Frater Asia: Last News

Patrick Frater Asia Bureau Chief Bytedance, the unlisted Chinese tech giant that owns TikTok, is poised to slash part of its games operations, including Nuverse, which publishes ‘Marvel Snap,’ according to financial news sources. News was reported by Bloomberg, Reuters and other tech news providers The Information and The Verge on Monday that Bytedance will retreat from its mainstream video games operation with the loss of some 1,000 jobs. “We regularly review our businesses and make adjustments to centre on long-term strategic growth areas,” a ByteDance representative said in a statement sent to some media. “Following a recent review, we’ve made the difficult decision to restructure our gaming business.” Variety has also reached out to Bytedance for comment. Nuverse, the unit for most of Bytedance’s games, is understood to have told employees that it will halt nearly all games that have not yet launched.

Patrick Frater Asia Bureau Chief Television Broadcasts (TVB), long the dominant free-to-air TV operator in Hong Kong is to dismiss 300 staff, or 8% of its already reduced workforce, in a further cost cutting move. The company said in a regulatory filing on Monday that it will shed 200 staff from its program production operations, merge two of its five channels and reduce its Zstore e-commerce business, with the loss of an additional 100 jobs. The moves, some of which require regulatory approval, are the second staff reduction to be announced this year. In March, TVB cut 255 employees, taking its headcount to 3,600 as of June.TVB is proposing to merge its J2 channel (offering content and programs aimed at a young audience) with its TVB Finance, Sports & Information channel and to create TVB+.

Patrick Frater Asia Bureau Chief The Philippines’ ABS-CBN is to launch its new series “The Bagman” at next month’s ATF market in Singapore. Series star Arjo Atayde will attend as part of the promotional team. “The Bagman” is a spin-off from the original, locally-produced digital series “Bagman” that was aimed at the Filipino audience.

Patrick Frater Asia Bureau Chief Multi-territory European cinema operator, Pathe Cinemas has expanded its existing deal with premium large format technology company Imax. The new agreement sees the addition of five new Imax With Laser systems in Europe, including four in France.

Patrick Frater Asia Bureau Chief Chinese films “Trending Topic” and “The Invisible Guest” will be given theatrical releases in Malaysia and Singapore in the coming month. This step follows agreements between Chinese streamer iQiyi and Malaysian cinema chain GSC and Singaporean distributor Clover Films.

Patrick Frater Asia Bureau Chief China’s nationwide annual box office passed the symbolic $7 billion and RMB 50 billion marks in recent days, confirming a decent, but still incomplete recovery of the theatrical cinema industry. According to consultancy Artisan Gateway, the running box office total to Nov. 26 was $7.15 billion.

Patrick Frater Asia Bureau Chief Korean drama “12.12: The Day” brought life back to South Korean cinemas with a powerful $11 million opening weekend. Directed by Kim Sung-soo and starring the reliable Hwang Jung-min and Jung Woo-sung, the film recounts a nine-hour period in 1979 in which a military coup was attempted. It is understood to be based on real events, but with a fictional telling. It earned $11.2 million between Friday and Sunday accounting for four out of every five tickets sold in the country.

Patrick Frater Asia Bureau Chief The husband and wife team of Otsuka Ryuji and Huang Ji, who worked with a minimalist crew and mostly non-professional actors, gave a round of thanks to Asian leading auteurs for inspiring them, and then hugged each other on stage for winning the Taipei Golden Horse Film Awards best narrative feature prize with their pregnancy drama “Stonewalling.” The numerical winner on Saturday night was “Old Fox,” which earned the best director award for Hsiao Ya-chuan, as well as the best supporting actor, makeup and costume, and best film score prizes. The nominations, announced in October, saw “Snow in Midsummer” collect nine nominations and Taiwan‘s Oscar contender “Marry My Dead Body” head the field with eight.

Patrick Frater Asia Bureau Chief The Taipei Golden Horse Film Festival drifted to a conclusion in midweek, with project awards presented on Wednesday, followed by Thursday’s festival closing events. These involved a screening of portmanteau film “Tales of Taipei” followed by a sit-down dinner-cum-ceremony with a breezy pair of speeches and no prizes. The film fortnight then sprang to life again on Saturday evening when the 60th edition of the Golden Horse Film Awards represented a new climax.

Patrick Frater Asia Bureau Chief “Wellington Paranormal,” the series spinoff from 2014 breakout hit film “What We Do In the Shadows,” is launching an audio companion piece. It is produced by Frank Podcasts, a new New Zealand-based podcast network, headed by Mike Minogue and Tim Batt. The podcast will feature actors, writers, directors and more, delving into the making of the Jemaine Clement produced and Taika Waititi executive produced TV series, “Wellington Paranormal.” The show is hosted by Minogue (who played Officer Minogue in the series) and Karen O’Leary (Officer O’Leary), with Maaka Pohatu (Sarge) and Tom Sainsbury (Officer Parker) as recurring guests.

Patrick Frater Asia Bureau Chief Mirror, the Hong Kong boy band that shot to fame in 2018 but had its live career cut short by a tragic on-stage incident, will return to in-person live performances in January. The 12-piece band will play 16 shows at the Asia World Expo auditorium, one of Hong Kong’s largest venues, as part of their ‘Mirror Feel the Passion Concert Tour 2024.’ They will perform Jan. 15-17, 19-22, 24-27, 29-31, and Feb.

Patrick Frater Asia Bureau Chief Producer and screenwriter, Darren Dale has been named as the new board chair of the Sydney Film Festival, following the retirement of Dianne Weir. He is a leading advocate for Aboriginal and Torres Strait Islander content and has been director of Blackfella Films since 2000.

Patrick Frater Asia Bureau Chief Marco Mueller, the veteran film festival curator and director, is set to launch a new festival and market in Macau. It will have its first edition in January. The Asia-Europe Young Cinema Festival, running Jan.

Patrick Frater Asia Bureau Chief “Chewing Gum” was named winner of the NT$1 million Grand Prize, the top award at the 2023 Golden Horse Film Project Promotion production event. Other prizes were awarded for works in progress and for TV series. The winners were announced at a ceremony on Wednesday at the New Horizon Event Space in Taipei, Taiwan.

Patrick Frater Asia Bureau Chief Chen Shaojie, the chairman and CEO of leading Chinese gaming live-streaming platform Douyu, has been arrested. The NASDAQ-listed company confirmed the previously-reported news in a regulatory filing late on Tuesday. DouYu said that it was informed that Chen was arrested by police in Chengdu “on or about Nov. 16.” Reputable Chinese and international media previously reported that he had been missing for at least three weeks and had been away from public view since August. In China, suspects in criminal cases are often detained for weeks or months prior to their formal arrest.

Patrick Frater Asia Bureau Chief The QCinema Project Market, the industry initiative that accompanies The Philippines’ QCinema International Film Festival, revealed its winners list on Tuesday delivering almost $500,000 of grants and in-kind support. The prizes followed a two-day networking and pitching event on Nov. 18 and 19 for 19 feature-length fiction film projects from Southeast Asia.

Patrick Frater Asia Bureau Chief BTS, the biggest act in K-pop and one of the world’s hottest contemporary music acts, will be forced into hiatus through 2024 and much of 2025 after it was confirmed Wednesday that four band members — RM, Jimin, V and Jung Kook — will imminently enlist in the Korean military. The four follow Jin, who enlisted in December last year, J-Hope (April) and Suga, who have already begun their mandatory military service. The news was announced by Big Hit Music via social media.

Patrick Frater Asia Bureau Chief Cannes’ Directors Fortnight section has joined forces with The Philippines for the latest edition of its Directors Factory professional training program. Operating since 2013, when it kicked off in Taiwan, the Directors’ Factory works with a new partner country each year to mentor eight budding filmmakers who are preparing ambitious first or second feature projects that they will make in pairs. The four resulting co-written and co-directed short films will be screened as part of the Directors’ Fortnight (aka Quinzaine des Cineastes) in May. Four pairs were selected in Manila in October: Eve Baswel (Philippines) and Gogularaajan Rajendran (Malaysia); Maria Estela Paiso (Philippines) and Ashok Vish (India); Arvin Belarmino (Philippines) and Lomorpich Rithy (aka YoKi) (Cambodia); Don Josephus Raphael Eblahan (Philippines) and Tan Siyou (Singapore). They have now begun writing their screenplays and are expected to shoot their films March in Dapitan, a city in The Philippines’ Zamboanga Peninsula, known for its many shrines and as the place of exile of Philippines’ national hero, Jose Rizal. These days it is a hub for domestic and international tourism. Post-production of the four titles will then be hosted in Quezon City, which seeks to become the new film capital of the Philippines and where many of the country’s post-production houses are already based. The program is operated and co-produced by Epicmedia Productions of The Philippines and Dominique Welinski, founder and curator of DW (France).

Patrick Frater Asia Bureau Chief EST Media, the Asian-focused film and video group, hatched by Jaeson Ma and former Vice Media executive Eric Tu, is now diversifying into publishing. It is launching EST Articles under its Eastern Standard Times journalism banner. The digital-only publication is “dedicated to exploring the voices and stories of the Asian and Asian diaspora communities through written medium to long-form, in-depth articles,” EST Media said.

Patrick Frater Asia Bureau Chief iQiyi, the NASDAQ-listed Chinese streaming firm, confirmed its recent swing from loss to profitability with a July-September quarter that saw revenue and profits growth even as subscription numbers dipped fractionally. Net income attributable to iQIYI was RMB476 million ($65.2 million), compared to a net loss of RMB396 million in the same period in 2022, the company said in a filing on Tuesday. Using the company’s preferred non-GAAP statement of its accounts, net income was RMB622 million ($85.3 million), compared to non-GAAP net profits of RMB187 million in the same period last year. Total revenues in the period were RMB8.0 billion ($1.1 billion), a 7% year over year increase. Within that figure, subscription revenue was RMB5.0 billion ($687 million), up 19% year over year.

Patrick Frater Asia Bureau Chief Leading Korean star Jung Woo-sung (“A Moment to Remember”) will star opposite Shin Hyun-been (“Hospital Playlist”) in “Tell Me That You Love Me,” an original series for Genie TV. The show is a remake of the hit Japanese series of the same name that first aired at Tokyo Broadcasting Systems linear channel in Japan some 28 years ago in 1995. The new show will upload to Genie’s own streaming service on Nov. 27 and the same day in Japan on Disney+.