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Ay72998

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    China Box Office Thread | Oppenheimer-August 30

    in China At The Box Office

    Posted · Edited by Ay72998

    A question to all the China box office experts on this board.  Which new film (by two insanely popular young Chinese authors turn film directors) is going to win at the box office, Guo Jingming's Tiny Times 3 or Han Han's Continent?   Both films are releasing near each other, and I assume the competition is heating up.  

    China Box Office Thread | Oppenheimer-August 30

    in China At The Box Office

    Posted · Edited by Ay72998

    Any rough predictions? If Chinese accept the content, then what could be the figures? What is the maximum potential for a foreign movie releasing at 2000 screens in China?

    2000 screens would be around 1-2% of the share of showtimes isn't it?  That's a very small percentage of screens compare to Hollywood films.

     

    Is Dhoom 3 one of those officially imported movies (which has an annual quota) or one of those "Buyouts" movies?  Does anyone know?

    China Box Office Thread | Oppenheimer-August 30

    in China At The Box Office

    Posted · Edited by Ay72998

    Yes, last Wed was holiday and Frozen's opening day.

    It gets fantastic WOM here, on the ticket-booking website, it receives a excellent 8.9 out of 10 rating by users who bought tickets online.

    It has best reviews this year.

    http://www.gewara.com/movie/139830172

     

    So I looked at the ticket-booking website above, it also shows that the film Dad, where are we going received a 8.5 out of 10.   That's a pretty high score.  I thought I remember people were saying it wasn't a good movie? 

    China Box Office Thread | Oppenheimer-August 30

    in China At The Box Office

    Posted · Edited by Ay72998

    I just read the news about how some cinema chains in China are under-reporting ticket sales to dodge film taxes and giving less revenue to distributors.  And now the authorities are tackling this by issuing a new standard and all ticketing software must be upgraded and all cinemas must be connected to the national digital ticketing platform by May 1st, 2014 http://variety.com/2014/biz/news/china-to-tackle-box-office-fraud-1201067664/.

     

    What I find most interesting is that China's box office revenue is reported at US$3.6 billion in 2013, but the actual figure should be significantly higher because of these un-reported revenue.

     

    According to The Hollywood Reporter, http://www.hollywoodreporter.com/news/chinese-authorities-tighten-rules-box-673425:

     

     

    Official box office data for last year shows sales of $3.6 billion, with domestic movies taking $2.12 billion of that, a rise of 54.3 percent for homegrown films.

     

    However, industry experts believe that real box office sales are at least 10 percent more

     

    So China's real box office revenue in 2013 should be around US$4 billion or higher, if not due to these un-reported revenue by some cinema chains?

    China Box Office Thread | Oppenheimer-August 30

    in China At The Box Office

    Posted · Edited by Ay72998

    It looks like the tax dispute between Hollywood studios and the China Film Group might come come to an end, according to The Hollywood Reporter.

     

    http://www.hollywoodreporter.com/news/china-box-office-standoff-hollywood-602667 China Box-Office Standoff: Hollywood Could Receive Back Payments Soon 

     

    Some highlights:

    Sources say the powerful China Film Group is mulling a temporary settlement to resolve the tax dispute, with a permanent solution in the works.

     

    BEIJING -- A solution in a tax dispute in China that has resulted in long delays in box-office payments to Hollywood studios could be coming soon, as the state film giant, China Film Group, explores interim solutions ahead of a more permanent resolution in coming weeks. 

     

    Meanwhile, the country's top film industry body, the State Administration of Press, Publication, Radio, Film and Television (SAPPRFT), remains in talks with the country's tax bureau to waive the 2 percent luxury tax on theater tickets, and the issue is due to be tabled at the next meeting of the State Council, which is chaired by Premier Li Keqiang.

     

    The tax had previously been waived in a bid to boost the film business, but under changes in China's corporate tax law, the tax bureau insisted on a 2 percent withholding tax for all imported movies, similar to a 2 percent withholding tax that other foreign companies in China have to pay.

     

     

     

    China Box Office Thread | Oppenheimer-August 30

    in China At The Box Office

    Posted · Edited by Ay72998

     

    So it involves around a 2 percent luxury tax (value-add tax) that China Film Group insist that Hollywood studios should pay before receiving their share. 

     

    However, its no surprise that most studios are trying to play this down or stay silent, with China becoming more and more important to Hollywood films' grosses.  Also, exporting Hollywood films in China is a one way street, as its not as if Chinese-language films are banking on money in North America.   Chinese films don't have stakes in this, American films have a lot on the other hand.

     

     

     

    In almost any other circumstance, Hollywood studios would balk at allowing their movies to continue to be released in the country. But with China on track to become the largest moviegoing market in the world within the next five years, studios are reluctant to hold back product as they establish a long-term foothold.

    http://www.hollywoodreporter.com/news/hollywood-studios-havent-been-paid-594939

     

     

     

    But even with millions of dollars at stake , studios seem unphased: Top executives have expressed confidence that China and the U.S. will resolve their tax issues. Adding to Hollywood’s patience, perhaps, is the fact that China is the fastest-growing movie market in the world – and one that has been largely closed to the U.S. in the past.

    http://variety.com/2013/film/news/hollywood-studios-denied-payments-from-china-1200503744/

    China Box Office Thread | Oppenheimer-August 30

    in China At The Box Office

    Posted

    I think in the case of Tiny Times, the film adaptation was already made (as one film), but they decided to split it into two films, and release them at separate time.  So its kind of like Tiny Times part 1 and part 2.  

     

    And from what I understand, this is just for the first book.  I think here are three books in the Tiny Times series.  So if it goes well, the other two books might get similar treatments.

    China Box Office Thread | Oppenheimer-August 30

    in China At The Box Office

    Posted · Edited by Ay72998

    Le Vision are rushing onTiny Times 2. Sequel coming right the next month, even the final Twilight movie waited for one full year, Taichi 2 did that last year and dropped from the first one. So I think TT2 gross will inevitably drop from TT too.

     

    Competition is one thing to worry in December, but they probably also want to cook another meal while the pot is till hot. TT had serious critic crisis. They probably dont want to wait another five month to start another compaign all over again, and lose more fans.

     

    Huayi's Mr Go, opening 7.18, will do great I think, maybe another Croods.

     

    The Great Gatsby is likely to be released in August.

    How do you think Jay Chou's new film The Rooftop will do?  What about After Earth?  I think its opening this weekend in China?

     

    Also, is the Tiny Times 2 August 9th date confirmed?  That seems really soon considering the first film is still in theatres.

     

    And what is Mr. Go?  A Chinese animated film?  How do you think it will do?

    China Box Office Thread | Oppenheimer-August 30

    in China At The Box Office

    Posted

    didnt know about that, but it is getting "great" raves now here in Mainland. Watched the trailer, not my type of movie. Thinking $30M tops.

    Well, horrible reviews maybe isn't the right word.  It got admiration from some critics who are fan of the tone of the film, but mainstream English-language press mostly panned the film.

     

    Do you think its going to do better than Drug War?

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