Tencent Pictures this week stepped out alongside fellow Tencent subsidiaries New Classics Media and China Literature (aka Yuewen Media) to present for the first time a joint, collaborative film and TV production strategy.
Tencent Pictures and Hong Kong-listed e-book platform China Literature were both established in 2015. Production firm New Classics Media was established in 2007 and was acquired by China Literature in 2018 for $2.25 billion. Up until now, Tencent had a tendency to pit the three against each other as competitors, and left them to undertake similar business endeavors independently without overarching coordination.
But in the wake of China Literature’s serious losses in the first half of the year, the company is shifting gears to think more about how they can work together more collaboratively.
Tencent Group VP and Tencent Pictures CEO Cheng Wu (aka Edward Cheng) took the stage at a press conference Monday in Shanghai to describe the triumvirate as now being a “troika.
Tencent Pictures and Hong Kong-listed e-book platform China Literature were both established in 2015. Production firm New Classics Media was established in 2007 and was acquired by China Literature in 2018 for $2.25 billion. Up until now, Tencent had a tendency to pit the three against each other as competitors, and left them to undertake similar business endeavors independently without overarching coordination.
But in the wake of China Literature’s serious losses in the first half of the year, the company is shifting gears to think more about how they can work together more collaboratively.
Tencent Group VP and Tencent Pictures CEO Cheng Wu (aka Edward Cheng) took the stage at a press conference Monday in Shanghai to describe the triumvirate as now being a “troika.
- 10/23/2020
- by Rebecca Davis
- Variety Film + TV
The Criterion Channel’s stellar offerings are continuing next month with a selection of new releases, retrospective, series, and more. Leading the pack is, of course, a horror lineup perfectly timed for Halloween, featuring ’70s classics and underseen gems, including Abel Ferrara’s The Driller Killer (pictured above), Tobe Hopper’s The Texas Chain Saw Massacre, early films by David Cronenberg, Wes Craven, and Brian De Palma, Bill Gunn’s Ganja & Hess, and more.
Also of note is a New Korean Cinema retrospective, featuring a new introduction by critic Grady Hendrix and a conversation between directors Bong Joon Ho and Park Chan-wook, whose Barking Dogs Never Bite, The Host, Mother, Sympathy for Mr. Vengeance, and Lady Vengeance are part of the lineup, as well as Lee Myung-se’s Nowhere to Hide, and more titles to be announced. Bong’s short Influenza will also arrive, paired with Michael Haneke’s Caché.
Also of note is a New Korean Cinema retrospective, featuring a new introduction by critic Grady Hendrix and a conversation between directors Bong Joon Ho and Park Chan-wook, whose Barking Dogs Never Bite, The Host, Mother, Sympathy for Mr. Vengeance, and Lady Vengeance are part of the lineup, as well as Lee Myung-se’s Nowhere to Hide, and more titles to be announced. Bong’s short Influenza will also arrive, paired with Michael Haneke’s Caché.
- 9/29/2020
- by Jordan Raup
- The Film Stage
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