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Alibaba Pictures forges alliance with Wolf Warrior 2 distributor, co-producer

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Wolf Warrior 2 has become China’s all time top grossing film. Photo: AP

Alibaba Pictures Group has formed an alliance with a major distributor of Wolf Warrior 2, China’s top-grossing movie of all time, in the expectation that big data can help produce more box office success stories.

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Hong Kong-listed Alibaba Pictures and Beijing Jingxi Culture & Tourism, co-producer and distributor of the hit movie, have become strategic partners, aiming to produce more box office successes after their collaboration in Wolf Warrior 2 collected 5.2 billion yuan (US$782 million) in four weeks. About 40 per cent of income was made via Taopiaopiao, an online ticketing unit of Alibaba Pictures.

The two companies said they will collaborate in areas involving content investment, promotion and distribution as well as movie-related merchandise.

The tie up comes at a critical time, as revenue from cinema ticket sales grew 3.7 per cent in the first half on year.

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Fan Luyuan, the chief executive officer of Alibaba Pictures, said the company’s internet presence and online marketing platforms are well positioned to help young filmmakers in China.

Fan said the success of Wolf Warrior 2 has shown that producing films for the mainland market can be profitable as the mainland cinema audience matures.

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