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Beijing Culture Share Price Leap Reflects Chinese New Year Box Office Surprise Rebecca Davis, provided by FacebookTwitterEmail The embattled production powerhouse Beijing Culture has emerged as the biggest publicly-listed winner of the Chinese New Year box office bonanza. Its stock price has climbed 18% since the start of the holiday thanks to the success of its hit comedy “Hi Mom.” The boost is a much needed one following two years of losses and a government investigation late last year that unveiled mismanagement and inaccurate figures in its prior financial statements. The stock has a history of spiking sharply upwards on good news, only to head lower at other times ....
Lunar New Year Box Office Boom Lifts Movie Sector Shares in Hong Kong Patrick Frater, provided by FacebookTwitterEmail Movie industry shares soared in Hong Kong on Tuesday in response to the bumper revenues being earned at the mainland China box office over the Chinese New Year holidays. Leading the gains were Imax China and Alibaba Pictures, both of which have direct stakes in the box office boom. Imax China stock climbed by 31% to HK$18.36 per share at the close of trading. Alibaba Pictures managed an even greater 35% jump to HK$1.44 per share. More from Variety Mainland China stock markets remain closed until Thursday due to the continuing holiday period. That means there was no trade in the stocks of other companies involved in the box office scramble: Huayi Brothers (“Yin Yang Master”), Enlight Media (“Endgame”), Wanda Film (China’s largest exhibition chain and producer of “Detective Chinatown”) and exhibitor and distributor China Film G ....
SOURCE / ECONOMY By Global Times Published: Feb 02, 2021 02:58 PM People watch a movie at the reopened Capital Cinema (Xidan branch) in Beijing, capital of China, July 24, 2020. (Xinhua/Peng Ziyang) Several Chinese filmmakers have preannounced their 2020 financial results, with heavy losses across the board after being hit badly by the Covid-19 pandemic, and Wanda Cinemas posted the largest loss of 7 billion yuan ($1.08 billion). Wanda s over 600 cinemas were suspended for nearly half a year last year, which is a fall-out of the pandemic. Although the industry has been gradually recovering since July 20, there is still a distance to travel before returning to pre-virus levels due to existing anti-coronavirus measures and lack of high-profile movies, said Wanda Cinemas. It said that its film business in Australia was also impacted by the outbreak. ....
SOURCE / ECONOMY By Tao Mingyang Published: Jan 25, 2021 08:54 PM Moviegoers watch the film The Eight Hundred on August 14, 2020 in Shanghai. Photo: cnsphoto Box office revenue during the Chinese New Year may struggle to reach the target of 7 billion yuan (1.08 billion) estimated by securities traders. Some analysts told the Global Times that box office revenue may reach 5 billion yuan and the box office structure will be changed due to stay in place policies. An employee of CGV Cinema in Beijing s Daxing district reached by the Global Times said that the occupancy rate is restricted to less than 50 percent of capacity, from the previous 75 percent or more, as a precautionary measure to prevent COVID-19 outbreaks. What s more, drinking and eating are not allowed in theaters. ....
2020 has been quite an interesting and rollercoaster ride of a year, leaving many of us to be stuck at home. Luckily enough, there’s been plenty of great dramas from China and Taiwan this year to keep us entertained, along with a new batch of hot rising actors to bless our screens. In previous years, we featured popular hot actors like: Li Xian, Wang Yibo, and Xu Kai, just to name of few. We’re back again with our list of the hottest rising actors of 2020 and it’s the biggest list to date with many standout stars. Check them out below! ....