Painted Skin: The Resurrection
Slick fantasy vehicle for three Mainland stars is in a different league to the 2008 film.
Stalingrad wins China box office battle
Rigor Mortis top HK film for second weekend
Manila to host World Premiere Film Festival
Event in partnership with Shanghai IFF
Wang Lee-hom to headline Annihilator
Chinese-American actor takes superhero role
Three films share prizes in Shanghai
The Major, Reliance and Unbeatable sweep awards
Shanghai celebrates female New Talent
South Korea's Very Ordinary Couple takes top prize
The power of the author in China and Hollywood
Directors' guilds compare notes
Bone and Journey score at Pitch & Catch
Shanghai project market favours local projects
To be young and directing
Seven new film-makers share their perspectives in Shanghai
Calling for diversity in Chinese cinema
High-powered Shanghai panel on trends, opportunities and Switch
Stone and To ignite Shanghai
Two auteurs on Edward Snowden, screen violence and Hong Kong cinema's identity
High profile Chinese films lock dates
Dates for Badges of Fury, The Palace, My Lucky Star and Monkey King
Shanghai has another glamorous opening
Awards presented to Oliver Stone and Tsui Hark
Shanghai struts its A-list credentials
World's two biggest film industries face-off in China
Shanghai harks back to Hark
Hong Kong director to be awarded at festival
Man of Steel to superpower Shanghai
Snyder and Cavill to attend China premiere
Monsters University to open Shanghai
Festival picks first animated opener
Shanghai adds two to competition
Barbara Wong drama, Russian biopic compete for Goblet
Shanghai has action-packed competition
New commercial direction for China's A-list festival
Shanghai hitches Hitchcock tribute
Restored work to receive Asian premiere
Hooper to head Shanghai jury
Festival to screen UK director's work
Oriental Dreamworks unveils Tibet Code
Adventure story based on popular Chinese novels
Beijing festival opens Playbook
China's second festival seeks to supersede Shanghai
Josephson joins Annihilator
Chinese superhero franchise adds producers
Masoumi and Gao grab Golden Goblets
Bear and Beijing Blues win at Shanghai
Shanghai Talent award goes to India's Kshay
Depiction of obsession heads for theatrical release
Chinese film struggles with online video
As video sector seeks stable business model
Chinese cinema at a crossroads
Andre Morgan argues that Hollywood is no long-term threat
Chinese story-telling sparks lively debate
US execs see strengths, locals spot weaknesses
Feng portrays drama of 1942
Seven times over budget, but worth it, says film-maker
Shanghai premieres are Skin deep
Upcoming films promoted on red carpet, not with screenings
Shanghai off to razzle-dazzle start
Chinese festival launches with exceptional red carpet parade
Shanghai adds Asian films to competition
New films by Gao Qunshu, Huo Jianqi and Uchida Kenji added
Resurrection set as Shanghai opener
Fantasy action film gets red carpet treatment
Shanghai secures world-class jury
Li Bingbing and Heather Graham to bring glamour to festival
Shanghai announces local projects
Faeries, accidental kidnappers and an abandoned bride headline ambitious scripts
Shanghai competitions spotlight China and India
One Asian film announced so far in festival's international competition
Lee's Annihilator attaches Real writer
Storm brews up Chinese super-hero project
Opportunity knocks in China
Dan Mintz on the quota fallacy, studio blunders and Hollywood's ticking clock
Shanghai rewards Turkish, Thai and Chinese films
Four films share prizes at SIFF closing ceremony
Shanghai explores genre conundrum
Censorship, marketing and investment issues dominate SIFF forum
He reveals secret cost of co-productions
Chinese film-maker gets reaction from bloggers, gov't
Japanese films win SIFF's Asian awards
Taiwan's Teng Yung-hsing named best director at Shanghai ceremony
Dadi bends genres with Coming Back
Time travel action film closes deals in Shanghai
Sharp elbows and acid tongues at Shanghai seminar
Finance panellists take aim at each other, Medavoy tweaks Weinstein
Murdoch calls for China free trade
News Corp boss praises and pokes at Middle Kingdom
Shanghai has starry opening
Feng Xiaogang and Susan Sarandon honoured
Shanghai reveals New Talent
Two films each from China, Japan and Philippines
Bunny drops on Shanghai
First competition titles include three from Asia
Italy and China share SIFF goblets
Three awards each to Kiss Me Again and Deep in the Clouds
Lost in Touch is top project at SIFF
Seven-year itch drama is awarded Most Creative Project in Shanghai
US and China fail to see eye to eye
Shanghai seminar highlights problematic relationships
Co-Production Film Pitch & Catch selects 26
Shanghai's second project market announces diverse lineup
National fund unveils multinational slate
By Patrick Frater
Tue, 19 June 2012, 07:30 AM (HKT)
Chinese movie fund National Film Capital 國影投資基金 is to pour some $230 million into a slate of film projects, including Stan LEE's Chinese superhero project Annihilator 中國超級英雄, as well as a programme of cinema building operations.
Kathy PENG, co-founder of National Film Capital, said that the fund is raising finance in three tranches, of RMB80 million ($12.7 million), RMB360 million ($57 million) and RMB1 billion ($159 million). The first two tranches have raised cash from Chinese and Hong Kong investors and have now closed.
The fund's capital will be disbursed as debt or equity that is "neither first nor last" in to a project. Although she did not reveal any absolute cash ceilings, Peng said that the fund will cap its investment at 40% of a film's budget.
The kinds of projects it is seeking to back are large, globally commercial projects that have a Chinese story and can be told with US quality scripts and styles. NFC may favour either English-language or Chinese-language titles and has already put RMB20 million ($3.2 million) into Painted Skin: The Resurrection 畫皮Ⅱ (2012), the fantasy action film that was the opener of the Shanghai festival.
"Our aim is to take a global view and to minimise risk," said managing director WANG Guowei 王國偉. "We don't want to only do hardware or software investment. We'll place an emphasis on talent." Yang said that the fund will also include a P&A funding component. Other presenters said that co-productions will be favoured and that the fund may act as a bridge between the Chinese and overseas industries.
The largest financial commitment to date is to The Annihilator, on which NFC will be a Chinese producer and a global partner. The film, scripted by Dan GILROY and envisaged as the first of three pictures in a Chinese superhero franchise, has a budget of $120 million. It has been developed by Eric MIKA's Magic Storm Entertainment LLC with development finance from Hong Kong's Rocco Capital. China's One Gate Capital is also aboard. Lee was not present at the Shanghai announcement, but sent a video message.
The Dragon's Scroll, a 3-D project, based on CrossGen Comics property Way Of The Rat, that was previously developed by DreamWorks and was acquired from Disney. The fast-paced action-fantasy that goes heavy on the martial arts is produced by Shimon Arama and directed by two-time Oscar-winner Charlie GIBSON from a script by Chuck RUSSELL. Production is expected to get underway in November with the $80 million plus picture structured as a China-France-Spain-Canada co-production that may also lead to a spin-off TV series.
Genghis Khan, an epic tale of the 8th century warlord, his defeat in battle, recovery while in exile and triumphant return as conqueror of Mongolia and Peking. The film is written and to be produced by Peter DOYLE, with pre-production scheduled to start in January and production get underway in Spring 2013. Doyle said that he is in advanced negotiations with a major director and that the film will boast a budget of $100 million including P&A.
The Bombing of Chongqing 重慶大轟炸, a big-budget drama about the sustained Japanese bombing of the inland Chinese city over a period of five years, to be made in Chinese by director Xiao Feng and produced by Wang Chuan.
The Tibet Code 藏地密碼, an English language film based on the series of detective books by HE Ma 何馬 that were best sellers in Chinese and English. NFC said that it had acquired adaptation rights to the series, and envisaged producing up to six films each with budgets of over $80 million and Warner Bros as a partner.
Silent Flute, a $25 million action-fantasy, set in a post-apocalyptic future and in which a seeker embarks on a hero's journey to a city which may have survived the apocalypse. The film, which includes a significant martial arts component, is based on the last script by the late Bruce LEE 李小龍. Producer Allan HATCHER reports that he has obtained the go-ahead from the Lee family estate and expects to move into production in 2013.
1421, a historical adventure focusing on Chinese admiral Zheng He, adapted from the controversial Gavin Menzies bestseller 1421: The Year China Discovered The World.
-197°C Murder 冰裸殺, a Chinese-language picture to be produced by Hong Kong's WONG Jing 王晶, directed by WANG Guangli 王光利 and star Jordan CHAN 陳小春 and Simon YAM 任達華. Production is set to get underway in September in Shanghai.
Painted Skin: Resurrection.
Previously known as China Mainstream, the fund aims to recoup its money in a period of three to five years. That period will likely coincide with the peak rate of new cinema building in China. The country, which is still severely under-screened for the size of its population, currently has some 9,000 screens operated by 43 cinema circuits. NFC says it may earmark up to 25% of its capital for its participation in the next round of cinema building.