Alibaba Pictures

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Alibaba Pictures
Industry Film
Headquarters China
Key people
Zhang Qiang (CEO)[1]
Parent Alibaba Group
Subsidiaries Amblin Partners (minority stake)
Website www.alibabapictures.com

Alibaba Pictures Group is a Chinese film company under Alibaba Group. The film company was formerly ChinaVision Media, of which Alibaba Group bought a majority stake in late 2014. It subsequently was renamed from ChinaVision to Alibaba Pictures Group. By April 2015, it was the largest Chinese film company by worth, with a market value of US$8.77 billion[2] and by June of the same year it was worth US$9.6 billion.[3]

History[edit]

In March 2014, Alibaba Group bought a 60% stake in ChinaVision Media for $805 million.[4] Alibaba initially registered a film company in the following April with the name Alibaba Films Group before changing it to Alibaba Pictures Group later in the month. Two heads from ChinaVision were listed as directors of Alibaba Pictures.[5] In June 2014, ChinaVision Media was officially renamed to be Alibaba Pictures Group.[6] The following July, Zhang Qiang resigned as vice president of China Film Group to become the head of Alibaba Pictures.[7] Later in the month, Alibaba Pictures entered agreements with filmmakers and film companies, including director Wong Kar Wai and the Hong Kong-based film production company Block 2.[8]

The company purchased Yueke and at the end of 2015, Taobao Movie and Yulebao.[9] On October 9, 2016, Amblin Partners struck a deal with Alibaba, in which Alibaba acquired a minority equity stake in the company and will handle marketing, distribution, and merchandising of Amblin Partners films in China in addition to co-financing Amblin and DreamWorks films worldwide.[10][11] As described by the Financial Times, "Amblin Partners and Alibaba Pictures teamed up to "finance, produce, market and distribute films in China and globally."[12] Alibaba Pictures released the projection in February 2017 that its unaudited 2016 losses could be over US $140 million. The company stated the losses resulted from a promotion known as Tao Piao Piao, where theater tickets are subsidized.[12]

Filmography[edit]

References[edit]

  1. ^ a b "Alibaba Pictures In 'Real' Deal; Pacts For First Korean Film Investment". October 12, 2015. Retrieved October 13, 2015. 
  2. ^ Patrick Frater (April 9, 2015). "Chinese Media Stocks Stage Major Rally in U.S. and Asian Markets". variety.com. Retrieved April 14, 2015. 
  3. ^ Rob Cain (June 7, 2015). "Is Jack Ma's Alibaba Pictures Really Worth $10 Billion?". forbes.com. Retrieved June 17, 2015. 
  4. ^ Osawa, Juro (May 12, 2014). "Is Alibaba Going Into the Movies?". The Wall Street Journal. Retrieved January 28, 2015. 
  5. ^ Staff (May 12, 2014). "China's Alibaba registers film company in Hong Kong". reuters.com. Reuters. Retrieved January 28, 2015. 
  6. ^ Ying, Huang; Jing, Meng (June 3, 2014). "ChinaVision becoming Alibaba Pictures". China Daily. Retrieved January 28, 2015. 
  7. ^ Chu, Kathy (July 17, 2014). "Alibaba Hires Zhang Qiang to Run Alibaba Pictures Production Company". The Wall Street Journal. Retrieved January 28, 2015. 
  8. ^ Frater, Patrick (July 20, 2014). "China's Alibaba to Finance Wong Kar Wai Movie Slate". Variety. Retrieved January 28, 2015. 
  9. ^ a b Frater, Patrick (March 29, 2016). "Alibaba Pictures Achieves First Profits". Variety. Retrieved March 30, 2016. 
  10. ^ https://variety.com/2016/film/asia/steven-spielberg-strategic-pact-with-alibaba-pictures-1201883159/
  11. ^ http://deadline.com/2016/10/amblin-alibaba-china-deal-equity-stake-steven-spielberg-marketing-distribution-1201833550/
  12. ^ a b Fei Ju, Sherry; Clover, Charles (April 1, 2017). "China's Hollywood war chest threatened by poor ticket sales". Financial Times. Retrieved April 3, 2017. 
  13. ^ "'Mission: Impossible – Rogue Nation' To Receive Investment From Alibaba Pictures". June 24, 2015. Retrieved August 3, 2015. 
  14. ^ Tartaglione, Nancy (January 3, 2016). "'Star Wars', Local-Language & Family Pics Lead; 'Sherlock' Shines In Korea – Intl B.O." Deadline Hollywood. Retrieved January 4, 2016. 
  15. ^ a b Brzeski, Patrick (April 17, 2016). "China's Alibaba Pictures Invests in Paramount's 'Teenage Mutant Ninja Turtles 2,' 'Star Trek Beyond'". The Hollywood Reporter. Retrieved April 27, 2016. 
  16. ^ Ali Jaafar (June 4, 2015). "Alibaba Pictures Plans To Raise $1.6 Billion Through Share Sale". Deadline Hollywood. Retrieved June 17, 2015. 
  17. ^ "Film in Production". english.entgroup.cn. EntGroup Inc. Retrieved October 3, 2015. 
  18. ^ a b c d e f g h i j Jaafar, Ali (June 14, 2016). "China's Alibaba Pictures Unveils Development And Production Strategy; Intends To Use Online Dominance To Help Creative Partners". Deadline Hollywood. Retrieved June 16, 2016. 
  19. ^ Xu Fan (China Daily) (June 18, 2015). "Internet Giants Move From Behind the Camera to Front". english.entgroup.cn. EntGroup Inc. Retrieved June 19, 2015. 
  20. ^ "Tom Cruise Says 'Mission: Impossible – Fallout' Is "Love Letter" To Paris At World Premiere". July 13, 2018. Retrieved July 24, 2018. 
  21. ^ Kroll, Justin (April 6, 2016). "Skydance, Alibaba Team Up on World War II Movie 'Flying Tigers'". Variety. Retrieved April 22, 2016. 
  22. ^ Rahman, Abid (June 13, 2016). "China's Alibaba Pictures Sets Renny Harlin-Directed 'Legend of the Ancient Sword'". The Hollywood Reporter. Retrieved June 13, 2016. 
  23. ^ Frater, Patrick (June 13, 2016). "Renny Harlin to Shoot 'Legend of the Ancient Sword' for Alibaba". Variety. Retrieved June 13, 2016. 
  24. ^ Brzeski, Patrick (December 1, 2016). "Director Renny Harlin on Staging His Second Act in China (Q&A)". The Hollywood Reporter. Retrieved December 2, 2016. 
  25. ^ Frater, Patrick (January 25, 2016). "Vicky Zhao to Direct Animated 'My Fair Princess' for Alibaba Pictures". Variety. Retrieved February 6, 2016. 
  26. ^ Rebecca Sun and Patrick Brzeski (April 25, 2016). "China's Alibaba Pictures to Remake 'Night at the Museum'". The Hollywood Reporter. Retrieved April 27, 2016. 
  27. ^ Frater, Patrick (April 17, 2016). "Italy's Giuseppe Tornatore to Shoot Movie for China's Alibaba Pictures". Variety. Retrieved April 22, 2016. 
  28. ^ "David Heyman signs on to produce a film version of the "Warriors" children's book series". November 21, 2016. Retrieved May 13, 2017. 

External links[edit]