June 28, 2012 |
This post has been corrected. See below for details. Village Roadshow Entertainment, the production and finance company behind such film franchises as "Sherlock Holmes"and "Happy Feet," has raised $380 million in new capital. The money will allow the production outfit to expand the number of movies it makes with longtime studio partner Warner Bros.as well as grow a new China-based venture. The equity, which comes from investment firm Trinity Opportunities Limited and was arranged with Hong Kong's Shikumen Capital Management, will give Village Roadshow the ability to access more of a $1-billion debt facility that it set up last year.
July 14, 2009 |
Jackie Chan will play the wise kung-fu master in a Hollywood-Chinese remake of the 1984 hit "The Karate Kid," a movie company publicist said Monday. Chan's young disciple in "Kung Fu Kid" will be played by Jaden Smith, the son of Hollywood stars Will Smith and Jada Pinkett Smith, China Film Group spokesman Weng Li said. Will Smith is one of the movie's producers. In "The Karate Kid," Pat Morita plays the iconic building handyman Mr. Miyagi, who trains one of his young tenants, portrayed by Ralph Macchio, into an accomplished fighter.
January 19, 2010 |
"Avatar" may be too popular for its own good in China. The communist nation's state-run movie distributor, China Film Group, unexpectedly began pulling the blockbuster science-fiction picture from 1,628 2-D screens this week in favor of a biography of the ancient philosopher Confucius. Paul Hanneman, co-president of international distribution for 20th Century Fox, the movie's distributor, confirmed the move, which the studio learned about Monday evening. According to the Hong Kong newspaper Apple Daily, the switch was made at the urging of propaganda officials who are concerned that "Avatar" is taking too much market share from Chinese films and drawing unwanted attention to the sensitive issue of forced evictions.
January 19, 2008 |
Two English-language movies, including Golden Globe winner "Atonement," have been cleared to show in China in February, amid recent worries that Beijing has imposed a short-term ban on Hollywood films, a film company official said Friday. "Atonement," starring Keira Knightley and James McAvoy, and the fantasy family movie "The Water Horse: Legend of the Deep" will be released in Chinese theaters next month, Weng Li, a spokesman for the state-run China Film Group, the country's exclusive movie importer, said in an interview.
May 18, 2007 |
Disney's latest China strategy doesn't involve Mickey, Minnie or Goofy. It's all about an enchanted vegetable. The Walt Disney Co. China announced this week that it will release a Chinese-language movie, "The Magic Gourd," this summer -- its first co-production with the state-run China Film Group. The movie, based on a novel written by the late Chinese children's writer Zhang Tianyi, is about a boy who discovers a gourd -- a squash-like vegetable -- that grants him wishes.
December 15, 2005 |
Walt Disney Co. on Wednesday announced its first film production in China, adding to its efforts to break into the booming Chinese entertainment market. The Chinese-language film, "The Secret of the Magic Gourd," began shooting in October in the city of Hangzhou and is due to be released next year, Disney said. It is based on a popular children's book by late Chinese novelist Zhang Tianyi. Disney's partners are state-owned China Film Group Corp. and Hong Kong's Centro Digital Pictures Ltd.