‘Media Industry’ Tag
China: Landmark Reform Plans Call for Anti-Piracy Court
Hong Kong, November 18th (Hollywood Reporter)

In the biggest policy overhaul in three decades, the Communist leadership also urges more private input and ownership in the cultural arena.

Plans for a new court to protect intellectual property rights and reform of state companies in the cultural arena to allow greater private input were among the Hollywood-friendly reforms announced in a landmark 60-point roadmap by China’s ruling Communist Party.

The reform plan, seen as the biggest program of change in more than 30 years in China, also includes major social reform, including an easing of the One Child Policy and the abolition of “re-education through labor” camps.

The reform outline was issued several days after a four-day, closed-door conclave of its top leaders earlier this month, and contains unprecedented policy shifts. It’s a strong sign that President Xi Jinping has asserted his authority at the helm of the world’s second-biggest economy.

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Source: Hollywood Reporter

In the Global Movie Business, China Aims for a Starring Role
Philadelphia, October 29th (knowledge.wharton)

Chinese Titan Takes Aim at Hollywood,” said a New York Times report last month, referring to the plans of Wang Jianlin, China’s wealthiest investor and founder of the $30 billion real estate group Dalian Wanda, to build a movie-themed real estate project in the upscale seaside town of Qingdao. Price tag: 50 billion Yuan ($8 billion). “It is estimated that China’s film box office revenue will surpass North America’s by 2018 and will double it by 2023 — that is why I believe the future of the world’s film industry is in China,” the Times quoted Wang as saying.

Hollywood has suffered declining fortunes with the death of video stores, the rise of distribution on the web, higher production costs and piracy, among other woes. Meanwhile, China’s box office is showing big gains — but not for all players. A recent report in Variety magazine says ticket sales this year for local Chinese films increased 144% to $1.12 billion, while imported films saw a 21% slump to $670 million, despite the relaxing of quotas.

Could a country best known for low-cost manufacturing take on the creative genius of Hollywood? “China’s movie market is growing, but it cannot match Hollywood’s,” says Wharton marketing professor Qiaowei Shen. Adds Wharton professor of operations and information management Jehoshua Eliashberg: “While the Chinese movie business stands to gain from the huge local market, it is not obvious that the content they produce there has a global appeal.”

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Source: knowledge.wharton

Bruno Wu, Former Bertelsmann CEO Form China Media Venture
Beijing, July 22nd (Hollywood Reporter)
Thomas Middelhoff and the Chinese mogul launch BT Capital, a “China-originated global media and alternative investment group” that will pool their entertainment assets with revenue of $1 billion-$2 billion.

Chinese media tycoon Bruno Wu is partnering with former Bertelsmann and Arcandor chief executive, Thomas Middelhoff to form a China-focused media and investment joint venture. According to a report in the Financial Times, the two will combine assets with revenues of $1 billion to $2 billion for a business they are touting as “the first China-originated global media and alternative investment group.”

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Source: Hollywood Reporter

News Corp. to Take Stake in China’s Bona Film Group
Los Angeles, May 13th (Hollywood Reporter)

Amid the country’s fast-growing film market, the company becomes the latest entertainment conglomerate to strike a deal in China.

Rupert Murdoch’s News Corp. is the latest entertainment conglomerate to strike a deal with a Chinese film company, announcing Monday that it has agreed to buy a 19.9 percent stake in Bona Film Group.

The agreement will help the Chinese film producer and distributor reach a more global audience with its films. Meanwhile, News Corp. gets a chance to play a bigger role in a fast-growing market.

Bona said News Corp. is acquiring the stake directly from its founder, chairman and CEO Dong Yu. Financial details weren’t disclosed.

“One of Bona’s unique advantages is its vertically-integrated business model, which differentiates the company from other film distributors in China,” said Jack Gao, senior vp, News Corp. and CEO, News Corp. China Investments. “China’s film market is growing at a rapid pace, positioning the country to be the second largest film market following the United States, and Bona’s market leadership, compelling value proposition and tremendous growth potential make this an attractive opportunity for News Corporation.”

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Source: Hollywood Reporter

Greater China’s major cultural events – 2012
Beijing, December 22st 2011 (AFP)

The Year of the Dragon, which is ushered in on January 23, will be welcomed across Greater China with an array of arts, literary and film events — and a growing number of fairs that aim to tap into the burgeoning Asian artistic scene.

40th Hong Kong Arts Festival
January 28 – March 8
Various venues

Acknowledged as the premier event of its kind in Asia, the 40th edition of the Hong Kong festival has lined up 166 performances from 38 ensembles or solo artists including everything from the likes of the Beijing Opera to the Hamburg Ballet.


4th Taiwan International Festival of Arts
February 16 – April 1
Various venues

Taiwan’s largest annual arts event prides itself on its diverse range of national and international artists who perform dance, drama and music. Last year’s program boasted 16 shows from France, Poland, Spain, Belgium, Germany, the United States and Hong Kong.


36th Hong Kong International Film Festival
March 21 – April 5
Various venues

With a total audience or more than 600,000 yearly, it’s Hong Kong’s largest cultural event and, alongside the annual festivals in Tokyo, Busan, South Korea, and Shanghai, one of the Asian film world’s “big four.” More than 250 titles are screened in 11 venues with a program that extends from Hong Kong films to film from all over the world.


2nd Beijing International Film Festival
April 20-29
Various venues

Last year the inaugural event threw down the gauntlet to its rival down in Shanghai as it looked to tap into the blossoming Chinese film scene, hosting Hollywood A-listers such as Darren Aronofsky, seminars on trends in the industry, screenings and a market that aims to set up co-productions with filmmakers in the region and throughout the world.


7th Art Beijing & Photo Beijing
April 29 – May 2
Agricultural Exhibition Centre

The Chinese capital’s largest annual art exhibition-cum-sale attracts more than 50,000 art lovers annually and art representing more than 100 galleries from across the globe.


Art HK
May 17-20
Hong Kong Convention and Exhibition Centre

With more than 250 regional and international galleries putting work on show, Art Hk lays claim to being the largest contemporary art fair in Asia — and the record prices that have been paid in the past few years would support the claim that is also the most successful.


14th Shanghai International Film Festival
June 16-24
Various venues

With the Chinese box office setting new records every year, Shanghai’s role as the longest established festival in the country has become increasingly important as international filmmakers — and international stars — look to grab a foothold in the country. The festival boasts the world’s largest annual showcase of Chinese cinema too.


14th China Shanghai International Arts Festival
October – November 2012 (Dates TBC)
Various venues

Shanghai’s largest annual arts gathering draws on the talents of the world’s most famous performing artist with concerts held all over town. The event bills itself as the most serious rival to the Hong Kong Arts Festival down south.


49th Golden Horse Film Festival and Awards
November (dates tbc)
Various venues

Taiwan’s annual celebration of cinema ends with the “Chinese Oscars” – the prestigious Golden Horse Awards, which reward the year’s best productions from around Greater China.


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Source: AFP

China’s Hollywood aims at leisure industry
Beijing, November 10th 2011 (China Daily)
Hengdian World Studios, also known as China’s Hollywood, aims to build China’s “Las Vegas”, said a media executive from the Hengdian Group, the studio’s operator, on Wednesday.

“We have been testing the waters over the past 15 years. The decision of the Central Committee of the CPC to deepen cultural reforms have consolidated our confidence and activated our passion in the cause,” said Zeng Yulin, editor-in-chief of a magazine affiliated to the group.

“We are planning to build Hengdian into a Chinese version of Las Vegas, which is well-known all over the world for its gambling and leisure industry. We will attract tourists through show biz and provide them with other leisure services,” he added.

On the basis of filming and tourism, Hengdian will develop into a high-end leisure destination. A plan shows that the group will invest 3 billion yuan ($220 million)in the construction of shooting bases and a tourism theme park, Oriental Morning Post reported.

The studios received 8.4 million tourists from home and abroad in 2010 and the figure is set to top 10 million in 2011, Zeng said. The revenue has also jumped from 500 million yuan in 2010 to an expected 800 million yuan in 2011.
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Source: China Daily

Huge potential of co-productions attracts global filmmakers to China
Beijing, October 28th 2011 (China Daily)

For several years, despite its rich promise, China never figured prominently on the agenda of global filmmakers and distributors as the path to success was riddled with obstacles like strict regulations, piracy and a not too receptive audience.

Circa 2011 and things have changed dramatically with the industry heading for a dream run with several blockbusters in the making.

Not only has China become a market that commands the attention of buyers and sellers, but also an integral market in box-office returns for global film companies.

Industry sources say that China could surpass Japan and India in box-office receipts next year to take the second position globally and pose a strong threat to market leader US by the end of the decade. Lending credence to these claims are industry growth rates in excess of 64 percent and collections of over $1.5 billion (1.1 billion euros). Rough estimates for 2011 indicate that the industry could end up with receipts of over $2 billion.

During the past five years, domestic box-office revenue has grown by nearly 400 percent to 10 billion yuan ($1.57 billion, 1.13 billion euros) in 2010.

By current estimates there are more than 6,000 movie screens in China and another 20,000 will be added in the next 20 years. With such huge growth potential in the offing, there is no doubt that every filmmaker worth his salt wants a slice of the China pie.

Yu Dong, president of Polybona, one of the biggest film distributors in China, feels that box-office receipts could grow by another 15 billion yuan, as there are still more than 2,000 counties with no cinemas.

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Source: China Daily

Cultural industry crucial to China’s economic development
Beijing, October 24th 2011 (Xinhua)

Building cultural industry into a pillar of China’s national economy has become an important goal of China’s cultural development, according to a thematic briefing held here on Monday.

Wang Xiaohui, deputy head of the Publicity Department of the CPC Central Committee, made this remark to foreign diplomats in China during a briefing held to outline the essential points of the Sixth Plenary Session of the 17th CPC Central Committee. The session held from Oct. 15 to Oct. 18 adopted a guideline on boosting cultural reform and development.

Being a pillar industry means accounting for about five percent of the country’s GDP, Wang explained. The total value-added output of the cultural industry across China in 2010 topped 1.1 trillion yuan (around 172.95 billion U.S. dollars), or about 2.78 percent of the country’s GDP.

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Source: Xinhua
Source: Shanghai Daily
Source: IDCPC

China Pledges to Boost Promotion of Culture
Beijing, October 18th 2011 (Hollywood Reporter)

The country plans to increase the use of ’soft power’ in a meeting of the nation’s top leadership.

As a closed-door meeting of China’s leadership wrapped up Tuesday, the group resolved to bolster the country’s use of cultural soft power to expand and improve its influence overseas.

“It is a major factor in the nation’s comprehensive competitiveness as well as the backbone of the country’s economic and social development,” said a communique issued at the end of a plenary session of the Communist Party of China’s Central Committee, China’s central policy-making body, published by state-run media.

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Source: Hollywood Reporter

2011 the 6th China Beijing International Culture & Creative Industry Expo
Beijing, October 18th 2011 (ICCIE)

The 6th China (Beijing) International Cultural & Creative Industry Expo (ICCIE), which is jointly hosted by the Ministry of Culture, the State Administration of Radio Film and Television, General Administration of Press and Publication and the Beijing Municipal People’s Government, is to be held from November 9th to 13th in Beijing. Now, entrusted by the organizing committee, I will give a brief introduction to friends from the news media and other guests present here about the overall arrangements and preparations for the current ICCIE.

The China (Beijing) International Cultural & Creative Industry Expo (ICCIE) has been successfully held for five consecutive years. As the only large-scale international trade and cultural exchange event regularly held every year in Beijing that takes cultural creativity as the theme, the ICCIE has become an important window to gather the cultural and creative resources at home and abroad, carry out industrial cooperation and product trading, gain insights into the movements and trends of the industry, and lead the development of the industry. It has formed Beijing characteristics, Chinese style and oriental manner in such aspects as tapping the cultural and creative content, promoting cultural and technological integration, and improving the level of cultural innovation. With its authority and attractiveness, it has also established its unique brand influence in the national structure of convention economy. The previous five sessions of ICCIE attracted a total of 252 governmental and industrial delegations from such international organizations as the United Nations, European Union, the World Intellectual Property Organization, the International Olympic Committee, the World Association of Animation, as well as more than 60 countries and regions, about 4050 overseas professionals in all, to conduct cultural exchanges and discuss cooperation. More than 10,000 domestic and international cultural and creative enterprises and institutions showcased and introduced their outstanding cultural products with distinctive local characteristics. More than 1000 well-known experts, academics and senior government authorities who are influential in the cultural and creative circles both at home and abroad delivered speeches at the ICCIE forums. According to incomplete statistics, a total of 1347 cooperative agreements were signed at the previous sessions of ICCIE, with a total amount of 177.7 billion yuan.

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Source: Official Website

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