Beijing Film Fest: Deals Signed at Market up 32 Percent to $2.23BN
There were 36 deals signed at the Beijing Film Market, up from 32 last year, organizers said.
Organizers of the Beijing Film Market at the fifth Beijing International Film Festival (BJIFF) said there were 140 international exhibitors, exceeding the number of domestic participants for the first time, from 25 countries, a strong increase from last year.
There were 36 deals signed at the Beijing Film Market, up from 32 last year, totaling $2.23 billion, organizers said.
The deals were wheeled out rapid-fire to a gathering of industry figures in Beijing's Millennium Monument. The biggest announcement was the establishment of a studio by former Disney executive Dick Cook, with a $150 million investment from China's Citic Guoan.
Village Roadshow Pictures Asia also signed a deal with Beijing Hairun Pictures for the joint development, financing, production and distribution of movies and unveiled an initial slate of five feature films.
Other deals signed included a tie-up between the newly formed Chinese company Jetavana and international publisher Humanoids to develop a slate of movies from Humanoid's graphic novel catalogue.
The deal was signed by Jetavana founder and CEO Ivy Zhong and Humanoids CEO Fabrice Giger.
Other signings included a New Zealand-China animation, Beast of Burden (the two countries inked a co-production treaty in 2010), a China-Ireland co-production Under the Dancing Stars, the China-U.S.-Australia co-production Loulan and the animated joint venture production Girl of Ashima.
"The film market was organized very well. They had the agents and the industry people from all over the world, and there were lots of skills," said Franck Priot of Film France, the country's national film commission.