Hollywood
American films continue to win at Chinese box-office
NEW DELHI: Marvel Studios LLC continues its winning streak in China as Guardians of the Galaxy topped the Mainland box office.
In its first three days in cinemas, the James Gunn film made RMB185 million ($30.2 million) from approximately 4.74 million admissions. Released only in 3-D, the sci-fi film represented approximately 39.2 per cent of all screenings nationwide.
In April, Captain America: The Winter Soldier made RMB224 million ($36.6 million) from approximately 5.17 million admissions over the three-day Ching Ming holiday weekend. It secured RMB720 million ($118 million) during its theatrical run.
Nonetheless, Guardians of the Galaxy has by far had the best weekend for a Marvel Studios origin film in China. Three years ago, Captain America: The First Avenger (2011) opened with RMB34.3 million ($5.60 million), for a total of RMB98.1 million ($16 million).
Ning Hao’s Breakup Buddies dropped to second place with RMB99.8 million ($16.3 million) over the weekend. After 13 days, it has made RMB931 million ($152 million).
At its current rate, road movie comedy is expected to break the RMB1 billion ($163 million) mark by this weekend, making it the second domestic film to do so in 2014. Lost in Thailand (2012) took 21 days to reach the RMB1 billion mark in 2012. Earlier this year, The Monkey King took 23 days.
The only other new film to reach the top ten is the domestic monster film Bugs 3D. Released only in 3-D, it made RMB12.13 million ($1.98 million) from approximately 328,000 admissions.
Two years ago, Million Dollar Crocodile (2012) opened with RMB6.50 million ($1.06 million) for a total of RMB12.9 million ($2.10 million) during its theatrical run.
Peter Chan’s Dearest dropped to third place with RMB22.3 million ($3.65 million) between Friday and Sunday. The child abduction drama has made RMB292 million ($47.7 million) after 18 days.
Black & White: The Dawn of Justice was fifth place with RMB10.5 million ($1.71 million) between Friday and Sunday. The 3-D action sequel has made RMB187 million ($30.6 million) after 12 days.
With RMB4.05 million ($661,000) between Friday and Sunday, Ann Hui’sThe Golden Era has made RMB44.12 million ($7.20 million) after 12 days.
Ice Age: The Meltdown (2006) returned to Chinese cinemas yesterday with a special 3-D re-release.
In Hong Kong, Gone Girl became the top film this weekend due to the lack of any strong newcomers. The David Fincher mystery-drama made HK$3.92 million ($505,720) from 36 locations between Thursday and Sunday. After 11 days in cinemas, it has made HK$10.3 million ($1.33 million).
Last week’s top film Dracula Untold dropped to second place with HK$2.06 million ($265,750) between Thursday and Sunday. It has made HK$9.83 million ($1.27 million) after 11 days.
The top new film was spy thriller The November Man. From 34 locations, it made HK$1.69 million ($218,000) from 34 locations over four days.
Hollywood
David Zaslav could net up to $887m as Warner Bros Discovery sells up
Media mogul strikes gold as Paramount Skydance deal triggers massive windfall
NEW YORK: While the average office worker might hope for a nice clock and a round of applause upon leaving, David Zaslav is looking at a slightly more substantial parting gift. The chief executive officer of Warner Bros Discovery is positioned to receive a windfall of up to $887 million following the company’s blockbuster $110 billion sale to Paramount Skydance.
In a twist of corporate fate that feels scripted for the big screen, the deal marks the finale of a high-stakes bidding war. It comes after Netflix, once the frontrunner, decided to exit stage left and abandon its pursuit of the HBO Max parent company.
While most people receive a standard final paycheck, the filing released on Monday suggests Zaslav’s exit package is built a little differently. If the deal closes as expected in the third quarter of 2026, the numbers break down like this:
The cash out: A severance package of $34.2 million, covering his salary and bonuses.
The equity: $115.8 million in vested shares he already owns.
The future fortune: A massive $517.2 million in unvested share awards, essentially “future stock” that turns into real money the moment the ink dries on the merger.
Perhaps the most eye-catching figure is the $335 million earmarked for tax reimbursements. However, this particular pot of gold has an expiration date.
The company noted that these reimbursements are tied to specific tax-code rules that significantly decline as time passes. If the deal hits a snag and drags into 2027, that tax payout drops to zero. With hundreds of millions on the line, the chief executive officer likely has every incentive to ensure the closing process moves at double-speed.
