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Patrick Frater Asia Bureau Chief EST Studios, the film company established this year by 88Rising co-founder Jaeson Ma and former Vice Media executive Eric Tu, has struck a partnership arrangement with China’s Hugoeast Media. The partnership is looking at an initial slate of eight projects, with EST Studios representing sales at the major film markets including the upcoming Asian Contents and Film Market and Asian Project Market at the Busan International Film Festival. EST will be the exclusive representative for Hugoeast’s titles in North America. In other territories (outside of China) it will handle them on a non-exclusive basis.

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Fotini Paraskakis Launches Asia-Focused Content Firm Empire of Arkadia

Patrick Frater Asia Bureau Chief Veteran media executive Fotini Paraskakis is launching Empire of Arkadia, an Asia-focused content company. The firm expects to unveil its debut slate in time for MIPCOM later this month. Paraskakis is joined in the venture by Japanese media executive Shigeko (Cindy) Chino and former Discovery APAC and EMEA president, Arthur Bastings. The trio describe Empire of Arkadia’s mission as bringing Asian-inspired stories, in both scripted and non-scripted sectors, to the international stage. They will lead with “forwarding-thinking stories that speak to younger generations.”

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Formula One Shifts Gears in Asia-Pacific – Global Bulletin

Patrick Frater Asia Bureau Chief Fresh from a chaotic Singapore Grand Prix on Sunday, TV coverage of Formula One motor racing is set to shift broadcasting partner in Asia-Pacific. Sports Business reports that pay-TV broadcaster beIN Sports is finalizing a multi-year deal beginning in 2023 reaching across most of its Asia-Pacific footprint, but excluding Australia, where Foxtel recently renewed its deal, and New Zealand.

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Korea Box Office: ‘Confidential Assignment 2’ Wins Fourth Weekend

Patrick Frater Asia Bureau Chief Comedy action film “Confidential Assignment 2: International” remained at the top of the South Korean box office for the fourth consecutive weekend. Its enduring success came despite a slew of new releases intended to catch the National Foundation Day holiday weekend traffic. Between Friday and Sunday “Confidential Assignment 2” garnered $2.19 million from 304,000 ticket sales, and a market share of 29%. The weekend earnings lift it to a $43.3 million cumulative since release on Sept. 7, 2022. It is only the fourth film this year to have passed the six million spectators mark and the third Korean film to do so, following “The Roundup” (12.7 million) and “Hansan: Rising Dragon” (7.26 million).

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China’s National Day Holiday Weekend Box Office Registers 70% Slump, ‘Homecoming’ Dominates

Patrick Frater Asia Bureau Chief Patriotic action film “Homecoming” dominated cinemagoing in China over the weekend with a nearly $60 million haul. But the National Day holiday season is in a deep slump compared with recent years. Directed by Rao Xiaozhi, the film is yet another tale of a heroic rescue of Chinese citizens in danger in foreign lands. In this instance, two Chinese diplomats must return to war-torn 2011 Libya to save 125 people who have been left behind. The film opened on Friday and garnered an impressive $59.3 million (RMB421) according to data from consultancy Artisan Gateway. It accounted for a thumping 67% market share. Imax reported that the film had been shot with Imax-certified cameras and that $3 million of the total came from its screens in China.

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Free Stone Adds Quartet to Virtual Sales Slate Ahead of Busan and Tokyo Film Markets

Patrick Frater Asia Bureau Chief Japanese indie sales Firm Free Stone Productions has added a quartet of new titles to its line-up in time for the rights markets in Busan and Tokyo. The company is unable to travel to Busan and will meet with clients virtually at the Asian Contents & Film Market. The TIFFCOM market, which runs alongside the Tokyo International Film Festival later in the month, is anyway a virtual event. Top of the list is “In Her Room,” a romance about a young dentist who embarks on a romance with a mysterious woman but cannot figure her out. The film will play in the Nippon Cinema Now section of the Tokyo festival and have a Japanese commercial release from January. It is the feature debut if Ito Chihiro and stars Iguchi Satoru, Baba Fumika and Kawai Yuumi.

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KC Global Media Embarks on Scripted Series ‘Jonesy’ – Global Bulletin

Patrick Frater Asia Bureau Chief KC Global Media, which operates a string of channels across Asia including AXN, anime channel Animax, South Korea’s ONE and Japanese entertainment channel GEM, has unveiled its first script development of a sci-fi live action series, “Jonesy.” The show is a sci-fi fantasy thriller action-comedy series set in the year 2029, with eight episodes of 15-20 minutes each. Production will be with Singapore-based production agency, Monochromatic Pictures, while development is supported through the Capability Partnership Programme (CPP) operated by the country’s Infocomm Media Development Authority. The show sees an internet crazy shut-in man driven to extremes by violent weather systems which carry with them supernatural beasts intent on devouring humankind. With his imaginary friend, the man learns to navigate the new world alone, confront his fears, battle colorful foes, and become humanity’s new hope when he kills one of the monsters during a livestream.

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Gerhard Zeiler Reassures Asia on Warner Bros Discovery’s Post-Merger, Growth Strategy

Patrick Frater Asia Bureau Chief Gerhard Zeiler, president of International at Warner Bros. Discovery, has moved to reassure the Asia-Pacific region that it is an integral part of the group’s post-merger strategy. “Don’t believe that we don’t know how important Asia is for our company, he said Thursday. Zeiler was speaking at the APOS Convention in Singapore on Thursday. He cited examples of theatrical success for “Batman” and “Fantastic Beasts” in the region and investment in local production in the region. The reassurance may have been necessary following post-merger announcements that proposed changes in North America, Latin America and Europe ahead of Asia – despite recent external data showing Asia-Pacific as one of the world’s fastest growth regions.

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Hong Kong’s ‘Limbo’ Leads Golden Horse Award Nominations Despite China Boycott

Patrick Frater Asia Bureau Chief Soi Cheang Pou-soi’s crime thriller “Limbo” is the front-runner in the Golden Horse Film Awards, with 14 nominations. It is narrowly ahead of Taiwan-produced “Coo-Coo 043” and “Incantation,” which both have 13 nominations. All three films compete for the best feature award, best director, supporting actor, art direction, makeup and costume design, original film score, film editing and sound effects. The Taiwan-based Golden Horse Awards have long been considered as the most prestigious prize race for Chinese language films, but they have been boycotted by mainland Chinese films and filmmakers for the past three years on the order of mainland Chinese authorities. This followed a pro-Taiwan independence speech given from the stage in 2018 by a local prize winner.

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‘Good Recession’ Is on its Way, Warns Media Financier Joe Ravitch

Patrick Frater Asia Bureau Chief Further media industry upheaval is on the cards, as the world exits from COVID and heads towards possible recession, warned financier and media advisor Joe Ravitch. “A lot of trends are now being reversed,” said Ravitch, partner and co-founder of Raine group. He was speaking at the APOS conference in Singapore, where U.S.-based Raine has recently opened a local office. Where the pandemic kept people indoors and online, since the loosening of health restrictions theatrical cinema, theme parks, concerts, gyms and in-person sport and music events have rebounded. People’s online behavior has also been altered.

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Asian Streamer Viu Approaches Profitability, Orders Slate of Original Series

Patrick Frater Asia Bureau Chief Asian streaming firm Viu is approaching profitability by staying its lane and sticking with the business principles that have made it a regional success story – Asian content, AVOD and SVOD models under one roof, and resistance to over-expansion. “The industry for streaming has matured very rapidly [in part due to COVID],” said CEO Janice Lee, speaking Wednesday at the APOS convention in Singapore. “But what makes Asia different is that Asia has not yet reached mature market status.” After some six years in business Viu is now EBITDA positive. “We always been focused on monetization. Our AVOD-SVOD mix remains the sustainable model,” said Lee, who also confirmed the company has been able to raise subscription prices in selected markets. The launch of advertising-supported models is now a direction being embraced by the sector giants Netflix and Disney.

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Kevin Mayer Breaks Down Candle Media Investment Strategy: Targeting Content Firms With Well-Defined Audiences and Commerce Potential

Patrick Frater Asia Bureau Chief Kevin Mayer says that the investment strategy at Candle Media, the hard-charging entertainment startup that he heads with Tom Staggs, is product of his career time at Disney and TikTok. While those two companies are behemoths and Candle Media a newcomer, the claim is not as outlandish as it seems. At Disney, Mayer was largely responsible the launch of the direct-to-consumer streaming businesses that became Disney+. And as Disney, Pixar and other group content was made exclusive and contained within a walled garden, it stoked demand for premium independently-made content. Candle Media sets its sights on becoming just such a supplier.

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Asia Online Video Growing as Free TV Revenues Move Into Secular Decline

Patrick Frater Asia Bureau Chief Online video is taking up the role of growth engine for the Asia Pacific video industry as free-TV in the region moves into long-term decline, says a new report. The video sector is forecast to remain robust this year, but recession could deal a blow to sector performance in 2023. Video sector revenues – defined as subscription fees and advertising generated by free TV, pay-TV and online video platforms – in 14 Asia-Pacific markets are forecast to will grow by 6.4% in the current year to reach $143 billion, according to Media Partners Asia.

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Samuel Goldwyn Head Weighs in on Controversial India Oscar Selection and ‘RRR’ Snub, Calls ‘The Last Film Show’ a ‘Strong Contender’

Patrick Frater Asia Bureau Chief U.S distributor Samuel Goldwyn Films president Peter Goldwyn has weighed in on the backlash to India’s selection of its competitor for this year’s best international film race at the Oscars, calling candidate “The Last Film Show,” which it will release in North America, “a really strong contender.” Directed by Pan Nalin (“Samsara,” “Valley of Flowers”), the Gujarati-language film is the story of a nine-year old boy pursuing his dreams in cinema. It debuted at the Tribeca Festival in 2021 and has since played fests in Palms Springs, Seattle and Mill Valley. “Last Film Show” will have its commercial release in Gujarat, India on Oct. 14, 2022, giving it the necessary qualifying theatrical run in its home territory.

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Beach House Pictures Launches Riverland India Unit With Raghav Khanna (EXCLUSIVE)

Patrick Frater Asia Bureau Chief Singapore-based production group Beach House Pictures has teamed up with executive Raghav Khanna to launch new unit Riverland Entertainment in Mumbai, India. The newly-formed production company will develop a slate of unscripted series and documentaries from India. It will do so by partnering with local Indian talent to create content intended for global and Indian audiences, while also leveraging Beach House Pictures’ international expertise and reach, and with access to Beach House’s post-production facility, Space Lion Studios. Khanna, who is a former head of Netflix’s documentary production in Asia-Pacific, is set as MD of the new operation. He will work closely with Beach House Pictures founders Donovan Chan and Jocelyn Little.

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Korea’s CJ ENM Buys Stake in U.S. Tech Firm AmazeVR

Patrick Frater Asia Bureau Chief South Korean entertainment leader CJ ENM has invested in U.S.-based virtual reality concert platform AmazeVR. The move is intended to enhance the group’s presence in the metaverse and expand opportunities for K-Pop and unscripted content. AmazeVR claims to be the first and only company using its exclusive and proprietary technology, to capture hyper-real 9K+ live-action footage of artists performing. This gives fans front-row seats in 3D stage environments, making VR concerts easily scalable and faster to produce. AmazeVR has previously put on concerts with Megan Thee Stallion and worked with Korean girl group Aespa on real world and virtual concerts. It recently formalized a joint venture with Korean talent agency SM Entertainment to produce upcoming VR concerts for other K-Pop artists.

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Kylie Munnich Hired as CEO of Australia’s Goalpost Pictures

Patrick Frater Asia Bureau Chief Veteran film executive Kylie Munnich has joined leading Australian independent producer Goalpost Pictures as its CEO. She takes up the newly-created position from Nov. 1, 2022, after recently departing from Screen Queensland, which she headed for the past three years. Prior to Screen Queensland, Kylie worked as a scripted sales and co-production executive for Seven Studios, Australia. Before that, she was senior VP for distribution Asia-Pacific for Sonar Entertainment overseeing sales for premium drama series such as Tom Hardy’s “Taboo” and Pierce Brosnan’s “The Son.”

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China Box Office Slows to Crawl Speed Ahead of National Day Holiday

Patrick Frater Asia Bureau Chief China recorded an unchanged top five films and its weakest box office weekend since Chinese New Year. Nationwide gross box office was just $18.6 million. Comedy drama film “Give Me Five” held on to the top spot for the third week, with a weekend score of $6.3 million (RMB43.3 million), according to data from consultancy Artisan Gateway. It now has a cumulative of $46.4 million since release on Sept. 9, 2022. The film is the story of a young man who is helping his father rediscover his lost memories. As he does so, he is transported back in time and accidentally alters his parent’s pasts. That means he must reunite the pair or risk never being born. It stars Ma Li Chang Yuan and Wei Xiang and is directed by Zhang Luan.

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Sally Aitken and Aline Jacques Launch SAM Content With Quartet of Australian Film and TV Shows (EXCLUSIVE)

Patrick Frater Asia Bureau Chief Sally Aitken a two-time Emmy nominated writer and director (“Playing with Sharks”) and producer and media executive Aline Jacques (“Lindy Chamberlain: The True Story”) have launched SAM Content. The Sydney-based independent production company will develop and produce all genres of unscripted and scripted projects for local platforms and the international marketplace. They open their doors with four film and TV shows in production with Australian broadcasters and screen agencies. They include an untitled Wiggles project in partnership with Augusto Entertainment’s Cass Avery and Daniel Story, and with funding from federal screen agency Screen Australia. The Wiggles is a successful children’s musical group that has been on the scene for 30 years and has been involved with both TV and film.

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‘Alice in Borderland’ Trailer Is Star of Netflix’s Tudum Japan Reveal

Patrick Frater Asia Bureau Chief A new trailer for the second season of futuristic fantasy actioner Alice in Borderland was the highlight of a slate of Japanese film, series and cartoons unveiled by Netflix on Sunday as part of its Tudum fan experience. Japanese content is doing well for the streamer, both within the country which is Netflix’s most valuable in the Asia-Pacific region, and increasingly overseas. Though the country is awaiting its “Squid Game” breakout show, the company has signaled that it is investing more in the Japanese-language category. The Sunday presentation included a group interview segment in which Yamazaki Kento and Tsuchiya Tao, who play Arisu and Usagi from “Alice in Borderland,” Mori Nana and Deguchi Natsuki who play Kiyo and Sumire in “The Makanai: Cooking for the Maiko House,” and Ai Fairouz , voice actress for Jolyne Cujoh in “JoJo’s Bizarre Adventure: Stone Ocean,” talked about their personal growth and shared thoughts on now reaching fans all over the world.

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Netflix Teases More ‘Hellbound’ and ‘Money Heist: Korea’ at Tudum Fan Presentation

Patrick Frater Asia Bureau Chief Full and proper confirmation of a second season of mystery horror series “Hellbound” was high on the agenda of Netflix’s consumer-oriented Tudum presentation. Korean shows have repeatedly achieved top ratings among the streamer’s non-English roster, and last November’s release of “Hellbound” was the show that finally edged aside “Squid Game” after several weeks of breakthrough success. (The Tudum presentation offered “Squid Game” fans some extra footage that confirmed the identity of the mysterious ‘front man’. Take a look here.) “Hellbound” is derived from a webtoon created by series director Yeon Sang-ho, who previously directed “Train to Busan” and “Peninsula.” It featured otherworldly angels who emerged to condemn individuals to hell at a specific future time, minutes or years away.

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