BEIJING, March 15, 2021 /PRNewswire/ -- iQIYI Inc.
(NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative
market-leading online entertainment service in China, is pleased to announce a collaboration
with Clover Films to co-produce four upcoming movies. This marks
the first collaboration between the two companies in content
creation and will be an important foray by Singapore media companies into the
China entertainment market. Clover
Films will be handling international distribution rights for the
slate of movies while iQIYI will be handling distribution for the
movies in China.
The four movies, to be shot primarily in Mandarin, will be
helmed respectively by prominent Singapore directors Kelvin Tong, Melvin
Mak, Ong Kuo Sin & Tay
Ping Hui.
This collaboration between Clover Films and iQIYI seeks to merge
talents between the two countries and create stories told by
Singaporean filmmakers that cater to the wider Chinese language
audience across Asia. The four
movies will be shot over a span of two years and the first to go
into production is comedy REUNION DINNER (working title), written
and directed by Ong Kuo Sin, whose
most recent works include the Golden Horse Awards nominated film
NUMBER 1. More details, including the stellar regional cast
lined up for the movie, will be announced at a later stage.
"We are excited to be partnering with iQIYI on this excellent
slate of movies by four sterling Singapore filmmakers. We have always believed
in our local talent pool and are glad that our partners at iQIYI
are as invested as we are in promoting Singaporean talent. We aim
to produce movies that would connect to audiences in the
China and Southeast Asian markets
and this requires great support from iQIYI and our four directors.
We are grateful for their trust in Clover Films." says Mr
Lim Teck, Managing Director of
Clover Films.
Ms Song Jia, Vice President of
iQIYI and General Manager of iQIYI Film Business Centre added, "We
are very excited about this collaboration and we look forward to
working together with Clover Films. iQIYI has always been giving
utmost support to outstanding filmmakers in all aspects, from
content creation to distribution. We are honored to work with these
four distinguished Singaporean directors whose past works have
gained great recognition in China,
and we look forward to showcasing their upcoming works to the
audiences in China, and to
strengthen China and Singapore's partnership in the filmmaking
industry. iQIYI will be working hand-in-hand with Clover Films on
various aspects of the four movies, from producing, to marketing
and promotions and more, to help push the four movies to a larger
market."
In 2019, iQIYI formed a partnership with Astro, the largest
media brand in Malaysia, to bring
the Company's quality contents to Malaysian audiences. In
China, iQIYI is working with a
growing number of filmmakers and platforms to create good content,
accelerating its development in the film industry and building a
broader distribution model for filmmakers. Multiple quality films,
including Let Life Be Beautiful, The Summer is Gone, Youth,
Balloon, Mirrors and Feathers, have won prestigious awards in
international and domestic film festivals. Going forward, the
company will continue promoting quality film making to further
enrich consumption choices for audiences.
ABOUT iQIYI
iQIYI, Inc. is an innovative market-leading online
entertainment service in China.
Its corporate DNA combines creative talent with technology,
fostering an environment for continuous innovation and the
production of blockbuster content. iQIYI's platform features highly
popular original content, as well as a comprehensive library of
other professionally-produced content, partner-generated content
and user generated content. The company distinguishes itself in the
online entertainment industry by its leading technology platform
powered by advanced AI, big data analytics and other core
proprietary technologies. iQIYI attracts a massive user base with
tremendous user engagement, and has developed a diversified
monetization model including membership services, online
advertising services, content distribution, live broadcasting,
online games, IP licensing, online literature and e-commerce.
ABOUT CLOVER FILMS
CLOVER FILMS, established in 2009, specializes in the
distribution and production of Asian movies, with an emphasis on
the Singapore and Malaysia markets.
Since its inception, Clover Films has co-produced and marketed
more than 30 local movies. This includes the highest-grossing Asian
movie of all time Ah Boys To Men II and the highly acclaimed
Ramen Teh. Other quality
home-grown movies produced includes Ah Boys to Men,
23:59, Ghost Child, Filial Party, King of
Mahjong, Mr Unbelievable, Lucky Boy and The
Big Day.
A key player in the Singapore
movie scene, Clover Films has distributed more than 250 movies,
including the record-breaking Korean zombie blockbuster Train to
Busan, Jackie Chan's CZ12 and other high-profile
movies such as Jay Chou's The
Viral Factor, John Woo's The
Reign of Assassins, Andy Lau's
Shockwave, Dante Lam's
Operation Red Sea, Korean war
epic The Battleship Island, 2018 Cannes Film Festival Palme
d'Or award winner Shoplifters and Oscar-winning dark comedy
Parasite which took the world by storm.
In 2020, Clover Films has expanded its content production
portfolio and is involved in developing and producing content for
OTT/VOD and television platforms.
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SOURCE iQIYI