Shanghai Fest Shines Light on Internet, Finance Models

By Shackleton, Liz | Screen International, June 15, 2015 | Go to article overview

Shanghai Fest Shines Light on Internet, Finance Models


Shackleton, Liz, Screen International


Shanghai International Film Festival's SIFF Forum spent the first two days debating how the entry of BAT (Baidu, Alibaba and Tencent) and other tech giants will impact a film industry that has only existed as a commercial enterprise for the past 15 years.

Speaking at the first session, Alibaba's digital chief Patrick Liu said the company would launch an SVOD and TVOD streaming service, Tmall Box Office (TBO), in the next two months. Content will be sourced from China and overseas studios such as Lionsgate, which struck a streaming deal with Alibaba last year.

On the sidelines of the forum, Alibaba also revealed further details of its Yulebao crowdfunding platform, which has already raised $110m for around 20 Chinese movies and, if regulations allow, could also be expanded to invest in Hollywood films.

However, when the talk turned to whether China's 'traditional' studios, such as the 15-year-old Bona Film Group and even younger Enlight Media, would be engulfed by the tech industry, both sides repeated the 'content is king' mantra.

"When I first met [Alibaba founder & chairman] Jack Ma, he said he wants to disseminate content through more channels and he reaffirmed that you need good content to expand the industry," said Enlight chairman Wang Changtian, whose company received $380m investment from Alibaba earlier this year.

"We're in a good position because content is the core of everything. We're working for the audience - not BAT or Jack Ma."

Bona Film Group chairman Yu Dong sounded more cautious: "We need to ask whether we're ready for this transformation - the immaturity of the film industry, coupled with the impact from imported films, may lead to collapse."

He added that the internet giants are creating a digital ecosystem that could help movies to flourish, but warned against it becoming a "closed loop".

"Within this loop, content is the one link that can't come from the internet because owning an intellectual property doesn't mean you have a script," said Yu, who was announcing a 26-picture slate with leading producers and directors later that day. "Translating IP into movies takes talent and that is the place reserved for the movie industry. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Shanghai Fest Shines Light on Internet, Finance Models
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.