Is Jack Ma’s Alibaba Pictures Really Worth $10 Billion?
Only 12 months after it began operations, and before the company has made even a single movie, Alibaba Pictures Group has seen the value of its publicly traded shares climb more than seven-fold to reach a $9.6 billion market cap on the Hong Kong stock exchange.
It’s a Bollywood-Hollywood David vs. Goliath Showdown at China’s Cinemas
It’s a Bollywood-Hollywood David vs. Goliath Showdown at China’s CinemasComment Now Follow CommentsFor the past week China’s box office has been dominated by foreign films, with the top 5 ranks held by imports. This is a rare, but not entirely unprecedented situation.
He also talked about the importance of independent filmmakers to own their work, not just the technologies or processes involved in creating it. “Anybody who says they make money in post-production is lying. Anybody who says they make money in visual effects is lying,” he said. “If you own the movie, you make a lot of money.”