Posts tagged ‘Hollywood’

08/07/2014

Transformers Breaks China’s Box-Office Record as Strategy Shifts – Businessweek

Hollywood long ago stopped asking if it will play in Peoria. Paramount Pictures (VIA), like just about everyone else selling mass-market products, wants to make sure it plays in Chongqing—and the studio’s latest film passed that test. Sometime this week the Transformers reboot will pass $222 million in sales at Chinese theaters, besting a record set by Avatar in 2010. The film, it’s worth noting, is a critical flop that barely topped such other recent blockbusters as Godzilla and Captain America: Winter Soldier in its home market.

Transformers: Age of Extinction

Part of the success can be attributed to the sheer scale of the Chinese movie market. China’s total box office revenue last year surged 27 percent, to $3.6 billion, according to the Motion Picture Association of America. Infrastructure is no longer a challenge for Hollywood’s efforts in the Far East. Transformers: Age of Extinction opened in 4,400 theaters in China, more than the 4,233 locations in the U.S. Paramount’s fighting robots are making more money on a per-theater basis in China as well.

The results are impressive, and they should be since Paramount went to great lengths to prime Chinese crowds to swoon for Optimus Prime and company. Four of the film’s actors were cast via a Chinese reality show, some of the action is actually set in the People’s Republic, and the Transformer’s marketing machine has been churning away in China for weeks.

via Transformers Breaks China’s Box-Office Record as Strategy Shifts – Businessweek.

10/04/2013

* China’s Dalian Wanda Makes a Play for European Movie Theaters

WSJ: “Just months after grabbing a chunk of the U.S. movie-theater market, China’s Dalian Wanda Group Corp. is moving toward becoming a global power in film exhibition, holding talks to purchase a European chain.

The talks follow Wanda’s $2.6 billion purchase last year of the second-largest U.S. chain, AMC Entertainment Holdings Inc., which has nearly 5,000 screens at 344 locations in the U.S. and Canada.

A Wanda spokesman said the conglomerate has held talks to buy a European chain but declined to provide further details.

People familiar with the situation said the conglomerate has shown interest in at least two of the Continent’s largest chains, Odeon & UCI Cinemas Holdings Ltd. and Vue Entertainment Ltd., both based in the U.K. and with thousands of screens in multiple countries. There are other European chains that Wanda could target as well.

In addition to AMC, Wanda operates 1,000 screens in China, the world’s second-largest movie market, and is aiming to expand to 2,000 by 2015, Chairman Wang Jianlin said last year.

Acquiring a big chain in Europe could make Wanda a major player in both ends of the film business; Mr. Wang has said he wants to invest in making movies in China and elsewhere. Wanda representatives have had talks with Hollywood studios about co-financing a slate of U.S. productions, people close to the discussions said.

Owning European theaters also could give the Chinese company significant leverage when negotiating the terms under which it splits box-office revenue with Hollywood studios.”

via China’s Dalian Wanda Makes a Play for European Movie Theaters – WSJ.com.

Law of Unintended Consequences

continuously updated blog about China & India

ChiaHou's Book Reviews

continuously updated blog about China & India

What's wrong with the world; and its economy

continuously updated blog about China & India