The agreement gets the Chinese film company, led by CEO Yu Dong, to 35 giant screens in all set to open by 2022.
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The Great Wall opened to a paltry box office amount of $18.1 million in the US during the President's Day weekend.
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In a deal that was mooted earlier this month, China’s Recon Holding has reached an agreement to acquire a majority stake in Millennium Films.
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The Chinese film market will see two movie adaptions based on two phenomenal video games – "Assassin's Creed" and "Resident Evil" – vie for box office earnings this weekend.
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American drama "A Dog's Purpose" will opens in China on March 3rd. Hugh Jackman's final standalone Wolverine movie "Logan" will be meeting Chinese and US audiences at the same time.
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Chinese online video firm iQIYI has raised $1.53 billion through the sale of convertible debt. The new finance will allow it to keep investing in content and services as the streaming sector develops.
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Adapted from a popular online novel of the same name, a TV series called 'Ten Miles of Peach Blossom' has hit the small screen during the Spring Festival.
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Alibaba Pictures, the filmmaking arm of Jack Ma's e-commerce giant Alibaba Group, is warning investors to brace themselves for a revelation of major losses.
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"xXx: Revenge of Xander Cage” held off new releases “Sing” and “La La Land” to win its second successive weekend at the Chinese box office.
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Huayi Brothers Media is shifting its production strategy. It will deliver upwards of four massive, local blockbusters per year and put increased emphasis on quality.
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