The 17th Shanghai International Film Festival kicked off this weekend with some red-carpet glamour, screenings and fresh announcements of new East-West partnerships, as the U.S. and mainland China — the world's No. 1 and No. 2 movie markets — look for more meaningful ways to cooperate.
The festival, which runs through June 22, will close with something entirely different: Paramount Pictures' "Transformers 4," filmed partly in Hong Kong.
As the festival got into full swing, China’s No. 3 broadcaster, Jiangsu Broadcasting Corp., announced it was inking an equity investment and film and TV distribution agreement deal with L.A.’s
"Relativity has long been focused on expanding our footprint in this incredibly dynamic market," Kavanaugh said in a statement. Via "the partnership with [Jiangsu] we ... will further strengthen the robust foundation we have built in China."
On Sunday, meanwhile, Village Roadshow Pictures Asia and
The film is directed by Zhao Tianyu and will star
"Zhong Kui," which is also backed by Desen International Media and will be shot in 3-D, is expected to debut the first day of the 2015 Chinese New Year holiday. The movie tells the story of a Chinese antihero, Zhong Kui, a young man endowed with mysterious powers who is forced into a fight among the realms of heaven, Earth and hell in his attempt to save a woman he loves.
The two companies said they would have a "significant participation" in the film's global revenues, including those in mainland China. Village Roadshow Pictures Asia said it would have distribution rights in Singapore, Australia and New Zealand, and Warner Bros. would handle distribution in Taiwan, Hong Kong and Malaysia.