Huayi_Brothers

Huayi Brothers

Huayi Brothers

Chinese film production company, record label and talent agency

This article is about the Chinese entertainment and media conglomerate. For the former South Korean subsidiary, see Huayi Brothers (South Korean company).

Huayi Brothers Media Corp. (Chinese: 华谊兄弟传媒股份有限公司; pinyin: Huáyì Xiōngdì Chuánméi Gǔfèn Yǒuxiàn Gōngsī) is a Chinese multinational entertainment company that owns a film studio, a television production company, a talent agency, a record label, entainterment theme parks, and a movie theater chain founded in Beijing, Shanghai, Hong Kong, Macau, & Taipei by Dennis Wang Zhongjun and James Wang Zhonglei in 1994. The company made world news on October 30, 2009, when the Shenzhen Stock Exchange ChiNext Board was halted, after HBMC's stock price reached 122.74 percent above its IPO price, to open at 63.66 yuan per share.[1] Patrick Frater of Variety called it "China’s largest private sector film conglomerate".[2] In 2014, the company was the seventh-largest film distributor in China, with 2.26% of the market.[3]

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History

The company was founded in 1994 as a film production company. It underwent a comprehensive expansion into the media industry through investing and now produces movies, TV shows, & music and operates a film studio, TV production company, a talent agency, a record label, and movie theaters.[4] In February 2011, Huayi Brothers revealed their plans to create the largest TV and film studio complex in East Asia.[5] Also, they announced that they aim to earn 10 billion yuan in the box office by 2016.[6] As of April 2015, the company was worth US$7.9 billion.[7]

In 2014 the company announced that it had agreed to invest as much as $150 million in Studio, the production company launched by former Warner Bros. executive Jeff Robinov, but Shanghai-based conglomerate Fosun International later signed a deal to invest in Robinov's company instead.[8] The same year the company acquired 79% stake[9][10][11][12] in GDC Technology Limited, a Digital Cinema solutions provider, which was held by private equity funds Carlyle Group and Yunfeng Capital.[13][14][15]

Around 2019, after the delay of The Eight Hundred due to censorship, the company created a novel Chinese Communist Party committee so that “correct political orientation ... [would] mix the core socialist values of the party deeper into the company’s blood”.[16]

Huayi Brothers Movie World is a theme park inspired by the Huayi Brothers' movies, television shows, celebrities, and pop culture.[17] The park is designed to be immersive with technology, and features immersive environments that celebrate the Huayi Brothers' movies and characters. The park opened in Suzhou, China on July 22 2018, and was the first of several planned developments in China.[17]

Artists

Productions

TV series

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Films

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Talent agency

HBMC manages over 100 Chinese A-list celebrities of movie, music and TV. Xun Zhou, Angelababy, Kun Chen, Zhao Wei and Shu Qi have appeared in Huayi productions.

See also

References

  1. [1]
    "All stocks trigger suspensions on China's Nasdaq-style board under price-rise rules on first day". Retrieved 12 June 2014.
  2. [2]
    Patrick Frater (October 12, 2015). "China's Huayi Brothers Sets Superhero Franchise Pact With Michael Uslan". Variety. Retrieved October 14, 2015.
  3. [3]
    "China Film Industry Report 2014-2015 (In Brief)" (PDF). english.entgroup.cn. EntGroup Inc. Retrieved October 15, 2015.
  4. [4]
    "About". Archived from the original on 2011-09-01. Retrieved 2010-12-04.
  5. [5]
    "Huayi Brothers to build East Asia's largest film and TV studio complex". Asia Pacific Arts. 2011-02-24. Archived from the original on 2014-04-13. Retrieved 2011-02-26.
  6. [6]
    "Huayi Brothers unveils their moneymaking plan". Asia Pacific Arts. 2011-03-16. Archived from the original on 2017-08-26. Retrieved 2011-03-28.
  7. [7]
    Patrick Frater (April 9, 2015). "Chinese Media Stocks Stage Major Rally in U.S. and Asian Markets". Variety. Retrieved April 14, 2015.
  8. [8]
    Verrier, Richard For Hollywood, the road to China is littered with broken deals Los Angeles Times. September 7, 2015
  9. [9]
    "Huayi Brothers to acquire leading stake in GDC Technology". Informa.
  10. [10]
    Frater, Patrick (September 17, 2014). "China's Huayi to Pay $125 Million for D-Cinema Group GDC Technology".
  11. [11]
    Coonan, Clifford. "China's Huayi Brothers Buys Controlling Stake in Digital Cinema Tech Group GDC". The Hollywood Reporter.
  12. [12]
    "Huayi Brothers eyes 79% stake in GDC". Chinadaily.com.cn.
  13. [13]
    "GDC Technology Limited". The Carlyle Group.
  14. [14]
    "Carlyle-led consortium acquires 80% stake in GDC Technology". The Carlyle Group.
  15. [15]
    "Carlyle, Jack Ma-backed fund invests in China cinemas". October 17, 2011 – via Reuters.
  16. [16]
    "Wang Zhongjun, an accidental film-maker with new-found patriotism". Financial Times. Retrieved 2021-04-07.
  17. [17]
    "Huayi Brothers Movie World". Thinkwell. Retrieved 2023-09-08.
  18. [18]
    疯岳撬佳人. cbooo.cn (in Chinese). Retrieved 14 February 2017.
  19. [19]
    Lang, Brent (December 7, 2017). "Hayes Brothers, Joel Silver Teaming on Horror Film (EXCLUSIVE)". Variety.
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