Filmart: Download THR's Day 2 Daily

A look at how Donald Trump's trade rhetoric is being criticized in Asia, and exclusive news of a planned 'Devil Wears Prada' remake.

The Hollywood Reporter released its second Hong Kong Filmart daily issue, featuring a look at how Donald Trump's trade rhetoric is being criticized in Asia, an alert that China's Wanda will consolidate its film units and exclusive news of a planned Devil Wears Prada remake.

The Donald Trump Effect
The rise of leading Republican nominee Donald Trump has been watched with a mixture of bewilderment and irritation in Asia, particularly in China and Japan, two countries he's vehemently criticized over trade issues. The specter of Trump as U.S. president has raised fears among some Filmart attendees that his rhetoric would negatively impact cross-border deals, while his opposition to international trade deals could prevent the extension of copyright protection on content.

Wanda's Next Moves
Chinese conglomerate Dalian Wanda Group is planning a major restructuring of its film assets. According to a new filing, Wanda plans to inject its movie production subsidiary Wanda Pictures into its publicly traded movie theater unit, Wanda Cinema Line Co., whose stock trades on the Shenzhen Stock Exchange. Legendary Entertainment, which the Chinese conglomerate agreed to buy for $3.5 billion in January, is expected to become part of Wanda Pictures as soon as the deal closes.

Devil Wears Prada in China
China's Desen International Media is to remake the 2006 Fox hit The Devil Wears Prada, THR learned exclusively. The fashion focused comedy that starred Anne Hathaway and Meryl Streep will relocate from New York to Shanghai in the Chinese-language version.

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