HK entertainment comes of age
WHEN Bruce Willis bursts on to Hong Kong cinema screens next Thursday in his latest action romp, Die Hard With A Vengeance, audiences will flock to see him, box office dollars will flood in, and Terry Lai will have a good reason to rejoice.
Back on November 11, 1969, when Ms Lai founded Intercontinental Film Distributors (HK) - a small family company that sub-titled kung fu movies in a cramped Mongkok office and sold them to the West - she could have had no idea that a quarter of a decade later she would be responsible for shaping the way Hong Kong is entertained.
Today, Ms Lai and her husband, Rigo Jesu, run a family of companies employing more than 70 and deal with the biggest products Hollywood has to offer. Mr Jesu is co-chairman of IFDL.
IFDL is one of the largest independent film distributors in Hong Kong - independent from major studios like Warner Bothers or Columbia.
This week, IFDL will release the latest Die Hard film, later in the summer it will be Disney's latest animation blockbuster, Pocahontas, and, after that, it will be Judge Dredd, starring Sylvester Stallone.
IFDL holds distribution rights to the products of Disney Studios and also has a number of other spin-offs involved in the entertainment industry.