Alibaba, China’s e-commerce and entertainment conglomerate, said Monday that it is committing Hk$5 billion ($640 million) over five years to the development of Hong Kong’s film and TV industries.
The move was announced on the first day of FilMart, the annual rights market for the Asian industries, at an event attended by Fan Luyuan, chairman and CEO of Alibaba’s digital media and entertainment unit, and Kevin Yeung, the Hong Kong government’s secretary for culture, sports and tourism.
Alibaba’s Hong Kong Cultural and Art Industry Revitalization Program “will focus on film production and distribution, rights acquisitions, TV series production, investments in concerts, collaboration with performance venues and talent development, etc. It will also work with leading local film and TV companies to co-produce films for cinemas, TV dramas and dramas for streaming platforms,” Yeung said.
He also expects Alibaba’s digital media unit to make Hong Kong its second headquarters.
The move was announced on the first day of FilMart, the annual rights market for the Asian industries, at an event attended by Fan Luyuan, chairman and CEO of Alibaba’s digital media and entertainment unit, and Kevin Yeung, the Hong Kong government’s secretary for culture, sports and tourism.
Alibaba’s Hong Kong Cultural and Art Industry Revitalization Program “will focus on film production and distribution, rights acquisitions, TV series production, investments in concerts, collaboration with performance venues and talent development, etc. It will also work with leading local film and TV companies to co-produce films for cinemas, TV dramas and dramas for streaming platforms,” Yeung said.
He also expects Alibaba’s digital media unit to make Hong Kong its second headquarters.
- 3/11/2024
- by Faye Bradley and Patrick Frater
- Variety Film + TV
Hayao Miyazaki’s acclaimed Studio Ghibli is teaming up with Chinese entertainment company Alibaba Pictures to collaborate on new anime experiences and business initiatives in the greater China market. The two companies signed a strategic agreement to partner on potential animation productions and a major Studio Ghibli immersive exhibition that will launch in China in 2024. The agreement was signed in early January at a previously undisclosed meeting in Tokyo by Ghibli’s longtime lead producer Toshio Suzuki, considered Miyazaki’s right-hand man, and Alibaba Pictures president Li Jie.
The first Studio Ghibli immersive exhibition will take place in Shanghai, according to Alibaba. The Chinese tech giant will use its Damai live-events digital ticketing platform to power the attraction.
Studio Ghibli producer Toshio Suzuki and Alibaba Pictures CEO Jie Li at Studio Ghibli’s offices in Tokyo.
“Enthusiastic fans and viewers will be treated to a captivating and immersive journey, submerging...
The first Studio Ghibli immersive exhibition will take place in Shanghai, according to Alibaba. The Chinese tech giant will use its Damai live-events digital ticketing platform to power the attraction.
Studio Ghibli producer Toshio Suzuki and Alibaba Pictures CEO Jie Li at Studio Ghibli’s offices in Tokyo.
“Enthusiastic fans and viewers will be treated to a captivating and immersive journey, submerging...
- 1/23/2024
- by Patrick Brzeski
- The Hollywood Reporter - Movie News
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