Market growth china

The furor over a Chinese spy balloon that flew over U.S. airspace has further chilled D.C.-Beijing tensions, but the entertainment industry already has been swept up in the heightened atmosphere of American hawkishness. Hollywood studios and producers are poised to get a new level of scrutiny over their dealings with China — reflecting a bipartisan hardline toward Beijing and escalating concerns over its influence. A little publicized provision of a recently passed defense bill restricts the U.S. government from spending funds on movies that, to gain entry into the Chinese marketplace, are altered in the face of Chinese government dictates. The provision in the National Defense Authorization Act , approved in a bipartisan vote of Congress and signed by President Joe Biden in December, is the latest example of an increased focus on China’s role, not just in the entertainment industry but also in sports and social media. While Republicans have led attacks on … [Read more...] about Hollywood’s China Predicament: New Law Restricts U.S. Cooperation On Projects Modified To Appease Beijing

Chris Spadaccini has been named Chief Marketing Officer for The CW Network, where he will oversee the network’s broadcast and digital marketing divisions. “It is very rare that any company gets to add someone of Chris Spadaccini’s stature to its team,” commented Brad Schwartz, President of Entertainment for The CW Network. “When it comes to marketers who have built and defined legendary brands for decades and created passionate emotional attachment between content and audiences, Chris is a true pioneer and the best in the business. As the broadcast and digital landscape changes at a rapid pace, we are building a dream team with the excitement and experience needed to drive The CW forward. I just wish he could have brought ‘The White Lotus’ with him.” Previously, Spadaccini as the Chief Marketing Officer for Warner Media Entertainment. He was responsible for marketing HBO, TBS, TNT, truTV, and all aspects of brand and content marketing for HBO Max, the company’s … [Read more...] about Former Warner Media Exec Chris Spadaccini Joins CW As Chief Marketing Officer

FRIDAY UPDATE: James Cameron ’s Avatar : The Way of Water continues to splash out at the global box office, reaching $1.169B through Thursday, on its way to a $1.3B+ cume through Sunday. With an added $48M from international markets on Thursday, WoW lifted its overseas cume to $810.6M , to overtake Top Gun: Maverick as the No. 1 international release of 2022 and No. 2 studio movie of the pandemic era offshore. It has also become the highest grossing film of the pandemic in France and Italy as well as the highest-grossing film of 2022 in France, Italy, Germany and Spain. As we’ve previously noted, the midweeks are showing great strength. The sequel has earned almost $300M globally in the four midweek days this week; that’s significantly more than last weekend’s global 3-day haul. RELATED: ‘ Avatar: The Way Of Water ’ Ringing In Healthy New Year With Potential $87M 4-Day – Saturday AM Update On Friday, and not included in the totals above (nor … [Read more...] about ‘Avatar: The Way Of Water’ Tops $810M Overseas On Way To $1.3B+ Global Through Sunday

UPDATED with content spend stats from annual report: Giant Amazon said its total expenses for video and music came to $16.6 billion last year, up from $13 billion in 2021. Video and music expense includes licensing and production costs associated with content offered within Amazon Prime memberships, and costs associated with digital subscriptions and sold or rented content, according to the company’s latest annual report that followed fourth quarter financials yesterday. On an earnings call Thursday, CFO Brian Olsavsky noted that Amazon spent $7 billion on originals, live sports and licensed content in 2022, up from $5 billion the year before. It’s unclear if those figures include all worldwide video content, which is increasingly central to Amazon’s strategy in driving membership for Prime, the biggest loyalty program in the world and the beating heart of the company. Amazon (which acquired MGM last year for $8.5 billion in cash) carefully evaluates its return on … [Read more...] about Amazon Praises Video As Key Driver Of Prime; 2022 Content Spend, Including Music, Hit $16.6 Billion

Taipei-based international sales company Distribution Workshop will be selling Lunar New Year hit Hidden Blade , starring Tony Leung Chiu-wai, and Wong Ching-po’s highly-anticipated new film, The Pig, The Snake And The Pigeon , at the upcoming European Film Market ( EFM ) in Berlin. Directed by Cheng Er, Hidden Blade is a spy thriller set in Shanghai during the Second World War, and also stars Wang Yibo ( Born To Fly ) and Zhou Xun ( Our Time Will Come ). The $45m production has so far grossed $116.6M since its release over the Lunar New Year holidays on January 22, according to figures from Artisan Gateway. The film is the third installment in the “China Victory Trilogy” produced by Beijing-based Bona Film Group , following Chinese Doctors and The Battle At Lake Changjin . Cheng Er is known for crime dramas such as Lethal Hostage (2012) and The Wasted Times (2016). The Pig, The Snake And The Pigeon is produced by Lee Lieh, one of Taiwan’s … [Read more...] about Distribution Workshop To Sell Lunar New Year Hit ‘Hidden Blade’, Wong Ching-Po’s ‘The Pig, The Snake And The Pigeon’ At The EFM