Latest news with #MiddleKingdom
Yahoo
2 days ago
- Entertainment
- Yahoo
‘Jurassic World Rebirth' Leads China Box Office Again as ‘Superman' Debuts at No. 4
Universal's 'Jurassic World Rebirth' retained its lead at the China box office for a second weekend, earning RMB80.2 million ($11.1 million) from July 11–13, according to data from Artisan Gateway. The dinosaur tentpole has now amassed $62.8 million after 12 days on release. More from Variety James Gunn Got Bradley Cooper for 'Superman' Cameo Because He Needed 'Somebody That Could Walk In the Footsteps of Marlon Brando' James Gunn Says He's 'Incredibly Grateful' For Successful Opening of 'Superman': 'A Hopeful Testament to the Kindness and Quality of Human Beings' David Zaslav Champions New DC Universe and 'Bold 10-Year Plan' After 'Superman' Box Office Victory: 'The Vision Is Clear. The Momentum Is Real' In a rare tie, local thriller 'Malice' and racing drama 'F1: The Movie' shared second place with $8.2 million each. 'Malice,' produced by As One Production, has reached a cumulative total of $25.6 million. Directed by Lai Mukuan and Yao Wenyi, the film follows journalist Ye Pan (Zhang Xiaofei), who becomes the centre of controversy when she accuses nurse Li Yue and mother You Qian of involvement in a mysterious double fall. Her reporting ignites a public uproar as layers of truth and public opinion collide. 'F1,' from Apple Original and Warner Bros., stands at $35.6 million after three weekends in the Middle Kingdom. Warner's DC Studios launched 'Superman' in fourth place with $6.2 million, marking a soft debut for the superhero reboot. Rounding out the top five was Chinese animated fantasy 'Curious Tales of a Temple,' which opened with $5.7 million. Produced by Light Chaser Animation, the anthology is based on Pu Songling's classic 'Strange Tales from a Chinese Studio.' The film features six interlinked ghost stories all tied to the mysterious Lanruo Temple, and is co-directed by Cui Yuemei, Liu Yuan, Xie Junwei, Zou Jing, Huang Heyu, and Liu Yilin. The voice cast includes Lu Lifeng, Lin Qiang, Zhang He, and Chen Ziping. The weekend's overall box office reached $51.3 million, bringing China's 2025 year-to-date gross to $4.24 billion, a 20.2% increase over the same period last year. Best of Variety Final Emmy Predictions: Talk Series and Scripted Variety - New Blood Looks to Tackle Late Night Staples Oscars 2026: George Clooney, Jennifer Lopez, Julia Roberts, Wagner Moura and More Among Early Contenders to Watch New Movies Out Now in Theaters: What to See This Week
Yahoo
3 days ago
- Entertainment
- Yahoo
‘Jurassic World Rebirth' Leads China Box Office Again as ‘Superman' Debuts at No. 4
Universal's 'Jurassic World Rebirth' retained its lead at the China box office for a second weekend, earning RMB80.2 million ($11.1 million) from July 11–13, according to data from Artisan Gateway. The dinosaur tentpole has now amassed $62.8 million after 12 days on release. More from Variety James Gunn Got Bradley Cooper for 'Superman' Cameo Because He Needed 'Somebody That Could Walk In the Footsteps of Marlon Brando' James Gunn Says He's 'Incredibly Grateful' For Successful Opening of 'Superman': 'A Hopeful Testament to the Kindness and Quality of Human Beings' David Zaslav Champions New DC Universe and 'Bold 10-Year Plan' After 'Superman' Box Office Victory: 'The Vision Is Clear. The Momentum Is Real' In a rare tie, local thriller 'Malice' and racing drama 'F1: The Movie' shared second place with $8.2 million each. 'Malice,' produced by As One Production, has reached a cumulative total of $25.6 million. Directed by Lai Mukuan and Yao Wenyi, the film follows journalist Ye Pan (Zhang Xiaofei), who becomes the centre of controversy when she accuses nurse Li Yue and mother You Qian of involvement in a mysterious double fall. Her reporting ignites a public uproar as layers of truth and public opinion collide. 'F1,' from Apple Original and Warner Bros., stands at $35.6 million after three weekends in the Middle Kingdom. Warner's DC Studios launched 'Superman' in fourth place with $6.2 million, marking a soft debut for the superhero reboot. Rounding out the top five was Chinese animated fantasy 'Curious Tales of a Temple,' which opened with $5.7 million. Produced by Light Chaser Animation, the anthology is based on Pu Songling's classic 'Strange Tales from a Chinese Studio.' The film features six interlinked ghost stories all tied to the mysterious Lanruo Temple, and is co-directed by Cui Yuemei, Liu Yuan, Xie Junwei, Zou Jing, Huang Heyu, and Liu Yilin. The voice cast includes Lu Lifeng, Lin Qiang, Zhang He, and Chen Ziping. The weekend's overall box office reached $51.3 million, bringing China's 2025 year-to-date gross to $4.24 billion, a 20.2% increase over the same period last year. Best of Variety Final Emmy Predictions: Talk Series and Scripted Variety - New Blood Looks to Tackle Late Night Staples Oscars 2026: George Clooney, Jennifer Lopez, Julia Roberts, Wagner Moura and More Among Early Contenders to Watch New Movies Out Now in Theaters: What to See This Week
Forbes
3 days ago
- Entertainment
- Forbes
China, South Korea Are 'Superman' Box Office Kryptonite On 1st Weekend
Superman is flying high around the world, including nearly $125 million domestic, but China and South Korea seem to be box office Kryptonite for writer-director and DC Studios co-CEO James Gunn's reboot of the DC superhero. First image reveal for the movie "Superman." Superman By The Numbers Superman is expected to earn a $7 million in its debut weekend in the Middle Kingdom. In comparison, Man of Steel grossed $6 million in its opening in China and finished at $63 million from the territory. In today's dollars, that would be an $8 million opening, so about 14% higher than Superman. South Korea, meanwhile, is looks likely to finish at just half of Man of Steel's near-$9 million first weekend. Many factors are at play, and there was expected to be a slump in certain Asian markets, but that doesn't make it feel any better to see it actually come to fruition and at such low levels. International box office overall looks unlikely to top $100 million after all, with Superman falling to second place in several European markets as Jurassic World: Rebirth defies its own 'meh' B grade from audiences via Cinemascore to land a solid second weekend hold and easily retain its summer movie season frontrunner status. We'll see if Fantastic Four: First Steps can excite audiences enough for a blockbuster opening that puts it in the running for Rebirth's summer crown expectations. No Doomsday For Superman While its coming in at the lower end of my own expectations domestically (but ahead of most other pundits who started to low-ball heading into the weekend), this isn't remotely doomsday for Superman, as even with those weak performances in China and South Korea the film is still the biggest movie in the world this weekend and will reach $220 million in global receipts. If Superman manages even a tepid 2.5x final multiplier, which its A- Cinemascore should make easy enough, then it should have no trouble delivering at least about $550 million, and that's almost surely a 'worst-case' at this point. Much more likely at this point is something north of $600 million. That's a big win for DC Studios and WBD, who plan to build their sprawling DCU (DC Cinematic Universe) upon the strong shoulders of Gunn's and actor David Corenswet's Superman. Corenswet is signed for a sequel or follow-up, he says, and we know Gunn is currently working on a secret script for another DCU film, so perhaps Superman's successful launch will soon lead to announcements of what's up next for the hero. The film had (and still has, depending on continued international rollout) decent chances of a breakout performance toward $700-800 million, while at the other extreme DC's plans were likely to change if Superman tracked closer to disappointing DCEU releases' numbers. But the first and biggest litmus test was whether audiences were willing to show up for a Superman movie and a DC movie again, especially up against major blockbuster competition like Jurassic World sequels, and whether that number was enough to point the way toward a future better than the DCEU offered. That test was passed, and sets the stage for Supergirl, which is in production now and releases June 26th of next year. Now all that remains is to see whether the interest holds and builds enough to sustain it to a strong hold on second weekend and then a solid performance when Fantastic Four: First Steps blasts off on July 25th. Superman Has Super-Merch As a side but extremely important note, with the box office itself safely in 'full steam ahead' territory, consider that merchandising should be rock steady as well and deliver an even bigger boon for DC and WBD. Krypto toys and Superman-related costumes are going to be big sellers for kids this year, among the rest of the toys and clothing and memorabilia Superman will sell. Which is one other reason even a $500-550 million final total for Superman would be acceptable and a sold enough foundation to build a DC future upon. Of course, everyone and especially WBD leadership would much prefer to see something north of $600 million, in shooting distance of Man of Steel's debut, but that was with far less baggage to carry and with far less expansive plans for the rest of DC's stable of characters. Some fans will see the declining predictions and lower estimates, which undercut hopes of a higher tier performance right out the gate for Superman and the DCU. But with so much on the line and so many obstacles in its path, the fact DC Studios got Superman made and released so relatively quickly, with more films already in the pipeline and headed our way, this successful opening weekend was far from guaranteed. So grossing within the higher end of most expectations (and within my own general range of what I felt was likely and would signal success) is reason to celebrate, even if there remain reasons to be cautious about exactly how high Superman can climb. Critical and audience acclaim plus successful debut and thumbs-up for DCU's plans should be taken as a win, and I hope fans can keep that in mind even while having valid conversations about any regrets or points regarding some of the less stellar bits of news. If somehow a series of outcomes combine to suppress Superman's final box office – big drops despite positive word of mouth, low openings in new markets off word of lower international turnout (relatively) so far, worsening weather and economic situations, or other converging unforeseen events – there is some slim chance perhaps of it meeting a similar fate to Thunderbolts* relative to early signs and expectations, but even this would be more in the high-$400 million to low-$500 million range. Which would mean Supergirl still comes out as planned, Peacemaker season 2 still comes out as planned, Lanterns still comes out as planned, the in-production DCU projects far enough along still proceed as planned, but other projects may change or be shelved, and the in-production stuff might get some tweaks to attempt a wider international appeal. Luckily, Superman has already reached a cruising altitude that makes it highly improbable the film will fail to top the minimum $500 million threshold to top the DCEU's lean years, and much more likely is a $600-700+ million final cume. For the DCU, that means things are definitely looking up.
Yahoo
09-05-2025
- Business
- Yahoo
Surprising China news sends Nvidia stock tumbling
Updated 4:15 p.m. EST Nvidia's stock price has soared since OpenAI's ChatGPT became the fastest app to reach one million users in 2022. ChatGPT's success unleashed a torrent of artificial intelligence research and development, forcing a major overhaul of enterprise and cloud network infrastructure. Nvidia, the leading maker of graphics processing units, or GPUs, ideally suited to training and operating AI apps has been the biggest beneficiary of the spending revenue has soared, and because its AI GPUs are highly profitable, its earnings have similarly skyrocketed, helping lift its shares by 171% in 2024 alone. While companies are expected to continue investing in AI apps this year, Nvidia has been dealt a series of blows this year that have caused its share price to tumble, including news out of China over the weekend that further challenges its AI-chip leadership. Nvidia dominates the semiconductor chip market for AI research and development worldwide, but growing tensions between the U.S. and China have caused its sales to slump in the Middle Kingdom. Worries that China might use next-generation technology like AI against the U.S. someday have increased over the past few years, prompting significant restrictions on U.S. technology exports, including Nvidia's AI Nvidia was able to engineer AI chips that met export restrictions, helping it maintain revenue there. However, that's become increasingly difficult as restrictions have tightened. As a result, Nvidia's sales in China have declined sharply. Nvidia CEO Jensen Huang says sales are "about half of what it was before the export control." Last month, news broke out that President Trump's administration was strengthening export restrictions and effectively shut off Nvidia's H20 chip exports, specifically designed for that market. The change led Nvidia to surprise the market by announcing it would take a $5.5 billion write-off in the first quarter on its remaining H20 inventory. The loss of a key market came alongside President Trump's announcement of reciprocal tariffs on China, which started a trade war. The tit-for-tat has increased U.S. tariffs on Chinese imports to 145% and China's U.S. imports to 125%—high enough to effectively curb trade between the two major economies. The company's China headaches have contributed to Nvidia's stock price falling about 20% this year. As if the challenges weren't steep enough, Nvidia's Chinese competitor, Huawei, has announced a new AI chip to challenge Nvidia's is a major manufacturer of technology ranging from computer chips to smartphones, with revenues near $100 billion and over 200,000 employees. The Ascend 920, using SMIC's 6-nanometer technology, would be the successor to Huawei's 910C and 910D. The 910 series is historically built on 7-nanometer technology. The 920 may offer performance that rivals Nvidia's H20, while the 910C and 910D rival Nvidia's popular H100 chip performance. The 920 chip is expected in late 2025. Until then, the Wall Street Journal reports testing on the 910D will begin in May, and the company says its 910C production will ramp in the second half to potentially meet demand for AI chips from Chinese high-tech companies ByteDance, Alibaba, and Tencent. The possibility that Huawei could permanently fill the void left by Nvidia before Nvidia can craft a new solution for the Chinese market could mean billions of dollars in lost revenue. Nvidia's shares traded down 4.5% intraday before rallying to close down 2.05% on April in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
