Hong Kong director Peter Chan Ho-sun (陳可辛) has teamed up with China’s largest private movie company to create a new film studio that they have dubbed a Chinese “DreamWorks.”
China’s PolyBona Film Distribution Co (保利博納電影發行公司) said it would invest 500 million yuan (US$73 million) into Cinema Popular — officially launched in Beijing on Sunday — which will pool resources with Chan’s We Produce studio.
It did not provide details of who the other investors would be.
Cinema Popular intends to produce 15 movies, including blockbusters and small-budget films over the next three years, Chan said in the statement.
The movies’ Chinese box office revenues are expected to exceed 2 billion yuan in the next three years, the statement said.
Chan has won a series of awards in Asia, including the Hong Kong Film Festival Best Director award in 2007 and the Best Picture award in Taiwan’s Golden Horse Film Awards last year for his epic The Warlords.
The first film, an action movie to be directed by Hong Kong director Teddy Chan (陳德森), is expected to start shooting in Shanghai next month.
“The target is to build up Cinema Popular into China’s DreamWorks,” Beijing-based PolyBona said, referring to the studio Hollywood moguls Steven Spielberg, Jeffrey Katzenberg and David Geffen founded in 1994.
China’s movie market has been growing rapidly over the past few years, with box office takings surging to 4.4 billion yuan last year, up 30.5 percent from the previous year, official figures showed.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. However, while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs. Chinese content creators who portray themselves as workers or subcontractors in the luxury goods business claim that Beijing has lifted confidentiality clauses on local subcontractors as a way to respond to the huge hike in customs duties imposed on China by US President Donald Trump. They say this Chinese decision, of which Agence
RSS