Latest news with #Zha2
Yahoo
23-04-2025
- Business
- Yahoo
Imax CEO Downplays Hollywood's China Risk Amid Trade War — 'Will Largely Target Films With Limited Box Office Potential'
Imax CEO Rich Gelfond urged calm amid 'noise around tariffs, China, and speculation about the potential impact on the Hollywood slate.' Imax has a division in China and heft exposure there. In opening remarks on a call after first quarter earnings, Gelfond said 'the fundamentals of our business have never been stronger' but 'that fact has been obscured' in recent weeks, since China said it would 'moderately' limit the number of Hollywood films it accepts in retaliation for mind-boggling tariffs the Trump administration has imposed on Chinese imports to the U.S. More from Deadline Imax Sees Record Q1 Global Box Office Led By China Phenom 'Ne Zha 2' Media & Tech Stocks Extend Rally As Trump Softens Stance On China Tariffs, Fed Chief White House Correspondents' Weekend: In Trump 2.0, The Parties Continue, But The Dinner Will Be Very Different 'We' worked deeply at this issue. We talked to every studio and our industry partners throughout China, cultivated across our 30 years of doing business in the country. and we're highly confident that the, quote, moderate reduction in Hollywood imports announced by China Film Administration will largely target films with limited box office potential in the market, a smaller budget kind of fare, not the kind of films that drive Imax's business. So we're not letting the noise distract us from the opportunity ahead.' The company posted its best Q1 global box office ever. Thunderbolts from Marvel Studios opens April 30 in China. 'That's been approved,' he said. Disney's Lilo & Stitch 'has just been dated in China … We've talked to Hollywood studios and they expect their films to get in. Our contacts in China have told us that any reductions, if there are any, would be less financially' impactful than the usual Imax fare, he reiterated during a Q&A. 'I don't think the moderate film reduction will have a material effect on Imax.' Tariffs on Chinese goods, now at 145%, have been squeezing supply chains for U.S. companies and killing the stock market. Shares rallied today as Trump appeared to take a softer stance, then retreated from highs after Treasury Secretary Scott Bessent said that as of yet there's been 'no unilateral offer from the president to deescalate' that trade war. Gelfond doesn't anticipate any blowback from Chinese consumers who consider Imax an American brand, he said in response to a question. 'We have 800 theaters. It's like a local prestige brand … and it is a Canadian company for those of you who don't know that.' Best of Deadline 'Wednesday' Season 2: Everything We Know About The Cast, Premiere Date & More 2025-26 Awards Season Calendar: Dates For Tonys, Emmys, Oscars & More 'The Last Of Us': Differences Between HBO Series & Video Game Across Seasons 1 And 2
Saudi Gazette
10-02-2025
- Entertainment
- Saudi Gazette
Chinese film stirs national pride, rakes in $1bn in days
HONG KONG — An animated film about a boy who battles demons with his magical powers has become China's highest-grossing film ever and a source of national Zha 2, based on a Chinese mythological character, has raked in more than 8 billion yuan ($1.1bn; £910m) during the week-long Lunar New Year holiday, according to ticket sales tracker broke the record set by 2021's The Battle of Lake Changjin, a propaganda film about the 1950s Korean War, which earned about $ Zha 2 is being hailed as a symbol of progress in Chinese film, which has long trailed Hollywood despite a massive domestic off its domestic success, Ne Zha 2 will be shown overseas next week, including in the US, Canada and Chinese viewers, Ne Zha 2 shows how locally-made films are becoming competitive globally."It not only showcases the strong power of Chinese animation after its rise, but also demonstrates the infinite possibilities of traditional Chinese mythology in the modern context," reads one review on hope it could earn another $1bn and surpass the world's highest-grossing film of all time, 2009's Avatar."Now it's over to the Chinese people overseas to chip in," read one comment on ticket sales in China surge during the Lunar New Year festivities. This season saw Chinese films rake in $1.3b during the weeklong holiday period, underscoring an increase in consumer spending that Chinese authorities have been hoping from setting a new box-office benchmark in China, Ne Zha 2 is also the first movie ever to cross $1bn in a single market, according to Hollywood publication Zha 2 has been praised for its script and visual effects. Figurines of the movie's characters have flown off the shelves as fans flock to cinemas. It builds on the success of the 2019 film Ne Zha, which made more than $725m and is China's fifth highest-grossing film of all time. — BBC
BBC News
10-02-2025
- Entertainment
- BBC News
China: Ne Zha 2 rakes in $1bn in days and stirs national pride
An animated film about a boy who battles demons with his magical powers has become China's highest-grossing film ever and a source of national Zha 2, based on a Chinese mythological character, has raked in more than 8 billion yuan ($1.1bn; £910m) during the week-long Lunar New Year holiday, according to ticket sales tracker broke the record set by 2021's The Battle of Lake Changjin, a propaganda film about the 1950s Korean War, which earned about $ Zha 2 is being hailed as a symbol of progress in Chinese film, which has long trailed Hollywood despite a massive domestic market. Hot off its domestic success, Ne Zha 2 will be shown overseas next week, including in the US, Canada and Chinese viewers, Ne Zha 2 shows how locally-made films are becoming competitive globally."It not only showcases the strong power of Chinese animation after its rise, but also demonstrates the infinite possibilities of traditional Chinese mythology in the modern context," reads one review on hope it could earn another $1bn and surpass the world's highest-grossing film of all time, 2009's Avatar."Now it's over to the Chinese people overseas to chip in," read one comment on ticket sales in China surge during the Lunar New Year festivities. This season saw Chinese films rake in $1.3b during the weeklong holiday period, underscoring an increase in consumer spending that Chinese authorities have been hoping from setting a new box-office benchmark in China, Ne Zha 2 is also the first movie ever to cross $1bn in a single market, according to Hollywood publication Zha 2 has been praised for its script and visual effects. Figurines of the movie's characters have flown off the shelves as fans flock to builds on the success of the 2019 film Ne Zha, which made more than $725m and is China's fifth highest-grossing film of all time.
