logo
Plus   Neg
Share
Email
Comment

Lionsgate Reveals Approval Of Hunger Games For Early June Release In China

Lions Gate Entertainment Corp. (LGF) announced that The Hunger Games, which has already grossed nearly $620 million at the worldwide box office, has been approved for release in China in the first half of June.

The entertainment company stated that the film will be released nationwide in China with both dubbed and subtitled prints by The China Film Group in conjunction with Lionsgate's promotional partner, Talent International. According to Lionsgate, Hunger Games will be one of the first Hollywood studio films to be released in China under the new blockbuster revenue sharing agreement announced in February that allows Western distributors to collect up to 25% of a film's receipts in China.

Wendy Reeds, executive vice president of Content Sales & Distribution for Celestial Tiger Entertainment (CTE), Lionsgate's venture with Saban Capital Group and Astro's Celestial Pictures in Asia, stated, "We view China as an increasingly important market for our content in Asia. The Chinese box office grew by more than 30% last year to over $2 billion, and THE HUNGER GAMES' approval for nationwide release in China is a major step in translating the enormous commercial potential of this huge market into reality."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Dish Network Corp. on Wednesday reported a surge in profit for the fourth quarter from last year, reflecting an income tax benefit that helped offset the impact of lower revenues. The latest quarter's results were positively impacted by an income tax benefit of about $1.2 billion due to an adjustment to deferred tax assets and liabilities related to tax reform legislation. Shares of Glencore plc were gaining around 4 percent in the morning trading in London after the producer and marketer of commodities reported Wednesday a significant growth in fiscal 2017 profit on strong higher commodity prices. Chief Executive Officer Ivan Glasenberg said, "Our performance in 2017 was our strongest on record, driven by our leading Marketing and Industrial asset businesses." Shares of Orange SA were gaining around 2 percent in the early morning trading in Paris after the French telecom major reported Wednesday a significant growth in fiscal 2017 profit from continuing operations with revenue growth in most regions, mainly France and Spain. In France, revenue grew for the first time since 2009. Attributable net income, meanwhile, declined on the absence of prior
comments powered by Disqus
Follow RTT