Alibaba Pictures

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Alibaba Pictures Group is a Chinese film company of the Alibaba Group . The film company was previously known as ChinaVision Media. In 2014, the Alibaba Group bought a 49% stake in the company and renamed it the Alibaba Pictures Group. By April 2015, it was the largest Chinese film company by market capitalization.

history

In March 2014, Alibaba Group acquired a 60 percent stake in ChinaVision Media for $ 805 million. Alibaba first registered a film company called the Alibaba Films Group before changing to Alibaba Pictures Group later in the month. Later that month, Alibaba Pictures entered into agreements with filmmakers and film companies, including director Wong Kar Wai and Hong Kong-based film production company Block 2.

The company bought Yueke and in late 2015 Taobao Movie and Yulebao. On October 9, 2016, Amblin Partners entered into an agreement with Alibaba in which Alibaba took a minority stake in the company and took on the marketing, distribution and merchandising of Amblin Partners' films in China, as well as co-financing of Amblin and DreamWorks films becomes. As described by the Financial Times, Amblin Partners and Alibaba Pictures have teamed up to "Fund, Produce, Promote and Distribute Films in China and Worldwide."

In July 2017, Alibaba increased its stake in Tao Piao Piao, an online ticketing platform, for 1.3 billion yuan from 87.6% to 96.7%.

In December 2018, Alibaba increased its stake to 50.92%, making it a majority shareholder.

Alibaba Pictures is listed on both the Hong Kong and Singapore Stock Exchanges .

In 2018, the company changed its fiscal year from the end of December to March of the following year. Thus, the company accounts for a 15 month period from January 2018 to the end of March 2019. For that reporting period, net loss after tax was US $ 42.8 million, compared to US $ 259 million in the 12 months of 2017. Published sales were in In the 15 months of 2018/2019 US $ 439 million, compared to US $ 478 million in 2017. Thus, the net loss in 2018/2019 was significantly lower despite lower sales in 2018/2019

The Alibaba Pictures online promotion division essentially consists of the Tao Piao Piao online platform , an online cinema ticket sales platform . With this division, the company generated sales of US $ 357 million in 15 months in 2018/19, compared to US $ 386 million in fiscal 2017. The operating profit of this division in 2018/19 was $ 56 million, in contrast in a loss of $ 128 million in 2017. At the same time, the Ticketing Division halved marketing expenses from $ 465 million in 2017 to $ 229 million in 2018/19.

In the field of film production, the company was involved in the production of five films. These are: The Wandering Earth , Hello Mr. Billionaire , Dying to Survive , Project Gutenberg and The Green Book .

The film production division developed in the opposite direction to ticket sales. Revenue fell to 459 million RMB in 2018/19 compared to 556 million RMB in 2017. The 2018/2019 film segment recorded losses of 221 million RMB compared to a nominal profit in the previous year. The company wants to focus on the production of higher quality content in the future. According to the official release in May 2019, the three largest external holdings of the Alibaba Pictures Group were shares in the production companies Bona Film Group, Hehe Pictures and Amblin Partners. In addition, it was revealed that Alibaba Pictures has loaned RMB 700 million ($ 101 million) to Huayi Brothers, one of the largest private production companies in China.

Filmography

  • Wolf Totem (2015) - As a distributor
  • Mission: Impossible - Rogue Nation (2015) - As an investor
  • Teenage Mutant Ninja Turtles: Out of the Shadows (2016) - As an investor
  • Star Trek Beyond (2016) - As an investor
  • See You Tomorrow (2016) - As a producer and distributor
  • Once Upon a Time (2017) - As a producer
  • Mission: Impossible - Fallout (2018) - As an investor
  • The Wandering Earth (2019) - As a co-producer
  • The Green Book (2019) - As co-producer
  • https://variety.com/2019/biz/asia/alibaba-pictures-slashes-losses-1203227582/

Individual evidence

  1. ↑ Kevin Carter: The Oscar Goes To ... Alibaba. April 22, 2019, accessed on May 16, 2019 .
  2. ^ Patrick Frater, Patrick Frater: Chinese Media Stocks Stage Major Rally in US and Asian Markets. In: Variety. April 9, 2015, accessed May 16, 2019 .
  3. ↑ Juro Osawa: Is Alibaba Going Into the Movies? In: WSJ. May 12, 2014. Retrieved May 16, 2019 (American English).
  4. ↑ Kevin Carter: The Oscar Goes To ... Alibaba. April 22, 2019, accessed on May 16, 2019 .
  5. ↑ Patrick Frater, Patrick Frater: China's Alibaba to Finance Wong Kar Wai Movie Slate (EXCLUSIVE). In: Variety. July 21, 2014, accessed May 16, 2019 .
  6. ↑ Patrick Frater, Patrick Frater: Alibaba Pictures Achieves First Profits. In: Variety. March 30, 2016, accessed on May 16, 2019 .
  7. ↑ Patrick Frater, Patrick Frater: Steven Spielberg's Amblin Partners Inks Strategic Pact With Alibaba Pictures. In: Variety. October 9, 2016, accessed May 16, 2019 .
  8. ↑ Subscribe to read. Retrieved May 16, 2019 (UK English).
  9. ↑ Alibaba Increases Stake in Online Ticketer Tao Piao Piao | CFI. July 27, 2017, accessed May 16, 2019 .
  10. ^ Alibaba Group. Retrieved May 16, 2019 .
  11. ^ Ali Jaafar, Ali Jaafar: 'Mission: Impossible - Rogue Nation' To Receive Investment From Alibaba Pictures. In: Deadline. June 24, 2015, accessed May 16, 2019 .
  12. ↑ China's Alibaba Pictures Invests in Paramount's 'Teenage Mutant Ninja Turtles 2,' 'Star Trek Beyond'. Retrieved May 16, 2019 .
  13. ↑ China's Alibaba Pictures Invests in Paramount's 'Teenage Mutant Ninja Turtles 2,' 'Star Trek Beyond'. Retrieved May 16, 2019 .
  14. ^ Ali Jaafar, Ali Jaafar: China's Alibaba Pictures Unveils Development And Production Strategy; Intends To Use Online Dominance To Help Creative Partners. In: Deadline. June 14, 2016, accessed on May 16, 2019 .
  15. ↑ Nancy Tartaglione, Nancy Tartaglione: Tom Cruise Says 'Mission: Impossible - Fallout' Is “Love Letter” To Paris At World Premiere. In: Deadline. July 13, 2018, accessed on May 16, 2019 .
  16. ^ Alibaba Pictures Starts Year of Pig With Box Office Successes. In: Alizila.com. February 15, 2019, accessed May 16, 2019 (American English).
  17. ↑ Kevin Carter: The Oscar Goes To ... Alibaba. April 22, 2019, accessed on May 16, 2019 .