×

China’s Tencent Boards Remake of Shaw Bros. Classic ‘The Magic Blade’

Tencent Pictures has come on board a movie project to remake “The Magic Blade,” a classic martial arts movie originally produced at Hong Kong’s iconic Shaw Brothers studios.

Chinese social media giant, Tencent has previously partnered with Celestial Pictures, the company that now controls the rights to the Shaw Bros. library, on an online game of “The Magic Blade” (aka “The Moonlight Blade”). The original film was released in 1976. Celestial now plans to make a feature film.

“It is very exciting for us to find a partner of like-minds to jointly enhance and develop the original film IP by extending into a larger picture and understanding of the screenplay and its characters,” said Kristen Tong, Celestial Pictures COO. “Celestial has been active in developing transmedia story worlds built upon our library’s super IPs to bring extraordinary entertainment experiences to the global and Asian markets.”

Details of the film’s budget, talent attachments and schedule are currently unavailable.

Tencent recently set up Penguin Pictures (Shanghai), a new movie production unit, that will focus on online drama and make minority investments in feature films, as well as establishing its own pool of talent under management. It said that it will back 10-15 movies per year.

This week Tencent revealed that it would release the first six episodes of “Star Wars” to
Chinese online video viewers.

Celestial Pictures has a substantial investment in Celestial Tiger Entertainment (CTE), a venture with Saban Capital Group and Lionsgate.  It operates branded pay television channels including Celestial Movies, Celestial Classic Movies, Celestial Movies HD, CHK, Kix, Kix HD and Thrill, with a footprint that spans Asia and Australia.

More Film

  • Choas Charles Mansion and the CIA

    Amazon Studios Takes Film Rights to Manson-Centered Drama 'Chaos' (EXCLUSIVE)

    Just in time for the 50th anniversary of the grisly murders executed by the followers of Charles Manson, Amazon Studios has optioned film rights to a nonfiction title about a journalist who spent decades obsessively following the case. The studio will adapt “Chaos: Charles Manson, the CIA, and the Secret History of the Sixties,” from [...]

  • Sword of Trust

    Marc Maron on 'Sword of Trust,' Lynn Shelton and Conspiracy Theories

    Marc Maron has interviewed everyone from Bruce Springsteen to President Obama, so he’s probably learned a few things about being a good interview. Of course, as he points out, he generally has over an hour to talk leisurely speak with his guests in his home and draw out stories beyond the public narrative; it’s a [...]

  • Andrew Lincoln as Rick Grimes - The

    Andrew Lincoln's ‘Walking Dead’ Movies to Be Released Only in Theaters

    The first planned movie centered on “The Walking Dead” character Rick Grimes will now run in theaters rather than on AMC. The announcement was made with a brief teaser video played at San Diego Comic-Con on Friday, with the video ending with the words “Only in Theaters.” The film will be distributed by Universal Pictures. [...]

  • Jennifer Beals The Last Tycoon

    Jennifer Beals Seeking SAG-AFTRA Board Seat as Matthew Modine Ally (EXCLUSIVE)

    Jennifer Beals is running for a SAG-AFTRA national board seat as a member of presidential candidate Matthew Modine’s progressive Membership First slate. Beals is best known for starring as Bette Porter on the Showtime series “The L Word” and for her lead role as Alex Owens in the 1983 hit “Flashdance.” She’s starred in the [...]

  • Alamo Drafthouse Opens New Downtown Los

    Alamo Drafthouse Storms into L.A. with New Location

    “Cinema is alive and well tonight!” Alamo Drafthouse founder Tim League declared at the theatrical venue’s ribbon-cutting ceremony on Thursday night, where a gathering of 160 employees cheered and sliced into a strip of 35mm film in keeping with the company’s tradition. Despite dire predictions heralding the end of the theater-going experience, League was upbeat [...]

  • The Lion King Teaser

    'The Lion King' Leaping to $185 Million North American Debut

    Disney’s “The Lion King” is heading for a dominant $185 million opening weekend in North America, early estimates showed Friday. Should that number hold, “The Lion King” will record the second-best opening of 2019 — and give the sagging domestic box office a badly needed boost. “The Lion King” would replace “Incredibles 2,” which launched [...]

  • Joe Anthony Russo

    Russo Brothers Announce 'Grimjack,' Live-Action 'Battle of the Planets' Adaptations

    Joe and Anthony Russo are looking to their youth to populate the development slate at their production company AGBO. A relatively obscure comic book called “Grimjack” will count the Russos as producers for an adaptation, they announced at San Diego Comic-Con. They’re also cooking up a live-action adaptation of the animated show “Battle of the [...]

More From Our Brands

Access exclusive content