China

BOX OFFICE: 'Back to 1942' Reaches $212,475 In North America on December 10, 2012

1942.pngChina Lion Film Distribution reports that Back to 1942 grossed $56,604 this weekend in North America, bringing the film's total to $212,475.

The film has been in release for 10 days and is currently playing on 18 screens.

DreamWorks Animation Names Michael Francis as Chief Global Brand Officer on December 10, 2012

DreamWorks Animation CEO Jeffrey Katzenberg has created the new position of Chief Global Brand Officer and appointed former J.C. Penney President Michael Francis to the role.

Francis, in his new role, will be charged with expanding the brand names established by DreamWorks such as the Shrek and Kung Fu Panda series.

Included in their strategy is the plan to build an animation studio in Shanghai, China. DreamWorks expects the studio could employ more than 2,000 workers once operational.

[LA Times]

BOX OFFICE: 'Life of Pi' Tops 'Dark Knight Rises' & 'Amazing Spider-Man' on December 09, 2012

lifeofpichineseposter.jpg12/10 Update: Life of Pi grossed an actual result of $14.6 million in China this weekend. The cume is now $68.28 million.

Previously: 20th Century Fox reports that Life of Pi continues its excellent run in China. The film pulled an estimated $14.6 million this weekend, up an outstanding 6 percent over last weekend.

That pushes the film's Chinese cume to $68.3 million after three weekends in release. Life of Pi now ranks #17 on the all-time Chinese box office chart, just behind Inception ($70.4 million) at #16.

'Iron Man 3' Filming Begins Monday; Adds Wang Xuequi to Cast on December 09, 2012

Marvel and DMG Entertainment are prepping to begin the Beijing portion of shooting for Iron Man 3 on Monday. This weekend comes the announcement that well-known Chinese actor Wang Xuequi has been cast in the mysterious role of Dr. Wu.

Marvel is still in the process of filing for co-production status with China, which will be a huge Chinese market advantage for the film next summer once approved.

[Deadline]

Chinese Production Companies Get Boost from Tax Exemption on December 07, 2012

China's Ministry of Finance announced this week that more industries will begin seeing tax-related benefits in an effort to encourage burgeoning sectors of the country.

In particular, Chinese film production companies will be exempt from a value-added tax for transferring film copyrights between December 1, 2012 throughout 2013.

[EntGroup.cn]


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