Alibaba Pictures

Alibaba Pictures
Industry Film
Headquarters China
Key people
 Zhang Qiang (CEO)[1]
Parent Alibaba Group

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 renamed ChinaVision as Alibaba Pictures Group. Alibaba Pictures will distribute Wolf Totem and The Ferryman in 2015. 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

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]

Filmography

References

  1. 1 2 "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. 1 2 Frater, Patrick (March 29, 2016). "Alibaba Pictures Achieves First Profits". Variety. Retrieved March 30, 2016.
  10. ↑ "'Mission: Impossible – Rogue Nation’ To Receive Investment From Alibaba Pictures". June 24, 2015. Retrieved August 3, 2015.
  11. ↑ Tartaglione, Nancy (January 3, 2016). "‘Star Wars’, Local-Language & Family Pics Lead; ‘Sherlock’ Shines In Korea – Intl B.O.". deadline.com. Retrieved January 4, 2016.
  12. 1 2 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.
  13. ↑ Ali Jaafar (June 4, 2015). "Alibaba Pictures Plans To Raise $1.6 Billion Through Share Sale". deadline.com. Retrieved June 17, 2015.
  14. ↑ "Film in Production". english.entgroup.cn. EntGroup Inc. Retrieved October 3, 2015.
  15. ↑ 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.
  16. ↑ Frater, Patrick (January 25, 2016). "Vicky Zhao to Direct Animated ‘My Fair Princess’ for Alibaba Pictures". Variety. Retrieved February 6, 2016.
  17. ↑ Frater, Patrick (April 17, 2016). "Italy’s Giuseppe Tornatore to Shoot Movie for China’s Alibaba Pictures". Variety. Retrieved April 22, 2016.
  18. ↑ Kroll, Justin (April 6, 2016). "Skydance, Alibaba Team Up on World War II Movie ‘Flying Tigers’". Variety. Retrieved April 22, 2016.
  19. ↑ 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.

External links


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