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Producer of Oscar-winning Crouching Tiger, Hidden Dragon aims to turn film studio Huanxi Media into ‘China’s Disney+’ as pandemic leaves cinemas reeling

A year ago, Huanxi Media sent shock waves through the industry when it suddenly decided to cancel theatre screenings and debut the hotly anticipated flick Lost in Russia free online instead, as the onset of the deadly coronavirus forced Chinese cinemas to close.That was on the first day of the Year of the Rat, when few could have predicted the carnage that was to follow as the virus grew to global pandemic proportions, gutting just about every industry that is not web-based .As the Year of the…

Read the original article at South China Morning Post

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