Sign in to follow this  
Followers 0
Guest cici

"McDull Wudang", a box-office hit in China, Government could share dividends

5 posts in this topic

"McDull Wudang", a box-office hit in China, Government could share dividends

source: takungpao

translated by cici@Asianeu

 

"McDull Wudang" movie premiere

gw-31.jpg

 

Film Development Fund of Hong Kong Film Development Council launched a funding plan for film productions in 2007, and Hong Kong's classic animation "McDull" series, its fourth film, "McDull Wudang" had become the first movie approved by the Government. "McDull Wudang", held an opening ceremony in Hong Kong the other day. This movie was officially released in Hong Kong on August 13. The film had already been released in theatres in Mainland China, and this movie was the first Hong Kong animation film to be released in China film market. In just the first 12th days of release, box office had recorded a total of 63 million RMB dollars exceeding highest box-office animation hit "Kung Fu Panda" box office record in China in the same period. Currently, the frequency of "McDull Wudang" being shown in theatres had exceeded many major western films such as "Harry Potter and the Half-Blood Prince" and "Transformers Ⅱ".

 

Lee Lik-Chi, One Hong Kong film-maker in Shanghai said, '"McDull Wudang" box-office in Mainland China is doing well, I believe the Government can gain from the investment and share dividends." Hong Kong Commerce and Economic Development Bureau expressed that conditions in contract signed by the Government and Bliss Concepts Ltd that released "McDull Wudang" determined whether the Government could share dividends from revenues. The film's estimate total expenditure to be about 12 million Hong Kong dollars, and approved government funding amount was about 3.6 million Hong Kong dollars, that is, Government investment comprised 30 percent of the film's budget. According to relavant documents by Legislative Council in 2007, Government's share of revenue was 30 percent of "McDull Wudang" revenue. For the funds the Government to recover was invested for the offset, if there was profit, it shall be credited to the government treasury.

 

When attending "McDull Wudang" movie premiere, Duncan Warren Pescod (Permanent Secretary of CEDB) said, "This joint production with Bliss Concepts Ltd reflects a positive collaboration and an effective result on Film Development Council funded film productions."

 

Mother of "McDull", Alice Mak said that fundings from Hong Kong Film Development Council was "an encouragement" and she would like to display a kind-hearted, innocent McDull to audience in different parts of the world. Mak is currently writing "McDull" series Part V, "next script intended for story development in Hong Kong."

Share this post


Link to post
Share on other sites

The Chinese gov't is always there if it means profit for them.

Share this post


Link to post
Share on other sites

Ahhh...so money is involved. No big surprise there. The Chinese government would never approve of something if there is no benefit to them.

Share this post


Link to post
Share on other sites

government is the biggest boss in china. who will earn most? of cause is the big boss. so no more question.

Share this post


Link to post
Share on other sites

This 'Government' in article is referred to Hong Kong government, and HK government is not required to pay tax to China government

This grant that HK government lends to movie productions is no different than funding projects in other countries that supports movie producers who can't acquire money for their productions

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  
Followers 0