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'Godzilla Vs. Kong' Passes Two Huge Box Office Milestones

'Godzilla Vs. Kong' is just over/under $400 million worldwide as it becomes the biggest DC/Marvel superhero or 'Fast Saga' Hollywood release in China since summer 2018.

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China Should Outsource Production to Hollywood, Says 'Detective Chinatown' Producer (EXCLUSIVE)

China Should Outsource Production to Hollywood, Says 'Detective Chinatown' Producer (EXCLUSIVE)
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Despite the ongoing trade war and frostier than ever ties between China and the U.S., “Detective Chinatown 3” producer and financier Shawn Yue (aka Yue Xiang) is still betting on collaboration in the film industry — though perhaps not in the way you’d expect.
Chinese production budgets and visual ambitions have lately begun to outgrow China’s ability to achieve them, given the country’s lack of existing talent and resources to execute such projects. While it might still be cheaper to shoot smaller productions in China, films budgeted over $20 million are actually cheaper to shoot in the U.S., Yue attests.

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'Detective Chinatown 3' Review: Record-Setting Mystery-Comedy Tackles Tokyo

'Detective Chinatown 3' Review: Record-Setting Mystery-Comedy Tackles Tokyo
'Detective Chinatown 3' Review: Record-Setting Mystery-Comedy Tackles Tokyo
The third chapter in Chen Sicheng's mega-hit series is fun on the fringes but undercooked in the center.
Richard Kuipers, provided by
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Director: Chen Sicheng
With: Wang Baoqiang, Liu Haoran,
Satoshi Tsumabuki, Tony Jaa, Tomokazu Miura, Masami Nagasawa, Tadanobu Asano, Shota Sometani, Hirayama Motokazu, Shang Yuxian, Zhang Zifeng, Cheng Xiao, Chen Zheyuan. (Mandarin, Japanese, English, Thai dialogue)
Running time: Running time: 136 MIN.
Courtesy of WanDa Pictures
The mega-successful Chinese franchise about a mismatched detective duo tackling baffling crimes in foreign destinations continues with a wildly uneven caper set in Tokyo. With performances, plotting and visuals amped up to 11 as per usual, this hyperactive combination of Sherlock Holmes-type sleuthing and Three Stooges-style slapstick comedy offers plenty of zany fun, but the central murder-mystery contains so many convoluted diversions, digressions and detours it makes the whole enterprise play like a long stream-of-consciousness sketch with a glaringly hollow core.

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Imax Revenues Get Lift From China Moviegoing Revival, but COVID-19 Takes a Toll

Imax Revenues Get Lift From China Moviegoing Revival, but COVID-19 Takes a Toll
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Imax’s quarterly revenue beat Wall Street’s expectations even as its losses were steeper than expected. The theater company reported revenues of $56 million, a 55% drop from the prior-year quarter’s revenues of $124.3 million. It also logged a net loss attributable to common shareholders of $21.2 million, or 36 cents per diluted share. That’s down from a profit of $18.2 million or 29 cents per share in the prior-year period, a time before coronavirus upended moviegoing.
Imax was projected to record a loss of 20 cents on revenue of $47.14 million. The company attributed its stronger than expected sales to the return of moviegoing in China and Japan. Movies like “Detective Chinatown 3” have done huge business in China, fueling a box office revival in the country and potentially setting the stage for positive news in an industry that has been battered by the public health crisis. The results goosed Imax shares, causing the stock to rise more than 2.4% in after-hours trading.

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China Box Office: 'Tom and Jerry' Falters Amid Strong Local Holdovers

China Box Office: 'Tom and Jerry' Falters Amid Strong Local Holdovers
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“Tom and Jerry” squeaked in a narrow fifth in China with a $12.4 million debut, failing to capture viewers still flocking to local Chinese New Year holdover titles over the Lantern Festival holiday weekend.
The Warner Bros. hybrid animated live-actioner skittered into the world’s largest film market with just $8,000 (RMB50,000) less than its closest competitor, the fourth place local fantasy adventure “A Writer’s Odyssey,” which earned around $12.4 million as well.
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It fell, however, further behind the Chinese New Year frontrunners “Hi, Mom,” “Detective Chinatown 3” and “Endgame,” which came in first through third with $53.3 million, $19.7 million and $14.5 million, respectively.

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'The Croods 2' Leads Depleted U.S. Box Office - Laredo Morning Times

'The Croods 2' Leads Depleted U.S. Box Office
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Need a reminder of just how imperiled moviegoing, at least in the U.S., remains due to the pandemic? Look no further than domestic box office charts. “The Croods: A New Age,” which debuted theatrically in November, was the No. 1 movie in North America.
The Universal Pictures animated sequel nabbed $1.7 million from 1,913 venues between Friday and Sunday, enough to bypass recent releases like Denzel Washington’s “The Little Things” and “Judas and the Black Messiah” for the second weekend straight. After 13 weeks in theaters, “The Croods” sequel has earned $50 million and could eventually pass “Tenet” ($58 million) as the highest-grossing movie domestically in the coronavirus era. Internationally, “The Croods: A New Age” has crossed the $100 million mark, propelling its global total to $154 million.

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Beijing Culture Share Price Leap Reflects Chinese New Year Box Office Surprise

Beijing Culture Share Price Leap Reflects Chinese New Year Box Office Surprise
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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

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Lunar New Year Box Office Boom Lifts Movie Sector Shares in Hong Kong

Lunar New Year Box Office Boom Lifts Movie Sector Shares in Hong Kong
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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.
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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 Group.

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China film stocks surge on record box office receipts in the mainland during the Lunar New Year holiday

IMAX China surged as much as 88 per cent to a two-year high of HK$26.30
Ticket sales during the first four days of the holiday hit a record US$882.7 million, increasing 34 per cent from the same period in 2019, Maoyan data showed

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Coronavirus: in China, packed cinemas and deserted trains mark 'surreal' Lunar New Year

Latest instalment in the Detective Chinatown movie franchise sets revenue records in first few days of holidays.

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