China's Tencent, Hong Kong's Celestial to Remake Shaw Bros. Classic 'The Magic Blade'

Hong Kong Skyline - H 2013
Gavin Hellier/Jai/Corbis

Hong Kong Skyline - H 2013

Tencent has previously adapted the story of The Magic Blade into a successful online game

The movie production unit of China's web giant Tencent has entered into a partnership with Hong Kong's Celestial Pictures to remake the 1976 Shaw Brothers classic The Magic Blade, Celestial announced.

Directed by Chor Yuen, The Magic Blade was a period martial arts (wuxia) story done in the inimitable Shaw style with top notch fight scenes, costumes and sets. The film starred Ti Lung, Lo Lieh, Tim Lei, Cheng Lee and Ha Ping 

Tencent has previously adapted the story of The Magic Blade into a successful online game.

The remake of The Magic Blade is the latest aggressive move into movie content production by Tencent. It set up its wholly-owned movie production unit, Tencent Pictures, last year, and was an investor in Monster Hunt, the highest grossing film of all time in China.

Tencent is listed in Hong Kong and is also an investor of Huayi Bros., China's major private movie studio.

Celestial Pictures, owned by Malaysia's Astro Holdings, possesses the 760-title Shaw Brothers classic film library, the world's largest Chinese-language film library. It has been producing original content in recent years, including Peter Chan's Perhaps Love, My Kingdom, and Control.