Beijing Festival: Chinese Art Films to get $16 Million Acquisition Fund

Variety | 5/17/2018 | Patrick Frater
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The emerging art house film sector in China is to get a further boost from the launch of a $16 million (RMB100 million) specialized acquisition fund. The initiative is backed by five companies already operational in the sector.

The A.R.T. Project fund is intended to invest in 15 films by Chinese directorial talent over a period of five years. All are to be guaranteed Chinese theatrical release, international festival representation and overseas sales.

Backers - Village - Entertainment - Production - Operations

The backers include: Perfect Village Entertainment, the merged production operations of Perfect World and Village Roadshow in China; Hong Kong and Chinese-based distributor and exhibitor, Edko Films; Hong Kong producer Irresistible Films; Chinese marketing firm and website operator Maoyan Media, and state-owned distributor, Huaxia Film Distribution.

“The A.R.T. Project partners all agree that there is nothing more important than nurturing the new generation of Chinese filmmaking talent. We are up and running at full speed, with three releases confirmed for 2018, and look forward to bringing many exciting new films to audiences in China and beyond over the years to come” said Bill Kong, industry icon and head of Edko Films.

Film - Future - Drama - Li - Ruijun

The first film to be released is “Walking Past the Future,” the drama directed by Li Ruijun. The film is set for theatrical release in China...
(Excerpt) Read more at: Variety
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