Chinese Finance WWII Film

Who do you turn to if you’re a big-time Hollywood director known for your blockbuster movies after Hollywood has said “no”?

In this case, it was a Chinese entertainment/real estate company.

That’s how “Midway,” the historic World War II battle that was the turning point in the Pacific theater, hit local screens this weekend came to be.

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That funding was almost a miracle in itself as Chinese film funding has virtually disappeared as another victim of the on-going trade war.

The attraction for this one was the subject matter that had an underlying Chinese story line (the saving of the Doolittle pilots and the suffering of its citizens at the hands of the invaders) and the continuing interest of the public in seeing the defeat of their age-old enemy, Japan.

The Chinese co-producer noted that about 45% of the $98 million budget was covered by pre-sales.

Notwithstanding the financing assistance, the film’s box office take was beat by a local production on opening weekend in China.

https://variety.com/2019/film/news/midway-roland-emmerich-china-box-office-better-days-1203400351/

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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