China’s leading internet television company unveils a year-over-year drop of 43 percent in its net loss, while its CEO said the outlook for the current quarter will be “relatively weak”.
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The Hong Kong director and mainland Chinese film studio are locked in a war of words over the distribution of earnings for the blockbuster.
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The film took 663 million yuan (105.4 million U.S. dollars) in the week ending Feb. 17, accounting for 67 percent of all ticket sales during the seven-day period, according to EntGroup's statistics.
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“Chinese box office receipts grew a staggering 31 percent—to about $2.75 billion,” Dodd told the assembled audience, pointing out that such growth turned the country into the second largest market.
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"I really treasure that moment," said Lee, recalling the January 2010 ceremony for "Pi," the 3-D epic that is nominated for 11 Academy Awards and has become a surprise box office success around the world.
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China’s movie business continued its rapid growth in 2012 and for the first time in four years, Hollywood imports accounted for the majority of the box office.
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