Tag: Bona Film Group

  • Ang Lee to direct ‘Billy Lynn’s Long Halftime Walk’ for TriStar & Studio 8

    Ang Lee to direct ‘Billy Lynn’s Long Halftime Walk’ for TriStar & Studio 8

    MUMBAI: Jeff Robinov’s Fosun-backed Studio 8, together with Chinese distribution company Bona Film Group, will partner with Tom Rothman’s TriStar and Film4 on the adaptation of Ben Fountain’s acclaimed novel Billy Lynn’s Long Halftime Walk, to be directed by three-time Oscar-winner Ang Lee.

     

    The deal brings together several members of the family of companies at Sony Pictures, which will distribute the film worldwide, except for Greater China, which Bona Film Group Ltd will handle. Film 4 will have UK free television.

     

    The film is now set for start of principal photography in mid-April and casting is underway.

     

    In the film, Bravo Company, and 19-year-old private Billy Lynn, survive a harrowing Iraq battle that is captured by news cameras. They are brought home by the US administration for a promotional tour, culminating at the spectacular halftime show of a Thanksgiving Day football game, all while facing an imminent return to the war. Almost the entire movie takes place during the day of the game, with flashes back to the underlying events and Billy’s heroism.

     

    The film will explore new methods, both technological and artistic, with the goal of further engaging the audience. Lee will use the Sony F65 camera shooting in native 3D, high resolution, and with an ultra-high frame rate to create a different cinematic syntax in service of the story. He envisions creating a new way for audiences to experience drama, including the heightened sensation that soldiers really feel on the battlefield and on the home front.

     

    Rothman said, “Ang is pushing the envelope even beyond what we achieved in Life of Pi. Innovation is key to getting audiences out to cinemas now, but such advances often take a brave village. I have long admired Jeff personally and have great respect for Studio 8 and Bona. It’s a neat fit as we are all in the business of trying to do cool things for Sony, not to mention we park right next to each other.”

     

    Robinov added, “Ang Lee’s vision for this remarkable story is incredibly exciting to all of the partners involved and perfectly captures the types of filmmaker-driven movies we want to make at Studio 8. We are thankful that Tom Rothman included us in this fantastic project and are looking forward to working on this together.”

     

    Bona founder, chairman and CEO Yu Dong said, “Since last year, we’ve been working closely with our strategic partner Fosun to explore their resources in the entertainment industry as we roll out our international strategy to grow a significant presence in Hollywood. Having the opportunity to work on Ang Lee’s next film and being the only partner in China speaks to our strong film production and distribution capabilities, as well as marks a very important first step for Bona to gain international recognition. We look forward to participating in more Hollywood mainstream films while at the same time bringing high-quality foreign films to the domestic market.”

     

    Billy Lynn’s Long Halftime Walk will be produced by Marc Platt, Ink Factory’s Stephen Cornwell, Rhodri Thomas and Simon Cornwell, and Ang Lee. The film is being made in association with Film4, which developed the original draft of the script with Simon Beaufoy. The current screenplay revisions are by Jean-Christophe Castelli.

     

    Studio 8, based in Culver City, California on the SPE lot, is funded in partnership with the Chinese investment management firm Fosun Group and with SPE which will distribute up to six films worldwide annually. Studio 8 has secured 1 billion in financing.

  • 2014 ATF and ScreenSingapore most successful edition yet

    2014 ATF and ScreenSingapore most successful edition yet

    MUMBAI: As $256.28 million were exchanged, the 15th edition of the Asia TV Forum & Market (ATF) and 4th   edition of ScreenSingapore, Asia’s leading television and film event,  came to an astounding end.

    The three-day market saw a record number of attendance and a slew of deals secured and partnerships forged from 10 to 12 December at the Marina Bay Sands Convention Centre.

    Reed Exhibitions senior project director Yeow Hui Leng expressed delight at this year’s run and said, “This has been our most successful edition of ATF and ScreenSingapore to-date, and aligns with Asia’s growing importance in the global entertainment content landscape. ATF and ScreenSingapore is designed as an integrated market to provide a platform for industry players to trade and network, as well as to highlight opportunities in the rapidly growing Asian market.  The positive feedback, record number of deals and attendance are testament to ATF and ScreenSingapore’s standing as a leading content market in Asia.”

    Since its integration in 2012, ATF and ScreenSingapore enjoyed consecutive year-on-year participation growth, attesting to the industry’s validation of the event as a mainstay on the global content market calendar. The attendance at this year’s market jumped 10 per cent to 4,836 participants, with some 1,281 companies from 60 countries. This broke the previous record high of 4,385 attendees and 1,179 companies in 2013.

    Zense Entertainment (Thailand) CEO Varavuth Jentanakul, who is a first-time buyer at the event shared, “At ATF we experienced the energy and exposure of a truly international content market. We are closing a new package deal with Endemol, which include two new great  shows Your  Face  Sounds  Familiar to  be  on  air  on  Channel  7  later next  year, and Singer Takes it All.  We are also exploring the possibility of acquiring a large-scale format from Shine.”

    Exhibitors on the market floor unanimously agreed that ATF and ScreenSingapore is a must- visit platform for sellers looking to the Asian markets.

    There were various key announcements made at the market floor such as that of a $100 million media fund launched by Nasdaq-listed Bona Film Group, Singapore private equity investment firm Tembusu Partners and local media entrepreneur Calvin Cheng. The Singapore-based fund targets China’s media and entertainment industry, which is forecast to become the second largest in the world, behind only the US, by 2018.
     

    Bomanbridge Media CEO Sonia Fleck reinforced the event’s relevance to industry players, “We’ve come into ATF closing several major deals in the region for hundreds of hours of programme.” Some of these deals include the sale of It Only Hurts When I Laugh and Life’s Funniest Moments to TV3 Mediawork (New Zealand); Animal Atlas to Thai Public Broadcasting Service (Thailand) and Superbodies to Korean Broadcasting System. Bomanbridge also partnered with leading distributor Banijay International to sell two reality series, Pound Pups to Dog Stars and Village Vets to TrueVisions (Thailand).

    Several Asian networks had purchased formats from various international sellers. This includes sales by US studio Electus to VTV in Vietnam, which is set to air a local version of its format Bet on Your Baby while China’s Dragon TV has re-commissioned the studio’s Fashion Star format. Keshet International’s spy drama MICE (stands for Money, Ideology, Coercion and Ego; and also known as The Gordin Cell) is to be remade in Korea by Korean Broadcasting System (KBS), and due to air in early 2015.

    Some of the other announcements made at the market include:

    –    A  series  of  creative  alliances  forged  with  the  Southeast  Asian  Audio-Visual Association (SAAVA), namely a collaboration with Australia-based crowd-funding portal Pozible and an alliance with the Motion Picture Association of Cambodia (MPAC);

    –    Jack Neo’s Long Long Time Ago, a new two-part movie scheduled for release in 2015 as part of Singapore’s 50th birthday celebrations;

    –    A new 24/7 kids and family television channel by DreamWorks Animation SKG Inc, set to launch in the second half of 2015 in 19 Asian countries;

    –    Fuji  Television  to  launch  full-scale  internet  and  cable  video-on-demand  (VOD) distribution in Singapore through StarHub TV in the first half of 2015, delivering dramas such as Nobunaga Concerto and Dear Sister; and

    –    Strategic cooperation between FOX International Channels (FIC) and Tencent for over 300 hours of programming and documentaries from National Geographic Channel (NGC) documentaries to be made available online in China through Tencent in 2015. The two will also co-produce China-focused programmes.

    This year, the events were also part of the inaugural Singapore Media Festival, which enabled attendees to participate in an expanded suite of activities. Commenting on this, Media Development Authority of Singapore industry operations director Joachim Ng said: “We are encouraged by the many meaningful partnerships forged and vibrant exchange of ideas at the inaugural Singapore Media Festival. It also gave us the opportunity to showcase the best of the region’s film and television content as well as to celebrate its talent. We are confident that future editions of the festival will continue to serve as a platform of choice in Asia for media companies and professionals.”

    Some of the ATF and ScreenSingapore’s event highlights include MIPACADEMY and Animation Lab – continued to be well-received in their second year.  The MIPACADEMY sessions were led by industry veterans such as A2G Studio (France) founder and CEO Alexis De Gemini, Small World International Format Television (USA) president Tim Crescenti, tvN producer/director Park Joon Hwa, CJ E&M (South Korea), long-running Korean variety TV show ‘Infinite Challenge’ producer Kim Tae-ho, YouTube sensation comedy duo, Andrew and David Fung of FungBrosComedy, and the Twitter APAC TV Team.

  • News Corp picks up 19.9% stake in China’s Bona Film

    News Corp picks up 19.9% stake in China’s Bona Film

    MUMBAI: News Corporation has acquired a 19.9 per cent stake in Bona Film Group, a leading film distributor and vertically integrated film company in China, from the company‘s founder, chairman and CEO Dong Yu.
     
    Following the close of these transactions, Yu‘s ownership will be reduced to 8,210,803 ordinary shares (not including options to purchase 545,615 ordinary shares), representing approximately 27 per cent of the company‘s ordinary shares outstanding.
     
    These transactions are expected to close in the next 15 days and are subject to customary closing conditions.
    “One of Bona‘s unique advantages is its vertically-integrated business model, which differentiates the dompany from other film distributors in China,” said News Corporation China investments SVP, News Corporation & CEO Dr. Jack Gao.
     
    “China‘s film market is growing at a rapid pace, positioning the country to be the second largest film market following the United States, and Bona‘s market leadership, compelling value proposition and tremendous growth potential make this an attractive opportunity for News Corporation.”
     
    On his part, Yu has entered into separate agreements to acquire 1,000,000 Bona ordinary shares from SIG China Investments One, Ltd., 1,000,000 Bona ordinary shares from Matrix Partners China Funds and 1,500,000 Bona ordinary shares from the Sequoia Funds, at an average price of $11.40 per share, or $5.70 per American Depositary share.
     
    “We are thrilled to receive this strategic investment from News Corporation. As one of the leading film distributors in China, we are committed to bringing the best quality Chinese films to broad audiences around the world. News Corporation‘s extensive global reach, investment and distribution will help accelerate our strategy to expand our global footprint,” said Yu.
     
    Since its IPO in 2010, Bona has developed its business significantly.”We believe now is the time to diversify our ownership structure by introducing select strategic investors. This is an exciting period of growth for China‘s film industry, and we look forward to exploring the international commercial opportunities for Chinese films with our new partner,” Yu said.