‘Report’ Tag
M&A in China’s Film & TV Production Industry
Beijing, August 19th (Forbes)

China’s television and film production industry is poised for more consolidation after the industry’s largest-ever deal last month.

So says Zhao Yifang, the general manager of Zhejiang Huace Film & TV, one of China’s biggest production studios. Huace at the end of last month said it would buy an unlisted, smaller studio, Croton Media, for 1.65 billion yuan, or $270 million, in a stock and cash deal that is the industry’s biggest acquisition to date.

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Source:Forbes

China: Culture and entertainment expected to surge
Beijing, April 13th (China Daily)

China’s culture and entertainment industry is predicted to grow at 20 percent, and could be worth 5.5 trillion yuan ($887 billion) within the next seven years, a study by business consultancy giant Deloitte has predicted.

William Chou, Deloitte’s national managing partner for the technology, media and telecom industries, said the film industry in particular is set to experience unprecedented growth, after generating 17.1 billion yuan in box office earnings in 2012, a 30 percent increase from 2011.

As earnings continue to grow, Chou said Deloitte’s China’s Culture Industry 2013 predicts earnings from China’s film industry are expected to surge to 23 billion yuan this year.

“As GDP per capita approached $6,100 in 2012, Chinese people will spend more on personal entertainment and culture activities.

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Source: China Daily

How to bet on China’s Hollywood surge
Hong Kong, January 8th 2012 (MarketWatch)

Amid all the talk of a China slowdown in recent weeks, one area that is clearly continuing full steam ahead is its booming cinema business. New data says China’s box office hit 13 billion yuan ($2.1 billion) in 2011, up 30%, meaning it now only trails the U.S. and Japan in size.

These figures from EntGroup, a Beijing-based research firm, come on the heels of a 65% growth in revenues to 10.17 billion yuan in 2010. Analysts predict it is only a matter of time before China overtakes the $10-billion-plus North American box office, as this market of 1.3 billion potential moviegoers awakens.

Unsurprisingly, these numbers are attracting the attention of investors and studios from Hong Kong to Hollywood, but a more tricky question is how to get a slice of this emerging Hollywood of the East?

Last year, Hollywood films continued to lead China’s box office’s surge, although domestic productions were also increasingly making their mark. In 2011 “Transformers 3” took in 1.1 billion yuan, while “Kung Fu Panda 2” reached 617 billion yuan. Zhang Yimou’s “The Flowers of War,” about the Nanjing massacre and featuring Christian Bale, took in 488 million yuan, and Hong Kong director Tsui Hark’s “The Flying Swords of Dragon Gate,” featuring 3D IMAX visual effects, took in 433 million yuan.

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Source: MarketWatch

China, originality lacking in animation industry
Shanghai, July 8th 2011 (Shanghai Daily)

CHINA may be the world’s leading producer of animation but it lacks original cartoons, officials said yesterday at the opening day of the 2011 CCG Expo in Shanghai.
According to a report from the Chinese Academy of Social Sciences, China produced more than 220,000 minutes of animation last year, making the country the world’s leading animation producer ahead of Japan.
However, in terms of artistry and originality, only a few Chinese cartoon productions are impressive and influential, industry experts said.
Sixteen domestic animated films earned about 200 million yuan (US$30.9 million) at the box office in 2010.

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Source: Shanghai Daily

The Global Attractions Attendance Report
June 19th 2011 (TAE / AECOM)

The annual index shows resilience and recovery in the attractions industry, with growth in China.

Themed Entertainment Association (TEA) and AECOM have released the TEA/AECOM 2010 Theme Index, a worldwide report of attendance at major theme parks, amusement parks and waterparks. The definitive, annual study indicates recovery at destination parks, with major markets returning to pre-recession levels in the U.S. and Europe. Asia, especially China, continues to show the most growth and growth potential.

The index identifies the top commercial theme parks and waterparks and reflects their performance for the calendar year, analyzed by region, chain and type of revenue.
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Source: AECOM
Source: The Global Attractions Attendance Report 2011

Showbiz market expected to grow to $96b
Ningbo, June 15th 2011 (PWC / China Daily)

China is expected to overtake Germany this year to become the world’s third-largest entertainment and media market with spending hitting $96 billion, according to a report published by PricewaterhouseCoopers (PwC) on Tuesday.

The country’s overall spend on entertainment and media grew by 13.9 percent to $85.5 billion in 2010. The sector will continue strong growth over the next five years, said the report.

With a projected 11.6 percent compound annual increase, spending is likely to reach $148 billion by 2015, it said.

Wu Binghui, a Beijing-based partner at PwC, said that China’s overall entertainment and media market is experiencing a shift to digital platforms facilitated by an explosion in broadband households and mobile access.

“We forecast that 26.3 percent of total entertainment and media spending in China will be digital in nature by 2015,” he said.

Digitization will continue to open up many more major opportunities for new types of services, business models, and consumer relationships for organizations across the whole sector, said the PwC report.

This is leading towards a new operating model specifically designed for the digital ecosystem – the Collaborative Digital Enterprise – a business that is technology driven and dynamic, interconnected and continuously engaged with its customer, employee and supplier ecosystem, said Tang Hui, leader of the Entertainment and Media Group at PwC China.

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Source: People’s Daily
Source: PWC

Chinese Theater companies look to second-tier audiences
Beijing, June 2nd 2011 (Global Times)

Expansion in China’s second-tier cities can help theater chain operators to improve their profits, which are under pressure from falling margins in top-tier cities due to high rents and fierce competition, theater chain executives said at a forum held in Beijing on Tuesday.

A total of 313 theaters were built in China last year, taking the country’s number of modern theaters to 2,000, said a China theatrical market report released by EntGroup, a Beijing-based entertainment industry consultancy, on Tuesday.

The number of theaters is expected to reach 3,300 in 2012, with 10,000 screens including 3,000 3D ones, the report said.

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Source: Global Times

Chinese Film Industry Report 2011 released
Beijing, June 2nd 2011 (China Daily / Variety)

The China Film Association Research Center released the 2011 Chinese Film Industry Research Report on My 29th 2011. This report comprehensively analyzed the Chinese film industry during 2010.
It contains details of the films produced, the marketing, box office, the investment and financing environment, the creative talent, etc. This report is the fifth annual research report on the film industry produced by the China Film Association Research Center.
The reports consist of three parts, in-depth analysis of the development of Chinese film industry, the achievements, problems, and make strategic recommendations.

According to reports the year 2010 was a milestone for the Chinese film industry, favorable government policies led to an economic environment were the Chinese film market (production, finance, cinema s and other areas) had a higher growth. The report predicts that the industry continues to grow, the outlook is good. IMAX 3D technology and the rapid popularization of the concept of big movie marketing, the gradual formation of a variety of box office earnings around the means of gradual development, and enhance the reputation of movie box office, making films in China in 2010 showed healthy growth in the state of development.

At the same time is also warning that about investment bubbles in the industry through blind investments. The report says that the even after the development of Chinese film in 2010, there is still much room left for the future.

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Source: China Daily
Source: Variety

Bank Backing to Drive China’s Cultural Creative Industry
Chengdu, January 4th (Want China Times)

China’s State Council formally unveiled the Cultural Industry Revitalization Plan in 2009 to upgrade the cultural sector into the category of national strategic industries. Various ministries took a further step on April 9, 2010 to jointly issue a comprehensive promotion program with instructive opinions calling for financing the revitalization and development of the industry to solve the most crucial problem of providing adequate financial support for the sector.

The major predicaments faced by the cultural creative industry in China, like those troubling the industry in Taiwan, include difficulty in getting credit lines or loans due to the problem of appraising the values of cultural products. The comparatively small scale of operations also prevented companies from attracting interest from large investment companies.

Even the state-owned cultural enterprises in China face the same problems after being spun off or reorganized into corporations.

However, the 20 measures contained in the promotion program gave specific criteria for the financial support in concrete action, covering the issues concerning credit and lending support, forms of lending, capital market, insurance for the cultural industry, complementary mechanisms and evaluation of effects.
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Source: Want China Times

Article: Entertainment of the Future

Entertainment of the Future
Beijing, May 14th 2010

Fulldome Movie Industry and Animation Production Environment in China.

What would you think about a movie screen that surrounds you; wouldn’t that be a great experience? Wouldn’t you, the viewer, for the first time in movie history really feel to be part of a movie?

“Some day in the not too distant future you’ll be able to go to a movie and the movie will be all around you. The movie will be over your head, it will be 360 degrees around you”
- Steven Spielberg, TIME Magazine, 2006

This new movie experience is called fulldome movie format. With this format, the image is projected on a 360° hemispherical screen (Dome, Planetarium) which effectively envelopes the audience making them the center of the action and, in so doing, creates an emotional experience for the audience that far exceeds that of conventional flat screen projections.

Robinson Steinke (石洛宾), a participant of METP3 (EU-China Managers Exchange and Training Programme) is working on this revolutionary technique.
Over the last three years he and his partners developed a portable 360° movie screen (event dome), the projection system, the content, and are currently setting up their business in China.

Business Environment:
The growth of the fulldome Movie Industry in china is currently very robust. In the last years several Chinese Planetariums incorporated the fulldome movie format and new Sciences and technology museums that were for instance build in cities like Beijing, Guangzhou and Macao were also equipped with this technology.
The most venues are located in Planetariums, Science centers and Museums so the content that is produced is traditionally for educational purpose.
This is where Robinson Steinke wants to go in to a different direction.
China nowadays also is playing a prominent role in hosting major Events, Trade Fairs and Exhibitions. Last year the Beijing Olympics, next year the Expo 2010 in Shanghai and the Asian Games in Guangzhou. For these events this format would be a great medium, using the fulldome technology in special-venues on trade shows for instance for the tourism industry, corporate events, art installations or Edutainment (educational entertainment) shows.
The modular 360° system (event dome) that was developed over the last years can be build up on site (indoor, outdoor) and the product range reaches from smaller dome segments up to full dome projection systems for more than 100 people. For smaller events or road shows there is also an inflatable dome available, this system can be build up in just a few minutes.

Animation Production Environment
There are still a lot of entry barriers for foreign companies in the media industry, but China’s incredibly rich history, culture and its diversity is a great treasure for new and different stories.
The Chinese animation market is for instance enormous. The primary consumer segment, China’s citizens under the age of 16, number more than 370 million. For comparison, that’s about 80 percent of the population of the European Union.
Fulldome movies are mostly animated; and the Chinese government is currently re-shaping the domestic animation and creative industry in a significant way.
The State Administration of Radio, Film and Television (SARFT) encourage the development of this industry with strongly supporting policies. By mid 2009 there were 18 national animation industry bases and 8 national animation instruction and research bases throughout mainland China. The number of degree programs in animation has grown to a total of nearly 450 universities, and over 1200 universities offer some sort of animation education.
Animation in China is flourishing. China produced 131,042 minutes of animation in 2008, a 28-percent increase over the previous year.

Conclusion
The growth of the fulldome movie industry, the prominent role in being the host of major events and the fast and rapid development of the animation industry were major factors in choosing china as a place to develop this business model here.
The mixture between western and eastern culture can be a great benefit that can push creativity and innovation a few steps further.

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