Chinese portal, games and video group Sohu expects to earn profits of $18 million from "Pancake Man," the mega hit comedy spoof film that is currently on release.
UPDATED: Some media stocks were spared as Chinese share markets crashed by more than 8% on Monday, their biggest one day fall since 2007.
Australia's troubled free-to-air TV broadcaster Ten Network has appointed Paul Anderson as its sixth CEO in five years.
Iconic Japanese robot-themed animation Mobile Suit Gundam will be given pride of place this year at October's edition of the Tokyo International Film Festival
China's media regulators have openly criticized the country's TV content and unveiled tougher rules for reality TV shows.
Film New Zealand and the New Zealand Film Commission are to join forces with effect from August 1.
"Monster Hunt," the Chinese fantasy by 'Shrek' creator Raman Hui, has become the fastest Chinese movie to score RMB1 billion.
"Assassination," the much anticipated period action drama by "Thieves" director Choi Dong-hoon, has a bright start in Korean theaters.
Korea's "Jewel In The Palace" star Lee Young-ae will return to South East Asian TV screens after her next drama series "Saimdang" was acquired by Turner International.
Nikkei Inc. sees acquisition as major step in the internationalization and digitization strategy that it has already been pursuing.
Leading Australian distributor Transmission Films will see its films given video and online releases by Sony Pictures Home Entertainment.