‘Co-Production’ Tag
Beijing Film Market Touts $1.7 Billion In Deals Signed
Beijing, April 19th (Hollywood Reporter)

Transactions for a total of 32 projects were signed, up 20 percent on last year.

Organizers of the Beijing Film Market of the 4th Beijing International Film Festival (BJIFF) said the figure for transactions signed included $610 million (3.803 billion yuan) for film production, up 22 percent on last year.

There were $550 million (3.4 billion yuan) in deals for the construction of theaters and movie production bases, while the remainder went into other deals including film foundation projects.

The festival saw Paramount Pictures agree to link up with Chinese state film company China Film Group to co-produce a new 3D fantasy/action movie Marco Polo, with shooting due to begin in October this year.

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Source: Hollywood Reporter

Paramount Links Up With China Film Group to Co-Produce 3D Fantasy Action Movie ‘Marco Polo’
Beijing, April 18th (Hollywood Reporter)

The co-production news comes days after the state-owned film company announced an “eight-figure” equity investment in two projects by Legendary Entertainment.

Paramount Pictures will link up with Chinese state film company China Film Group to co-produce a new 3D fantasy-action movie Marco Polo, with shooting due to begin in October this year.

Marco Polo, based on the 14th century Italian merchant who was one of the first Europeans to travel in China, will be directed by an experienced action adventure director from the U.S. and feature a cast of Hollywood stars and tier-one actors and actresses from China, the two companies said in a statement.

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Source: Hollywood Reporter

Foreign film studios see slow progress in China
Beijing, March 17th (Want China Times)

Six major US film studios have set their sights on mainland China, but they appear to know little about the market despite sending individuals to China two decades ago to discover and build an entertainment system similar to Hollywood, reports the Shanghai-based China Business News.

NBC Universal, the parent company of Universal Studios, announced in November last year that it will establish an independent office and pursue more co-productions in China, while Warner Bros has seen success in China by importing films such as the 1993 US thriller The Fugitive, and most recently the sleeper hit Gravity.

As the studios first tried to establish themselves in China many years ago, the paper interviewed a number of individuals about their experiences working in the Chinese market, as well as what they thought about Hollywood’s past and future in China

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Source: Want China Times

Shanghai Film Group Close to Sealing Major Deals With U.S. Studios (Report)
Beijing, January 20th (Hollywood Reporter)

SFG chief Ren Zhonglun said the studio is in talks about involvement in the “Spider-Man” and “Iron Man” franchises, while Chinese superhero film “Rise of the Terracotta Warriors” is closer to fruition.

Shanghai Film Group, China’s second-largest film studio, is in advanced talks on teaming with U.S. studios on major film projects, president Ren Zhonglun told a newspaper.

He said the state-owned group was reaching a “critical stage” of cooperation with a number of major U.S. studios, including Paramount Pictures and Disney’s Marvel, on high-end global projects.
“Even in the last month of 2013 and the first month of this year, there have been people from Paramount and Marvel and Pinewood Studios coming to talk to us ‘to throw the embroidery ball,’” Ren told the Shanghai Morning Post newspaper, using a Chinese idiom which means “to choose a partner.”

Source: Hollywood Reporter

China: Hollywood Hopes 2014 Is the Year of the Co-Production
Beijing, December 16th (Hollywood Reporter)

“There is a lot of froth,” says Relativity’s Ryan Kavanaugh of his studio and Legendary’s earlier efforts — but new reforms and a push from John Woo and Bruno Wu are giving the industry hope.

Are the seeds of China co-productions finally going to bear fruit?

Two years ago, it seemed there was a new co-production announcement every week. U.S. studios such as Legendary Entertainment and Relativity Media generated tons of attention because “co-prod status” would have given their movies special access to China and enhanced revenue-sharing.

But Legendary failed to gain traction on the Hong Kong stock exchange, and while Relativity’s links to China-focused investor IDG have been a success, the company has not delivered a global blockbuster. A raft of superhero projects with Chinese elements still are waiting to suit up, including Stan Lee’s The Annihilator with state-run fund manager National Film Capital and X-Men and Transformers writer-producer Tom DeSanto’s Gods, which would have drawn on classic Chinese literature.

Source: Hollywood Reporter

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