said Monday it would close its Hong Kong theme park again amid a rising number of novel coronavirus cases in China.

Todd Spangler NY Digital EditorAmazon, which has about 840,000 employees worldwide, has told company staff to delete TikTok from their phones because of security risks, Variety has confirmed.TikTok, the short-form video app owned by Chinese internet company ByteDance, should not be used on any device that can access Amazon’s email system, the company told employees in a memo Friday.

recent talk of banning the app in the United States because of its China-controlled parent company, Sensor Tower found the U.S. was the country with the second-highest installs of TikTok in June — roughly 8.7%.

TikTok might not be accessible to United States users for much longer, as the Secretary of State Mike Pompeo revealed that the country was looking at banning the app.

Rebecca Davis editorHong Kong “Mulan” star Donnie Yen this week reiterated his political loyalty to mainland China as he teased work on the upcoming theatrical adaptation of popular video game “Sleeping Dogs” and announced “Golden Empire,” a new China-backed crime thriller.His hometown is currently roiling under the impact of a controversial new national security law imposed by Beijing that strips Hong Kong of many of its former freedoms, which came into effect July 1 — the anniversary of

noted. Snap’s previous trading high was roughly $19 per share on February 3.TikTok, which established an office in Culver City this January, is owned by Beijing-based Bytedance — and has long raised alarms with national security and privacy experts for its ties to the Chinese government.In a Fox News interview on Monday, Pompeo said the administration was considering an outright ban on apps developed in China.

TikTok and other Chinese social media apps over national security concerns. His remarks come as India banned the app and Australia is considering it.  In an interview with Fox News Channel's Laura Ingraham, Pompeo said «we're certainly looking at it» when it comes to banning TikTok and other Chinese apps.«With respect to Chinese apps on people's cell phones, I can assure you the United States will get this one right too, Laura,» he said.

Todd Spangler NY Digital EditorThe U.S.

Sec. of State Mike Pompeo said that the U.S.