The Hollywood Reporter

China embraces ‘Kung Fu Panda’

DreamWorks toon grosses $14 mil in 10 days SHANGHAI — DreamWorks Animation’s “Kung Fu Panda” took in 97 million yuan ($14 million) during its first 10 days in China, the state-owned Xinhua News Agency reported Tuesday. Read full article at The Hollywood Reporter.

Music industry allies against Baidu

Music industry groups have called the popular Chinese search engine Baidu “the largest and most incorrigible purveyor of pirated music in China.” Other organizations backing the initiative include the China Audio-Video Copyright Assn. and the International Federation of the Phonographic Industry, along with local and international record labels including EMI Music Publishing, Universal Music, Sony …

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China’s Tudou scores $57 mil in financing

China’s top video-sharing site,  Tudou.com, announced $57 million in new financing Monday, confirming rumors previously circulating online. Investors include IDG, Granite Global Ventures and General Catalyst, all of which have invested in the company before. Previous funding rounds raised $500,000, $8.5 million, and $19 million, respectively. The new investment totals $85 million, the company said, …

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Beijing Olympics, a boom or bust for China-based producers?

Whatever you think of mixing international sports with China’s politics, the Beijing Olympic Games could prove a 17-day coming out party for the country’s media and entertainment industry. Local production companies are furiously readying to capitalize if a boom materializes. The Games, which begin 100 days from Wednesday, are expected to draw 5 million visitors …

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Chinese courts hit Net cafes

This article originally appeared in The Hollywood Reporter. Beijing courts promised heavier fines for Internet cafes that allow patrons to illegally download movies, laying down harsh fines for offenders, state-run media reported Thursday. The new rulings are part of a trend toward greater enforcement of intellectual property rights in China. The judge in the Beijing …

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CA co to sell Beijing Games web ads

SHANGHAI — A California company has been chosen to manage China Central Television’s online ads during video broadcasts of the Beijing Olympics on CCTV.com. ViDeOnline Communications will be the exclusive agent for the sale and distribution of video advertisements during CCTV.com’s online Olympic video broadcasts on its live and video-on-demand channels, company spokeswoman Ming Tian …

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