China is the new Hollywood. Who knew? Big studio director Renny Harlin (Die Hard 2 and Cliffhanger) left Hollywood in favor of China years ago. Indeed, China is the world’s fastest-growing movie market. That said, China is poised to deliver its own blockbuster. As reported by The Wall Street Journal, much depends upon the Russo Brothers. Never heard of them? Well, you’ve definitely heard of the movies they’ve directed for Marvel. You know, some of the ones starring Captain America and the whole merry crew of Avengers. They are currently completing the next installment, “Avengers: Infinity War,” due for release on April 27, 2018.
The Russo brothers have recently joined with Agbo, a production company backed by China’s largest private film company, Huayi Brothers Media Corp. The goal is for Agbo to make its own superhero movies and/or related blockbuster movies. However, just because you could bankroll a successful superhero movie doesn’t mean you have the golden touch. There’s a whole graveyard of clunker superhero movies backed by buckets of money. But Agbo has cherry picked from the best. They also have the writers from the next Avengers movie working on projects. And there have been some very interesting developments.
The most exciting project is an adaptation of “The Electric State,” a science-fiction graphic novel the brothers see as having franchise potential, directed by Andy Muschietti, best known for last year’s “It.”
Another exciting prospect, in conjunction with the new independent distributor Neon, is a $10 million buy for distribution rights to “Assassination Nation,” a teen-girl revenge thriller that premiered at the Sundance Film Festival earlier this year.
So, China is the New Hollywood? Well, not exactly but definitely on the right track.