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netflix_logo

Back in the spring, you might remember that we called attention to the fact that Netflix‘s library of movies and television shows had shrunk significantly in the past two years. In fact, statistics pointed out that the streaming services entire catalog had decreased by 31.7% during that time. The reason for this, in addition to increased competition from the likes of Hulu, Amazon and other content-streaming services, was Netflix’s push to keep their library of original programming growing. Now we have word that it’s only going to get worse. In a conference call with investors at the Goldman Sachs Communacopia …
Train To Busan

The rights to remake South Korean zombie smash hit Train to Busan are currently the subject of a potential bidding war between a number of large US and European movie studios. Train to Busan, an action-thriller written and directed by Yeon Sang-ho (Seoul Station, The Fake), tells the story of a small number of train passengers attempting to survive a zombie outbreak in the South Korean capital city of Seoul. The film has been racking up plaudits worldwide for its inventiveness and fantastic set-pieces, and was also received very favourably during its screening at the Cannes Film Festival back in …
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“Independence Day: Resurgence” has launched impressively in international markets with US$102.1 million in 57 markets with 21,872 screens. China led the way with US$37.3 million at 6,047 sites, representing the fourth-highest weekend in that market for a Fox title. That nearly matched the somewhat disappointing U.S. opening of US$41.6 million. South Korea led the rest of the pack with US$7.4 million at 926 sites, followed by the U.K. with US$7.3 million from 1,555, Mexico with US$6.8 million at 2,783 and Taiwan with US$3.7 million at 300. India opened with a bang, generating US$3.5 million for the biggest Fox opening of …
Zootopia

Defying all odds, Disney Animation Studios’ Zootopia has crossed the US$1 billion mark at the global box office, becoming the second film of 2016 to achieve the milestone after fellow Disney title Captain America: Civil War. Furthermore, Zootopia is only the fourth animated title in history to reach US$1 billion after Disney Animation’s Frozen (US$1.277 billion), Illumination Entertainment’s Minions (US$1.159 billion) and Pixar’s Toy Story 3 (US$1.063 billion), not accounting for inflation. Read the full article here >> via: The Hollywood Reporter Image Credit: Disney Movies

The value of the online video sector in Asia Pacific is set to swell from an estimated $13 billion this year to $35 billion by 2021. That is a growth rate of 22%, according to regional media consultancy Media Partners Asia. Its report – Asia Pacific Online Video Distribution – shows China representing 76% of the total, with the next four territories Japan, Australia, South Korea and India, accounting for a combined 17%. In the online subscription video-on-demand (SVoD) segment, MPA expects total paying customers to grow from 177 million by 2016 to 360 million by 2021, with China representing …
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Two new Chinese movie releases and a still strong “Zootopia” this weekend dashed expectations that “Batman v Superman: Dawn of Justice” would be a breakout hit in China this year. “Batman v Superman” occupied fourth spot of the Chinese box office on each of Friday, Saturday and Sunday, but ranked third over the three-day period, earning US$12.6 million (RMB81.8 million,) narrowly ahead of “Zootopia” which earned US$12.5 million (RMB81.4 million.) That represented a 78% drop from the superheroes’ first weekend. After 10 days “Batman v Superman” stands on a cumulative of US$86.2 million (RMB560 million.) Action drama “My Beloved Bodyguard” …