Hong Kong and Southeast Asian Producers and Distributors Joint to Explore Opportunities in the Asian Film Industry

The Asian Film Forum, organized by the Asian Film Awards Academy, invited distributors from Hong Kong, Cambodia and various Southeast Asian countries to discuss the development outlook of the Asian film market and explore opportunities for the overseas distribution of Hong Kong films.
2024年07月19日

Presented by the Asian Film Awards Academy, financially supported by Hong Kong’s Cultural and Creative Industries Development Agency (CCIDA), Film Development Fund and Hong Kong Economic and Trade Office, in collaboration with Cambodian film distributor Westec Media Limited, The Dynamic Cityscapes of Hong Kong Films Exhibition is held concurrently at the largest creative park in Southeast Asia, Factory Phnom Penh.

 

In addition to screening a variety of Hong Kong films and holding the Dynamic Cityscapes of Hong Kong Films exhibition, the first-ever Asian Film Forum was held to let Cambodian and Southeast Asian audiences understand the development of contemporary Hong Kong cinema. This forum brings together distributors and directors from Cambodian and various Southeast Asian countries, as well as Hong Kong filmmakers to exchange insights on the development outlook of the Asian film market and explore opportunities for overseas distribution of Hong Kong films.

 

In his opening speech, Parson Lam, Director of the Hong Kong Economic and Trade Office in Bangkok, emphasized the HKSAR Government’s support to the local film industry. He pointed out that film has long been regarded as a cultural hallmark of Hong Kong. Since 2005, the government has invested around 4 billion US dollars in the Film Development Fund to support the industry’s development. In 2023, the “Hong Kong-Asian Film Collaboration Funding Scheme” was launched to encourage co-production between Hong Kong and Asian filmmakers, promote in-depth regional and cultural exchange, and increase the exposure of Hong Kong films in the Asian and international markets. It is hoped that the “Hong Kong Film Gala Presentation” in Phnom Penh is just the first step of more exchanges, and that in the future, there will be more Hong Kong film fans in Cambodia, with more people recognizing the film talents from Hong Kong, further strengthening Hong Kong’s position as a hub for cultural and artistic exchange between China and the world.

In the Asian Film Forum, a panel titled “Navigating Asian Film Content Acquisition” has invited the following guests to share their insights, including Michael Chai (Westec Media Limited), a film distributor from Cambodia, Kinnie Cheung (Entertaining Power Co. Limited), a film producer and executive producer from Hong Kong, Richard Juan (28 Squared Studios Philippines), a Chinese-Filipino film producer, Shures Ratnakrishnan (Suraya Filem Production and Distribution Malaysia), a film producer and distributor from Malaysia, and YK Tung (GSC Movies Malaysia), a film distributor and cinema operator from Malaysia. The speakers talked about the popular film genres and themes in their respective regions, which serve as a reference for Hong Kong filmmakers. Having these film industry professionals getting to know each other creates possibilities for future international co-productions.

Shures Ratnakrishnan and YK Tung, both from Malaysia, noted that the cultural ties and shared preferences, especially the Muslim religious background, between Malaysia and Indonesia have increased the appeal of cross-border film distribution, which has recently extended to Pakistan as well. Tung added that in terms of film genres, horror and thriller films are the most popular in Malaysia, as they cater to the large population of 18% Chinese audience in the Malaysian film market and are also easier to produce and distribute in Southeast Asia.

Richard Juan from the Philippines shared that the Filipino industry and market currently focuses on drama and romance films, with family-centered movies often topping the box office. However, the decline in cinema audience is a major challenge, as many people prefer to wait for films to be released on streaming platforms. Therefore, producers are working hard to create compelling stories that can generate buzz on social media, encouraging audiences to go to the cinemas. An example he cited is the film “How To Make Millions Before Grandma Dies”, which became a social media sensation, with people sharing videos of themselves crying after watching the film, sparking curiosity and driving more audiences to watch it in theaters.

Michael Chai, a distributor from Cambodia, shared that horror films made locally account for 25% of the market share and are growing at a certain rate, while Thai films are the major foreign films. With the improvement in the quality of Cambodian film production and the widespread adoption of digital platforms, strategic content procurement and marketing have become more effective. Chai commented, “Transnational cooperation and co-production are becoming more common, reflecting the trend of regional integration in the Southeast Asian film market. This mode of cooperation has improved the quality and influence of Cambodian films.”

Hong Kong producer Kinnie Cheung shared that Hong Kong is known for its comedies, action, and horror films. In addition to mainstream genres, there is also a vibrant arthouse film market. She shared, “Hong Kong films are usually released locally first, then depending on demand and budget, they are expanded to the mainland Chinese and global markets.” Recently, the film “Twilight of the Warriors: Walled In” has received quite impressive response in the Chinese film market as reflected in its box office performance, which has boosted the confidence of Hong Kong films in expanding into the Asian film market.

The forum closed with “Global Ambitions: Pioneering Strategies for Commercial Success” panel, featuring veteran producer John Chong, of the classic “Infernal Affairs” trilogy and the recent blockbuster “Twilight of the Warriors: Walled In”, who was honoured as one of the “Stars of Asia” by Business Week in 2004, and Angus Chan, founder of Entertainment Power Co. Limited and producer of “Rob N Roll” and “Twilight of the Warriors: Walled In”. The two producers shared the behind-the-scenes stories of “Twilight of the Warriors: Walled In” and the way to make a successful commercial film, as well as the overall development of Hong Kong films in recent years. Chan shared the development process of “Twilight of the Warriors: Walled In”, from adapting a novel and manga to the challenges of creating an action film, “The most interesting aspect of this film is the integration of the exaggerated action content unique to manga into the action design and framing of the film.” In addition, they shared their entry experiences and anecdotes in the role of producer. Chong stated: “Don’t underestimate the level of acceptance of audiences,especially the new generation of audiences who are accustomed to watching more diverse content on multiple platforms. As a producer, we should be innovative and develop new stories.”

Looking ahead, the Asian Film Awards Academy will continue to organise more diverse forums and exchange activities, allowing Hong Kong filmmakers to closely connect with directors, producers, and distributors from different regions, and promote the development of Hong Kong cinema.

Please contact us if any questions,

Email: info@afa-academy.com

Tel: +852 3195 0609

Website: www.afa-academy.com

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