Beijing-based Enlight Media, one of China’s most prominent production companies, said Monday it expects a steep decrease in net profits of up to 96% in the first half of the year compared to the same period in 2018 — an indicator of the deep turmoil in the Chinese industry, which has been hit by regulatory changes and new tax burdens. Whereas the company booked net profits of RMB2.1 billion ($305 million at today's exchange rate) in the first half of...
Beijing Enlight Media
Wang
Changtian
Chairman / CEO / President
Wang has established himself as one of the leading figures in the Chinese film and TV world as the CEO and majority shareholder of Beijing Enlight Media, the country’s third-largest film distributor and producer of such films as the animated “Weathering With You” (2019) and the fact-based Korean War drama “Sniper” (2021), about a real-life Chinese soldier credited with 214 kills. Now he’s making a move into location-based entertainment with Enlight Movie World, a $2.5 billion theme park that will eventually cover 651 acres in Yangzhou in eastern China. Enlight first announced plans for the park in 2018, and in January 2021 the company revealed it had hired L.A.-based Legacy Entertainment to design its central hub, Enlight Epicenter, which features attractions inspired by its animated films.