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17.08.2023 / 13:17

China Box Office Reaches All-Time Summer Record, With Minimal Help From Hollywood

Patrick Frater Asia Bureau Chief The box office in mainland China reached an all-time high in the summer season, according to figures from ticketing agency Maoyan Entertainment. The record was achieved with minimal input from Hollywood.

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17.08.2023 / 07:11

Ando Momoko Set as Ambassador for Tokyo Film Festival – Global Bulletin

Patrick Frater Asia Bureau Chief Noted Japanese director Ando Momoko (“Kakera: Pieces of Our Life,” “0.5mm”) has been named as the ambassador for this year’s Tokyo International Film Festival. She also features, alongside her father Okuda Eiji in the festival’s newly-released poster, which recreates a scene from Ozu Yasujiro’s “Tokyo Story” and in which Okuda and Ando represent the classic film’s Ryu Chishu and Hara Setsuko characters. The poster image, shot at the rooftop garden of Kitte Marunouchi Building, with Tokyo Station in the background, was designed by Koshino Junko, who has created the festival’s key visuals for the past three years.

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17.08.2023 / 05:05

APOS Conference to Focus on Disruption, Value Creation in Asian Entertainment Industry

Patrick Frater Asia Bureau Chief With the global entertainment industry still rocked by the impact of streaming, the pandemic – and Hollywood’s twin strikes – the APOS conference will next month examine disruption and the responses to it from a senior executive Asian perspective. After being held virtually during the COVID era and then last year making a stop in Singapore, the conference itself will return to Bali, Indonesia, and be held 26-28 Sept.

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16.08.2023 / 10:23

China’s Tencent Grinds Out Profits Increase in Second Quarter, as Local Games and Economy Slow

Patrick Frater Asia Bureau Chief Tencent, the Chinese games, social media and streaming giant, reported further quarterly profits recovery after a dire 2022. But its revenues for the April-June period missed financial analysts’ expectations and point to continued weakness in the Chinese economy. Group revenues for the period were RMB149 billion ($20.6 billion), representing an 11% year-on-year growth, but a 1% quarter-on-quarter decline.

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16.08.2023 / 09:11

Korean Police Allege Box Office Rigging of More Than 300 Movies

Patrick Frater Asia Bureau Chief South Korean police said on Wednesday that they had found evidence that the box office performance of 323 films over the past five years had been inflated. Seoul Metropolitan Police said that, as a result, they had referred 69 people from major exhibition chains and 24 film distribution companies to prosecutors.

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15.08.2023 / 15:39

Tencent Music Passes 100 Million Subscriber Landmark as Quarterly Profits Soar

Patrick Frater Asia Bureau Chief The number of paying streaming subscribers at China’s Tencent Music Entertainment hit 100 million in the June, the company said Tuesday as it revealed its second quarter financials. Subscriber numbers increased by 20% year on year and by 5 million quarter on quarter, to hit 99.4 million, the company said. That increase helped quarterly revenues from music subscriptions to rise by 37% year-on-year to RMB2.89 billion ($399 million).

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15.08.2023 / 09:57

Lucasfilm’s Industrial Light & Magic to Close VFX and Animation Facility in Singapore Due to ‘Economic Factors Affecting the Industry’

Patrick Frater Asia Bureau Chief Disney-owned Lucasfilm/ Industrial Light & Magic is to close its VFX and animation facility in Singapore, where more than 300 people are employed. The company points to changes in the global entertainment industry as a factor behind the decision. “Over the next several months, ILM will be consolidating its global footprint and winding down its Singapore studio due to economic factors affecting the industry,” Disney said in a statement emailed to Variety.

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14.08.2023 / 09:28

Korea Box Office: Lee Byung-hun’s ‘Concrete Utopia’ Wins Weekend

Patrick Frater Asia Bureau Chief Lee Byung-hun-starring disaster movie “Concrete Utopia” topped the South Korean box office over the latest weekend, replacing female led crime caper “Smugglers.” Directed by Um Tae-hwa, “Concrete Utopia” is set in a Seoul that has been largely destroyed by a massive earthquake. One building stands tall among the wreckage and becomes a refuge for those already inside, but the inhabitants must fend of the unwanted attentions of outsiders. It opened on Wednesday, earning $8.40 million between Friday and Sunday and fully $11.3 million over its full opening five days, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic).

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14.08.2023 / 05:35

China Box Office: ‘No More Bets’ Beats ‘Barbie’ to World-Leading Weekend Haul

Patrick Frater Asia Bureau Chief Chinese crime action movie “No More Bets,” not “Barbie,” was the best performing film in the world this weekend. Comscore calculates that “No More Bets,” earned $88 million between Friday and Sunday in China alone. That figure is greater than the $33.7 million that “Barbie” earned in its fourth weekend of release in North America and the $45.1 million that it earned in international territories (for a global, weekend total of $78.8 million).

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11.08.2023 / 07:45

‘The Killing Vote’ Korean Crime Drama Series Launched by Prime Video

Patrick Frater Asia Bureau Chief Amazon-owned Prime Video has launched “The Killing Vote,” a hardboiled crime drama series from Korea. The 12-part show uses the premise that a text message is sent to ordinary citizens who get to vote for or against the application of the death penalty in individual criminal cases. If more than 50% vote in favor, the criminal is killed by a mysterious character called Dog Mask.

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10.08.2023 / 13:07

Hamaguchi Ryusuke’s ‘Evil Does Not Exist’ Sets North American Distribution After Venice Competition, Toronto Debuts

Patrick Frater Asia Bureau Chief “Evil Does Not Exist,” the new drama film by “Drive My Car” director Hamaguchi Ryusuke, has been picked up for North American release by Sideshow and Janus Films. The title will have its world premiere in competition at the Venice festival before playing as a special presentation in Toronto and the main slate of the New York Film Festival. Sideshow and Janus Films, which acquired all North American rights, expect to release the film in theaters after a run of top festivals.

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10.08.2023 / 11:23

Netflix Adds to Slate of Japanese Unscripted TV Shows

Patrick Frater Asia Bureau Chief Netflix is further expanding its slate of unscripted TV content from Japan, its most lucrative market in East Asia. The new shows cover the reality, variety and dating genres. “We’re excited to move into a new phase of our content strategy, ramping up our investments in unscripted and bringing new concepts to the screen.

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10.08.2023 / 10:07

‘Lost in the Stars’ Helps Alibaba Entertainment Businesses Towards Quarterly Profits

Patrick Frater Asia Bureau Chief Box office hit “Lost in the Stars” was a contributor to the April to June profits recorded by Chinese tech giant Alibaba’s digital media and entertainment division. The division, which spans streaming, ticketing, film production and distribution and web browser, recorded earnings before interest, taxation and amortization (EBITA) of $9 million (RMB63 million). That follows many years of losses, including $126 million (RMB907 million) of EBITA losses in the equivalent quarter last year.

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10.08.2023 / 07:19

Indonesia Becomes Southeast Asia’s Biggest Content Market, Buoyed by Forecast of Strong Online Growth – Study

Patrick Frater Asia Bureau Chief The video industry in Indonesia is set for rapid growth over the next five years as online services overtake conventional TV’s market share, according to new study. Total video industry revenues (free TV, pay-TV and online video) are expected to grow at 8% compound average growth rate, according to a briefing by Singapore-based research firm Media Partners Asia. The researcher forecasts the market expanding from $2.5 billion in the current year to £3.7 billion in 2028.

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10.08.2023 / 06:01

Enhypen-Backer, Belift Lab Acquired by K-Pop Giant Hybe

Patrick Frater Asia Bureau Chief Hybe Corp., the Korean pop music giant behind BTS, has further expanded the scale of its empire by buying out its partner in Belift Lab, the firm backing another K-pop powerhouse Enhypen. The company said that it has signed an agreement to acquire CJ ENM’s 51.5% stake in Belift. Deal terms were not disclosed.

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10.08.2023 / 04:15

Lebanon, Kuwait Poised to Ban ‘Barbie’ for Promoting Homosexuality

Patrick Frater Asia Bureau Chief Lebanon, once thought of as among the most liberal parts of the Middle East, is poised to ban global hit movie “Barbie.” More conservative Kuwait said Wednesday that it had gone ahead with a ban due to its promotion of homosexuality. Lebanon’s culture minister Mohammad Mortada said on Wednesday that the Warner Bros. film was found to “promote homosexuality and sexual transformation” and “contradicts values of faith and morality” by diminishing the importance of the family unit.

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09.08.2023 / 04:45

Pictures Division Decreases Weigh on Sony Group’s Quarterly Results

Patrick Frater Asia Bureau Chief Significant decreases in profits at the pictures division and financial services led Japanese electronics and entertainment conglomerate Sony to reveal corporate-wide revenues that increased by a third, but net profits that slipped by 17%, for the first quarter of its financial year. In the April to June period group revenues weighed in at JPY2.23 trillion (up 33% year on year) or $21.6 billion at current rates of exchange.

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08.08.2023 / 12:17

Hybe Revenues Boom in First Half Year, as BTS’ V Readies Solo Album, Suga Enlists in Korean Military

Patrick Frater Asia Bureau Chief Hybe, the Korean music and entertainment firm, achieved record revenues in the first half of the year as album sales climbed and live performances took off. This was achieved despite the hiatus being forced on BTS, the company’s most famous K-pop act, by its band members’ military enlistment. On Tuesday, Suga, who had his first solo music tour earlier this year, became the third member of BTS to begin his compulsory military service.

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07.08.2023 / 10:25

Several Hundred Sex Abuse Allegations at Japanese Talent Agency Johnny & Associates ‘Deeply Alarm’ United Nations Inspectors

Patrick Frater Asia Bureau Chief A team of United Nations inspectors has said it is “deeply alarmed” by the allegations of sexual abuse that may have taken place at leading Japanese talent agency Johnny & Associates. Abuses may have involved “several hundred” talents, according to the org. The United Nations Working Group on Business and Human Rights began its first official visit to Japan last month and concluded 12 days of meetings and interviews last week.

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07.08.2023 / 02:41

China Box Office: ‘No More Bets’ and ‘Meg 2’ Split Meaty Weekend Total

Patrick Frater Asia Bureau Chief “Meg 2: The Trench,” the second instalment in the Chinese-financed giant shark franchise, was the top film worldwide over the weekend. But in its China home market “Meg 2” was beaten by strong previews of “No More Bets.” Nevertheless, the arrival of two popular films at the top of the chart meant that China enjoyed its third highest box office weekend of the year, with a $185 million haul. That score is the strongest weekend of 2023 outside the Chinese New Year holiday season.

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07.08.2023 / 01:31

Korea Box Office: ‘Smugglers’ and ‘Ransomed’ Dominate Weekend, Lift Local Films’ Market Share

Patrick Frater Asia Bureau Chief Ryu Seung-wan’s female-led crime caper “Smugglers” topped the South Korean box office for a second weekend, ahead of new release title “Ransomed.” “Smugglers” enjoyed a strong hold in its second weekend of release and commanded 42% market share. It delivered $7.09 million, a drop of only 20% on its opening weekend, giving a 12-day cumulative of $26.2 million, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic).

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