The Asian Football Confederation (AFC) has appointed Match Hospitality Asia as its exclusive provider of commercial hospitality for the upcoming Asian Cup in Qatar. Qatar was announced as the replacement host last year, taking over from China which relinquished its rights to hold the event due to ongoing complications caused by the country’s response to …
Maoyan Entertainment continues to battle pandemic-affected trading conditions
Maoyan Entertainment, an entertainment services provider in China, has witnessed a decrease in its annual financial reporting in 2022, as the country continued to be affected by COVID-19 restrictions. Revenue decreased from RMB 3.3bn (£393m/€450m/$480m) in 2021 to total RMB 2.3bn in 2022, while gross profit was also down from RMB 1bn compared with RMB …
Chinese growth boosts global music market
Huge growth in China and across Asia helped the global recorded music market to grow by 9.0% in 2022, according to IFPI, the organisation that represents the recorded music industry worldwide. Figures released in IFPI’s Global Music Report show total trade revenues for 2022 were $26.2bn. Subscription audio streaming revenues increased by 10.3% to $12.7bn …
Chinese cinema strives for post-COVID recovery
Chinese cinema is aiming for a post-COVID recovery with its latest spate of films and the holiday period. Statistics from the China Film Administration on January 28 showed that China’s movie box office revenue had reached nearly 6.76 billion yuan (£812m/€912m/$1bn) during the Spring Festival holiday. This is the second-highest gross figures for this holiday …
Visitors locked in again at Shanghai Disney due to China’s zero-COVID policy
Shanghai Disney has shut its gates thanks to China’s zero-COVID policy, with visitors trapped inside. Disney fans were told they are not allowed to leave until they could present a negative test. The closure comes after Shanghai reported 10 locally transmitted cases on Saturday. China still has strict regulations in place surrounding COVID-19, despite the …
Shanghai International Film Festival cancelled
The Shanghai International Film Festival, which is traditionally held in mid-June, has been cancelled, showcasing the continuing difficulties surrounding the COVID-19 epidemic in China. The 25th edition of the festival will be held next year instead. In 2020, the festival moved its dates from June to August after cinemas were closed due to the pandemic. …
Shanghai Disney Resort shuts gates once more
Shanghai Disney Resort has closed once again due to the ongoing COVID-19 epidemic in China. The parks that make up the resort closed their doors yesterday (Monday) until further notice. In a statement, Shanghai Disney Resort said that all tickets for March 21 and onwards will be extended for another six months, when operations resume. …
Chinese New Year looks set for record Box Office takings
Some RMB220m ($35m/£26m/€31m) in advance ticket sales have been taken for The Battle at Lake Changjin II for the film’s opening day alone, which looks set to conquer China’s box office ahead of the week-long Chinese New Year holiday. According to state-owned Global Times, The Battle at Lake Changjin II is leading other films due out on …
TikTok owner ByteDance acquires cinema ticketing platform
Beijing-based ByteDance, an internet technology firm, has acquired cinema ticketing platform Leyinghui Cultural Media Co and comic platform Yizhikan. ByteDance, which also founded video-centric social media platform TikTok, has purchased Leyinghui from Shanghai-based Sky City Industrial Co. Leyinghui is a service provider of films, gifts, film entertainment marketing and other services. The company covers over …
No general sale for Beijing 2022 tickets
The organising committee for the upcoming Winter Olympics in Beijing has announced today (Monday) that tickets for the Games will be distributed as part of an adapted programme that will invite groups of spectators to attend events. The International Olympic Committee (IOC) had previously announced that tickets for the Games would be placed on general …