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Korean hit film ‘12.12: The Day’ sets North American digital release – Global Bulletin

NORTH AMERICAN DIGITAL RELEASE

 

— North American digital distributor Echelon Studios has come on board “12.12: The Day,” the highest grossing film from Korea last year.

 

The film has been on theatrical release in North America, through 815 Pictures since last year and grossed over $1 million. Echelon said that the film will have a streaming release later this year. It will also be available to pre-order to own on iTunes, Apple TV, Google Play, YouTube Movies, Vudu, Vimeo OnDemand and OnDemand Korea shortly.

 

Directed by Kim Sung-su and with a Korean gross exceeding $90 million, the action drama is based on true events in December 1979, which resulted in an eight-year military junta in South Korea.

 

The film stars Hwang Jung-min (“Deliver Us from Evil”), Jung Woo-sung (“Asura: The City of Madness”), Lee Sung-min (“The Spy Gone North”), Park Hae-joon (“Believer”), Kang Gil-woo (Netflix series “The Glory”), and Jung Hae-in (Netflix’s “D.P.”).

TREASURE ISLAND

Principal photography has now wrapped on Kent Donguines’ feature documentary, “Treasure of the Rice Terraces,” produced by Crawford Filmworks and Aimer Films. Donguines is the first Filipino-Canadian filmmaker to travel to Buscalan, a secluded mountain community in Tinglayan, Kalinga, Philippines, to find the legendary artist Apo Whang-Odand her apprentices to learn about the history and symbolism of Kalinga tattoos.

 

“Treasure of the Rice Terraces” explores how this old practice, once banned and despised in Philippine society, is evolving into a chic and in-demand type of body art that has become a source of pride and belonging for many Filipinos, both at home and abroad. The documentary highlights the importance of preserving the tattoo culture for future generations and the challenges faced by the community in doing so. It also delves into the issues of stolen mummified bodies, cultural appropriation, stigmatization, and discrimination faced by tattooed individuals.

 

Anthropologist, Lars Krutak, Kim “Kuya Kim” Atienza, Miss Universe Philippines 2023 Michelle Dee, and Designer Mark Bumgarner are among the people interviewed for this documentary. Knowledge Network has the Canadian rights to the film.

 

SILENT SEASONS

Rabbit Films is to give birth to two additional seasons of “Silent Library Suomi,” a Finnish adaptation of a Nippon TV format. The first two seasons aired on the Walt Disney Company-owned Star Channel with 36 episodes in 2023, and a fourth season is also planned for autumn 2024. Riku Rantala, the multi-talented reporter, author, and host of a popular local documentary program, will continue to navigate the series.

 

First airing in 2001 on Nippon TV, Silent Library has been a primetime, family-oriented television sensation in Japan. It was created by the legendary Japanese comedian Matsumoto Hitoshi from the famed duo DOWNTOWN, and is produced by Nippon TV in association with Yoshimoto Kogyo.

 

Since its launch as an international format in 2007, local versions of Silent Library have been developed in more than 20 countries around the world, including MTV in the U.S.

 

 

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— Variety

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South Korea’s leading display makers LG and Samsung close ranks as they cede ground to Chinese TV and smartphone screen manufacturers and face OLED competition

—  After taking over mass-market LCDs, Chinese manufacturers are threatening to undercut South Korean makers on premium OLED technology

 

Financial Times:

 

South Korea’s leading display makers LG and Samsung are closing ranks as they cede more ground to Chinese manufacturers of TV and smartphone screens and face being undercut on their leading-edge OLED technology.

 

In what has become a battle for survival for the once-dominant companies in the sector, Samsung closed its last liquid crystal display factory in China in 2021 and is set to rely this year on its domestic rival to produce more of its panels there. The unusual level of co-operation comes as LG seeks to sell its remaining LCD plant in the country, according to reports, after a slump in global IT sales following the lifting of pandemic-era lockdowns in China.

 

Having conquered the market for cheaper mass-market LCD technology, Chinese display manufacturers are now making inroads on the last bastion of South Korean technological superiority, with their leader — state-owned BOE Technology — building a $9bn plant to produce cutting-edge organic light-emitting diode panels in the southwestern Chinese city of Chengdu.

 

South Korea’s display industry is facing the same fate as Japan’s in the $160bn global market, analysts said, citing the worst-case scenario of JOLED, a Japanese joint venture between Panasonic and Sony’s advanced display businesses, which went bankrupt last year with $250mn in liabilities after struggling to match South Korean investments in the sector.

“Just as Korea overtook Japan as the display industry leader, China is likely to outsmart us on the back of its huge domestic market, abundant capital and technological development,” said Park Chong-hoon, head of research at Standard Chartered in Seoul.

 

Park added that the display battle was indicative of the wider struggle for South Korea to preserve its technological edge over China in industries ranging from chips and batteries to smartphones and shipbuilding.

 

“This phenomenon will not be confined to just the display market. China is catching up fast in other capital-intensive industries and will soon overtake Korea in most key manufacturing industries,” he said.

 

Samsung and LG rose to pre-eminence in the global display market in the 2000s, following a series of aggressive investments that helped them overthrow the Japanese incumbents. They relied on their in-house display businesses to supply panels to their TV and smartphone divisions, but that model was disrupted by the rise of Chinese alternatives supported by generous government subsidies and a giant domestic market, as well as by Taiwanese competitors.

 

“The massive expansion of Chinese panel production capacity and the resulting price competitiveness led Korean panel makers to exit the LCD supply chain under loss pressures,” said Iris Yu, an analyst at Taiwanese consultancy TrendForce.

 

The two South Korean companies have focused their investments instead on OLED displays for high-end TVs, smartphones and tablets, as well as next-generation micro OLED displays for virtual and augmented reality devices such as Apple’s Vision Pro headset. LG Display is the world’s only mass producer of large OLED panels, although OLED TVs only make up 3 per cent of the global TV market. Now the two are finding themselves under pressure in the OLED segment as well.

BOE’s new Chengdu plant will produce OLED substrates using the latest 8.6-generation technology — setting up a head-to-head battle with Samsung to supply OLED panels to Apple for next-generation iPads and MacBooks.

 

“Korea is far advanced in terms of OLED quality, but China’s OLED panels are much cheaper than Korea’s,” said Yi Choong-hoon, a display expert and head of Seoul-based UBI Research.

 

“China suffers huge losses, but it still supplies OLED panels at cheap prices to increase its market share, meaning it will kill off competitors as it has done in the LCD market,” he added.

 

“China will overtake Korea in the OLED market, too, if things are left as they are.”

 

The South Korean companies must also contend with an intensifying Chinese campaign to acquire their display-making expertise.

 

According to South Korean government figures, between 2016 and 2023, Chinese entities were able to steal more technology from the country’s display sector than from any other industry apart from the chip sector. Last year Samsung Display filed a complaint against BOE with the US International Trade Commission aimed at stopping the Chinese company from selling displays in the US using tech that was allegedly stolen, according to the South Korean company.

 

BOE, which denies the allegations, has responded with a barrage of lawsuits against several Samsung subsidiaries in China. Having cut ties with BOE, Samsung is now getting more LCD panels from LG Display’s Chinese plant in the southern city of Guangzhou. Yu of TrendForce predicts that Samsung “will significantly reduce its dependency on Chinese panel makers in 2024, dropping its procurement share from 55 per cent to 38 per cent.”

The new partnership between the South Korean companies also constitutes a lifeline for LG, which suffered seven straight quarters of losses before finally reporting an operating profit in the final quarter of 2023.

“Samsung and LG need each other because the all-out display war between Korea and China has spread to the premium market,” said Nam Sang-uk, a researcher at the Korea Institute for Industrial Economics & Trade.

 

Samsung and LG declined to comment on their co-operation. Yi of UBI Research said Washington should consider intervening on South Korea’s behalf, arguing that a Chinese takeover of the sector would complicate US-led efforts to enlist Seoul’s assistance in reducing China’s access to more sensitive technologies such as semiconductors.

 

“China dominating the display sector will undermine US chip strategy because it gives Beijing such leverage over Seoul,” said Yi.

 

“If Korea reduces its chip supply to China, then China can reduce its display supply to Korea. The more dependent Korean IT companies become on Chinese suppliers, the more this kind of retaliation will hurt.”

 

 

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— Techmeme

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INVIDI Technologies and Tata Play revolutionize television advertising landscape in India with launch of data-driven addressable advertising

PRINCETON, N.J. & CHENNAI, India — (BUSINESS WIRE) — #AddressableTVINVIDI Technologies, the global leader in advanced TV advertising solutions, has joined forces with Tata Play, India’s leading content distribution and Pay TV platform, to introduce targeted advertising on linear TV channels.

 

The collaboration leverages INVIDI’s innovative addressable advertising technology, empowering Tata Play to deliver personalized ads to over twenty million connections across Tata Play’s footprint. This marks a significant milestone in the evolution of television advertising in India.

 

Addressable advertising opens doors to a new realm of possibilities in India, where advertisers can now deliver ads tailored to each identified region or audience cohort, ensuring that every household receives content aligned with their interests. This not only maximizes the impact of advertising campaigns but also increases the value of Tata Play’s advertising inventory.

 

“Addressable advertising is a game-changer for advertisers. The technology will not only boost advertising effectiveness but also create an opportunity for small and regional brands to reach viewers of national TV,” said Harit Nagpal, Managing Director and Chief Executive Officer of Tata Play.

 

“INVIDI Technologies is proud to join forces with Tata Play to introduce cutting-edge addressable advertising solutions to the Indian television landscape. This collaboration marks a significant stride toward a future where advertising is optimally relevant, with minimal wasted reach. Through personalized and targeted content delivery, we aim to redefine the viewer’s relationship with advertising, creating a more engaging and meaningful experience. Our advanced technology is poised to elevate the standard of television advertising in India, and we are thrilled to be at the forefront of this transformative journey with Tata Play,” said Prasad Sanagavarapu, Managing Director of India and EMEA for INVIDI Technologies.

 

The partnership between INVIDI and Tata Play represents a significant leap forward in the evolution of television advertising in India. By adopting addressable advertising, the industry is not just embracing innovative technology, it is putting viewers at the center of the advertising experience.

 

The launch of addressable advertising solutions by INVIDI and Tata Play is poised to reshape the television advertising landscape in India. This move aligns with the global trend towards more targeted and data-driven advertising, bringing India to the forefront of innovation in the industry.

 

About INVIDI Technologies

INVIDI Technologies’ patented advanced advertising technologies unlock the maximum value of premium video by uniting distributors, programmers, and data providers to ensure advertisers reach the right audiences when, where, and however they are watching. INVIDI launched the first broadly deployed addressable advertising system in the world and its products enable cross-platform campaign execution to provide maximum reach and optimal viewer experience management. Our partners use INVIDI’s software to produce billions of dollars in advertising revenue and relevant messaging, while protecting viewer privacy. INVIDI’s Emmy® Award-winning technical excellence, industry-leading experience, and innovative linear and digital precision-based solutions are deployed in the United States and around the world. INVIDI is co-owned by AT&T, DISH Network L.L.C., and WPP. Learn more at www.invidi.com.

 

About Tata Play

Incorporated in 2001 and with services launched since 2006, Tata Play is India’s leading content distribution platform providing Pay TV and OTT services. Its objective is to connect to leading content in the world on any budget, any screen, anytime and anywhere.

 

Staying true to its commitment of making tomorrow better than today, Tata Play’s growth over the years has been cemented by many innovations and enhancements. The company has invested in advanced digital infrastructure, partnered with global leaders to provide superior technology and set up high-end 24×7 call centers in 12 languages across the country manned by multi-lingual customer service associates to offer professional and efficient customer service. Tata Play has footprints pan India with 23 million connections.

Contacts

INVIDI Technologies:
media@invidi.com

Tata Play:
Atrayee Chandra

Atrayee.chandra@tataplay.com

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British production sector regains its swagger after strike hiatus: ‘Demand is going to be ramping up’

Despite being significantly hit by the WGA and SAG-AFTRA strikes in 2023, U.K. film studios and production facilities are looking to pick back up where they left off after a record-breaking year for film and high-end television production spend in 2022.

 

When asked what the industry can expect in terms of business in the year ahead, Samantha Perahia, head of production U.K. at the British Film Commission, says she feels positive that demand “is going to be ramping up.”

 

She continues, “We already know that some of our studio facilities in the U.K. are getting very busy. While not every facility in the U.K. is jampacked again, there seems to be some momentum now, which is very welcome.”

 

The production spend in the U.K. jumped from £726 million ($376 million) in 2016 to $7.8 billion in 2022. At the same time, the U.K. considerably expanded its studio and stage provision to accommodate steadily increasing demand by major U.S. studios and streamers.

 

A traditionally popular base for screen production thanks to skilled crews, generous tax incentives and a diverse landscape, the U.K. began heavily investing in purpose-built studio facilities back in 2020, when the BFC received a $6 million government boost to expand its work promoting the U.K. as a destination of choice for studio space investment. “I wouldn’t have been able to say we have enough studio space five years ago, but I can say so now,” says Perahia.

 

Edinburgh’s FirstStage Studios is one of the many facilities to come onto the scene since then. With 8.9 acres of stages, offices and workshops, FirstStage is run by BAFTA-winning producer Bob Last and actor-director Jason Connery. Since first opening in 2020, the studios have welcomed major productions including Marvel’s “Avengers: Infinity War” and Netflix’s “Eurovision Song Contest: The Story of Fire Saga.”

 

“We’ve been fortunate with the demand and are currently incredibly busy,” says Last, who adds that FirstStage offers a unique “scale of building and imagination” formerly reserved for London facilities. “Historically, productions conventionally did location work elsewhere but returned to London for studio work. Now it’s a logical option to look at the U.K. as a whole if you want to shoot something ambitious.”

 

Conveniently uniting state-of-the-art studio facilities with easy access to locations has also proved a great strategy to Andrew Reid, chief content officer at Northern Ireland Screen. “We have been very fortunate that when large-scale productions come to Northern Ireland, they use the country as a whole to the best. One of our main pitches is that you can be on a stage in the morning and the beach in the afternoon,” says Reid.

 

Reid oversees Northern Ireland’s three leading studio facilities, Belfast Harbour Studios, Loop Studios and Titanic Studios. Recent projects filmed in Northern Ireland include BBC/Showtime’s “The Woman in the Wall,” Paramount Pictures’ “Dungeons and Dragons” and Universal’s upcoming live-action adaptation of “How to Train Your Dragon,” which is currently filming at Titanic Studios.

 

When looking at current demand, Reid observes that “streamers and U.S. studios are still dealing with 2023 and productions meant to wrap in the past year,” adding that while their studios are not seeing “a floodgate opening just yet,” there is hope for productions to pick back up, albeit a bit later in the year.

 

Location-wise, the U.K. has also seen an increase in local cities doubling for international capitals. Director Jon S. Baird turned Aberdeen into Cold War Russia for Apple TV+’s “Tetris,” while Warner Bros. subbed Liverpool and Glasgow for “The Batman’s” Gotham.

 

Veteran Scottish line producer Wendy Griffin, whose credits include “The Lost King” and “Limbo,” fondly recalls shooting Warner Bros.’ “Batgirl” in Glasgow. “Shooting in Glasgow allowed the directors to do things they would have never been allowed to do elsewhere. We closed down streets and had a fire truck shooting fires six meters above.

 

“It’s really sad how it all turned out,” Griffin says of the film’s shelved release. “But at the same time, Warner Bros. demonstrated an interest in bringing a lot more productions to Glasgow. This could cause an industry boom because they employed a huge number of people while shooting here.”

 

Not only are studios across the U.K. becoming more diverse in terms of location, but major production facilities are making strides to better accommodate crews. In 2020, the Wonder Works became the first nursery dedicated to the film and TV production sector to operate from a major U.K. studio, based at Warner Bros. Studios Leavesden Park.

 

The Wonder Works’ director and co-founder Charlotte Riley, an actor whose credits include “Peaky Blinders” and “Edge of Tomorrow,” claimed the idea for the company came from her first-hand experience with how difficult it was for crew members to return to work after having a child.

 

“In the U.K., we have huge amounts of investment in grassroots talent, but the problem is that, when people reach an age when they want to form a family, we lose that talent. The experienced people leave the industry and you end up with sets entirely made up of crew working those positions for the first time. We need experienced people to stay in the industry and mentor those who are coming through,” she says.

 

Perahia has also seen an increase in studio facilities taking into account the physical and mental well-being of crews. “There has been a noticeable change in attitude. Productions themselves are actively providing nursing rooms in their bases and offices for mothers who are returning to work. Wolf Studios in Cardiff offers quiet rooms and other studios have opened dedicated green spaces and mental health resources.

 

“At BFC,” she continues, “we’ve been working with an organization called Soulless Mind, donating confidential counselling sessions for client productions. The productions will then often take it on themselves to carry on for future productions.”

 

Regarding the U.K.’s competitiveness on an international level, Perahia believes the country remains a leading force in the biz due to a combination of “a wonderful landscape, sophisticated crew base, great studio space across all four nations and what is considered by our clients to be the most user-friendly, transparent and accessible tax release.”

 

Perahia notes that “we have been proactively partnering with European jurisdictions since we left the E.U. As a filmmaking nation, we are exponentially more valuable if we make it easier for big productions to use the U.K. as a hub and then jump off and work in other parts of Europe. We look at those parts of Europe not just as competitors, but as opportunities for partnership, and we made really positive strides in that regard.”

 

With the consensus that the U.K. currently offers an adequate provision of studio space, one issue lingers in the mind of executives in the area: oversupply. “If all the studio spaces planned come to fruition, then we will have too much. It is a delicate balance to ensure a steady stream of work without causing too much scarcity and having projects cannibalizing each other,” warns Reid.

 

Perahia echoes the sentiment: “We need to keep a very close eye on not oversaturating. We have studios that we did not have previously, so we’re in a really good place when it comes to studio availability, but we need to remain vigilant.”

 

 

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— Variety

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How film about ‘A Family’ depicts relatives’ reactions to disclosure that father repeatedly rapes child

In Christine Angot’s documentary “A Family,” which premiered Sunday in the Encounters section of the Berlin Film Festival, the French novelist explores how various members of her family reacted to the revelation that she was repeatedly raped by her father from the age of 13.

 

The film starts with a startling confrontation between Angot and her stepmother in Strasbourg, with Angot pushing her way into her stepmother’s apartment with a camera-person and proceeding to question the woman about Angot’s late father’s crimes and the wife’s view on that.

 

Angot says that this incident was not planned at all. In fact, the documentary itself was not planned. It started when Angot went to Strasbourg as part of a book signing tour to support the publication of “Le Voyage dans l’Est,” which focuses on those in her inner circle who knew of the abuse and failed to intervene. She decided to invite her friend Caroline Champetier, a cinematographer, to accompany her, but without a clear idea of what would be achieved.

 

Angot had written about the repeated rapes committed by her father before. Her novel “Incest” was considered to be a piece of autofiction, and the novel “An Impossible Love” also dealt with an incestuous relationship, and was adapted as a film by Catherine Corsini.

 

However, having Champetier film the confrontation with her stepmother made a “big difference,” Angot tells Variety. For her to have that camera show exactly what was said meant that Angot did not feel alone, she says, and the camera became a kind of witness. In the film, the stepmother says the book was Angot’s “version” of events, but no one can dispute what we hear of their conversation.

 

“There’s no other version,” Angot says. “There can be a judgment. People can say: ‘Oh, she shouldn’t do that. How can she?’ Because they attend the scenes. So, they can have an opinion. But they see what they see. They hear what they hear. I don’t have to explain anything. I just have to be there.”

 

As Angot proceeded to talk to others – including her mother, her former husband and her daughter – about her experience of having been raped by her father, she is “questioning” the status of a family in society, she says. Her intention was to say to her stepmother: “Let’s just talk together. One day we will all be dead. If there is something to say – and there is – it is now. You are the mother of my brother and sister. This problem of incest is not my problem, it is a problem you have too. That your son and daughter also have. It is not a problem for one person, it is a social problem.”

 

There is also an examination of the role of a father in the film. At one point someone comments that Angot was raped by a man, and she corrects them to say, “Not a man, my father.” It is not just that a father should be someone who protects the child and who should be trusted, she says. “If the person who rapes you is your father, it means that he doesn’t recognize you as his daughter, someone who should benefit from the taboo, from the interdiction that incest is forbidden. It is a protection for children that it is forbidden. He doesn’t respect this prohibition. So, it is a denial of his paternity to you. So, it is not only: ‘Oh I am being raped.’ It is that, but not only. It is: ‘I am not recognized as a human and social being in a society.’”

 

She says the reason her stepmother does not want to acknowledge what has happened, and “renounce” her husband is because she would jeopardize her respectability, and her standing in society. “What is the most important thing is not truth, what happened, a crime. The most important thing is keeping the respectability which they inherited from the strong member of the family, which was that man, her husband.”

 

Even though there were others who did not step forward to protect Angot, she acknowledges that each was held back in some way. “Everyone has their own story,” she says.

 

Angot does not agree with her stepmother’s view that she had exhibited aggressiveness when seeking to push her way into the apartment. “It is just a door which has always been closed, which began to open and which will be closed again for dozens of years, until we are all dead,” Angot says.

 

“What is this door? It is the door of the apartment – the place where talking is possible for just a few minutes. A door behind which the rapes, the incest has been committed. How can I let this door be closed again? It is too important.”

 

 

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— Variety

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Why ‘From Hilde, With Love’ director made Nazi-era Berlin seem almost ‘Normal:’ ‘I wanted to bring it closer to our reality’

When Laila Stieler’s script for “From Hilde, With Love,” which world premiered Saturday in competition at the Berlinale, first came to director Andreas Dresen he was a little reluctant to take the project on.

 

The issue was not the script but the subject-matter: set in Nazi-era Berlin, “From Hilde, With Love” is a love story about two real life members of the pro-Communist, German resistance movement known as the Red Orchestra, Hilde and Hans Coppi.

 

More than 50 members of the group were guillotined in Berlin’s Plötzensee Prison between 1942 and 1943, including the Coppis. Hilde gave birth to her son in prison. He is alive today and was consulted about the production.

 

“I was a little bit afraid of doing these films about Nazi times, because it’s always in sepia colors, you know, very historical, very artificial always, and this is not the style of cinema I like,” he tells Variety.

 

“But when I read [the script], with that wonderful character [Hilde], I immediately fell in love with that woman because she’s so humble, so shy, and she would never have called herself a resistance fighter. It just would not have been possible for her. She just followed her heart, and that’s what I really liked about [the story].”

 

The film, which is being sold by Beta Cinema and is produced by Claudia Steffen and Christoph Friedel for Pandora Film, stars “Babylon Berlin” breakout Liv Lisa Fries and Johannes Hegemann.

 

One aspect of the production is the absence of the usual cliches of the Nazi period: There are no swastikas, the Gestapo officers wear suits, not black leather coats, and nobody has a dueling scar.

 

All of this was intentional. “I was bit afraid of these iconic statements about those times. The intention was to not give that story a kind of historical ambience. I wanted to free it from history and to bring it closer to our reality,” Dresen says.

 

The intention, he says, was to make everything seem almost “normal.” Before they are caught, life for Hans, Hilde and their friends seems light-hearted and almost fun: they drink, they picnic, they dance, they swim and make love.

 

One reason for this was that Dresen grew up in Communist East Germany where the Coppis and other members of the resistance were depicted as larger-than-life heroes. “They were so brave, everything they did was so fine, and so I found myself feeling so small in front of them, and I always thought: ‘Oh, I could never be so brave as they were and I’m such a small person,’ and I think behind that is a kind of political intention. And that was that if you don’t compare yourself to people like that, then you don’t allow yourself to step into any kind of resistance. And in East Germany, of course, it was the intention to prevent us from doing anything against the system.”

 

“And, so, my intention when we started production was to bring these people as close as possible to us, so we could feel that they could be our partners, they could be our friends. These are young people: they fall in love; they go swimming; they have sad times. Sometimes it looks like they are on their holidays. These are not 24/7 resistance fighters. Most of them are young people who have their own dreams. They want to have families. Hilda becomes a mother. That was important for me: to show these people as normal as possible.”

 

The legal process is depicted as being almost as you’d see in a democratic state. There is almost no violence shown during the interrogation, the prison guard and nurses are depicted as being as humane as they could be in the circumstances, there is little histrionics at the trial, evidence is presented calmly, a defense attorney is present, and the judge gives Hilde an opportunity to exonerate herself by accusing others, but when asked why she conspired against the state, she simply replies: “Because I loved my husband.”

 

“Even the Nazi part in the film, they are in a way normal people. They don’t shout, they don’t hit, except one moment. We don’t have these marching soldiers. I think the system could look friendly, but at the end it’s as dangerous as it was, even if the people are friendly, because they are opportunists. It’s not necessary to be very loud. ‘We are following the rules of the system. We do everything we can to be friendly.’ But at the end is the guillotine.”

 

“And, so, I wanted to show this part of history as close as possible to our reality and that we can compare ourselves to people like Hilde and Hans, on the one side, and on the other side, to the Nazis. So you can choose: On which side would I have been if I had lived there? And I think maybe even in our times, it is important to decide.”

 

 

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— Variety

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African cinema set to shine at Berlin Film Festival, but continent’s moviemakers insist ‘there’s always room for more’

Africa’s growing screen industries are making their mark on the global stage, with three titles in the main competition at this year’s Berlin Film Festival, but how to unlock the continent’s still-untapped potential was a question on the minds of many at a conference hosted on Saturday by the European Film Market.

Tyler Ricketts (l.) and Carmen Thompson (Courtesy of Christopher Vourlias)

 

A partnership between EFM and Prudence Kolong’s Stockholm-based consulting firm Yanibes, AfroBerlin was launched to give a platform to filmmakers from Africa and the diaspora and “to find a place where they can share stories and experiences and be heard,” said Kolong, who also organizes the Cannes Film Festival’s AfroCannes industry showcase.

 

The event brought together industry professionals from the continent with their counterparts in Europe and beyond, underscoring the ways in which the often-marginalized African screen industries have elevated their international profile. “When we’re talking about the global film market…we are part of the discussion,” Kolong said. “People are thirsty to know more about African stories.”

 

This year marks an auspicious Berlinale for filmmakers from the continent, with veteran Mauritanian-Malian auteur Abderrahmane Sissako’s “Black Tea” and French-Senegalese director Mati Diop’s “Dahomey” both bowing in the main competition, alongside Nelson Carlos De Los Santos Arias’s “Pepe,” a co-production between the Dominican Republic, Namibia and Germany. The jury, meanwhile, is headed by actor Lupita Nyong’o, who was raised in Kenya and whose ascent to A-list status in Hollywood is a source of pride and inspiration for many up-and-coming African talents.

 

The day’s sessions — wide-ranging, spirited, at times fractious — highlighted both the dynamism of film and TV production in Africa and its diaspora, as well as the challenges filmmakers face at a time when global crises and shifting economic headwinds have rattled screen industries worldwide.

Mati Diop’s “Dahomey” is competing for the Golden Bear in Berlin. Courtesy of Berlin Film Festival

 

“Financing is a problem. Because we don’t have the infrastructure as such on the continent. We don’t have the funding bodies you have in Europe and the Americas,” said Jacqueline Nsiah, a member of the selection committee for the festival’s competitive Encounters strand, who appeared in conversation with Berlinale executive director Mariëtte Rissenbeck and Neom’s managing director of media industries, entertainment and culture, Wayne Borg.

 

“The biggest challenge is to find a way to create networks to create funding opportunities on the continent,” she continued. “Producers are trying to find ways to tap into private investors, private companies. And I think that needs to happen more.”

 

In recent years, the panacea for many African creators has been an uptick in commissioning spend from global streaming platforms, though that optimism has dimmed in light of Amazon’s decision last month to press pause on its original content production on the continent, and broader questions about whether streaming giants are fully committed to Africa.

 

Borg, however, stressed that “there’s a lot of movement the other way” into the region, adding that his growing Saudi Arabian production powerhouse is “keen to engage more with the African industry.”

 

“For us, the African market, the Indian market, are equally important to us. What we’re keen to do is to create the right recipe, the right ingredients, to do that,” he said. “We’re open for business.”

 

Crossing borders

Africa’s diaspora community was out in full force on Saturday, reflecting on the multiplicity of cultures and backgrounds that shaped them; the term “Afropean” — a mélange of African and European identities — was adopted by several of the speakers, while others represented the wider diaspora in Latin America, the Caribbean and the U.S.

 

“To be an African is not to belong to a so-called country,” said Welket Bungué, a multi-hyphenate of Bissau-Guinean and Portuguese descent who’s based in Berlin. “We can be simultaneous. We don’t have to be one thing or another.”

Abderrahmane Sissako is competing at this year’s Berlinale with “Black Tea.”“Black Tea” (© Olivier Marceny, Cinefrance Studios, Archipel 35, Dune Vision)

 

For many young Africans — whether the children of immigrant parents in Europe and the U.S. or the consumers of global content on African soil — the old borders no longer apply. The growth of the continent’s screen industries is likely to reflect that trend: While Neom’s Borg made a strong pitch for the Saudi biz — which, with financing tools such as the Red Sea Film Fund, is fast becoming a key player in the African market — Saturday’s conference also made the case that there’s room for more trans-Atlantic collaboration between countries in the global South.

 

Luiz Toledo of Brazil’s Spcine, the city of São Paulo’s film and TV body, which signed a co-production agreement with South Africa’s National Film and Video Foundation last year, underscored that Brazil is home to the second-largest Black population on the planet — making it ripe for co-productions and other collaborations with African partners.

 

Throughout the day, speakers highlighted the need for African creators to seize control of their own narratives. “In order to tell our story properly, three-dimensional, with an impact…we need to be in power positions at every step of the process,” said Tyron Ricketts, one of Germany’s most successful Black actors, who produced the series “Sam — a Saxon” for Disney Plus through his Panthertainment label.

 

What that looks like, the world is only beginning to find out. Africa is yet to produce a paradigm-shifting movie or series on the level of South Korea’s “Squid Game,” but Editi Effiong’s revenge thriller “The Black Book” became the first-ever Nigerian film last year to reach #3 on Netflix’s worldwide film charts, breaking the streamer’s Top 10 list in more than 69 countries.

 

“There’s nothing to say that content from the African continent, from the Middle East, shouldn’t find a global audience. Great stories will travel,” said Neom’s Borg. Despite the strong African representation at this year’s Berlinale, Nsiah insisted: “There’s always room for more.”

 

 

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— Variety

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Art & Life Culture International & World Lifestyle Perspectives Science

Levan Akin discusses Panorama opener ‘Crossing,’ connecting with audiences, loving Anne Rice

Georgian-Swedish director Levan Akin is again winning over audiences with his latest film, “Crossing,” which opened the Berlin Film Festival’s Panorama section.

 

The touching drama is about retired teacher Lia (Mzia Arabuli), who sets off with a young companion, Achi (Lucas Kankava), on a journey from the Georgian city of Batumi to Turkey, where she hopes to find her long lost niece in Istanbul. Pic follows Akin’s acclaimed 2019 film “And Then We Danced.”

Credit: Haydar Tastan

 

Levan Akin Sulejmen Peljto

It was while researching that film in Georgia that he heard a story about a grandfather who was very supportive of his trans grandchild. “I just thought that was sweet, you know? Especially with all the debate that was going on around and around ‘And Then We Danced’ in Georgia specifically. I’ve always craved to see representation from that region, and stories I wish I would have seen when I was young.

 

“Films have a power, images have power. And if you show people other ways, other images of the things that they are used to, maybe it will make people think twice. I think that’s what made me want to make this film and tell this story.

 

“It’s also a story about regrets and atonement, and having that conversation with someone that I think we’ve all wanted to have, or say things that you know you can’t say anymore. I think that’s universal. From the reactions we’re getting here, it’s a film that connects with everyone in that way.”

 

The idea was to do “something intergenerational, a story about youthfulness, age, life and years, just time, and the choices we make and the choice we don’t make, the regrets we have. Those were the things I was thinking about.”

 

While Georgia and Turkey are familiar ground for Akin, the director was eager to share with audiences his fascination of the cultures and geography of the regions. “Georgia and the Caucuses as a whole are particularly fascinating because all of the cultures are so different from each other but they are so close.”

 

The very different people that populate these areas very much appeal to Akin. “That’s what I experience when I’m there — going into all of these rooms and spaces and meeting these people. I want to share them with an audience because they are so exciting and interesting.”

 

In making “Crossing,” Akin also sought a lighter, freer approach. “‘And Then We Danced’ has a very classic narrative structure. Here I wanted to do something that was more free, open-minded, maybe a little more novel.”

 

That stylistic choice is evident in the documentary feel of the story, which follows the unlikely companions on their journey of discovery, capturing the charming details of distant societies.

 

“It’s like cinéma vérité in a way. It’s things I see when I do research and reenact them; I want to share them because I think they’re fascinating.”

 

He recalls a scene on a ferry, in which the camera wanders around. “This boat is incredible. They take it every day and they drink tea on the boat — somebody walks around and hands out these little teas. That’s so nice. I want the world to see that.

 

“Also, I love films that feel like they caught a time. ‘And Then We Danced’ has that feel too. You’re like a fly on the wall catching these little scenes… I think this film has that feel of catching a very specific time.”

 

Indeed, it was also an opportunity to capture the grand city of Istanbul. “It always changes; it’s never the same. It’s totally different there now than it was when I filmed.”

 

Casting the film was very difficult, Akin says. He finally found his lead in Arabuli, a renowned actress in Georgia and ensemble member at the Tumanishvili Theater in Tbilisi. “Mzia Arabuli is like a force of nature,” the director adds.

 

The film boasts two other leads, including Kankava and Deniz Dumanlı, who plays Evrim, an Istanbul lawyer and activist.

 

Instead of having “one lead who has to be amazing, here we had three and they all had to be equally interesting. They all had to be able to carry the film alone essentially. That was a challenge.”

 

In addition to his feature films, Akin has worked on a number of series, including directing a number of episodes of AMC’s “Interview With the Vampire,” which just wrapped Season 2. The show is particularly close to his heart.

 

“I loved the book when I grew up and I love Anne Rice.  The first time I was in New Orleans 12 years ago I did an Anne Rice tour. I’m a super fan — those books changed my life. They opened up the world to me.”
When he heard that the show was being made, he contacted his agents and a meeting with showrunner Rolin Jones followed.

 

“He like ‘And Then We Danced’ and he saw my passion for Anne Rice. And then I got to do it.”

 

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— Variety

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Cenntro Electric Group Limited announces approval of the scheme of arrangement by the Supreme Court of New South Wales

FREEHOLD, N.J. — (BUSINESS WIRE) — Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, refers to the proposed scheme of arrangement in relation to which Cenntro will re-domicile from Australia to the United States (“U.S.“, the “Scheme”), and under which Cenntro will become a subsidiary of Cenntro Inc., a corporation incorporated in accordance with the laws of the state of Nevada for the purpose of effecting the Scheme.

 

Cenntro is pleased to announce that the Supreme Court of New South Wales, Australia (the “Court“) made orders approving the proposed Scheme on Friday, Feb. 16, 2024 (Australian Eastern Daylight Time, “AEDT“).

 

Cenntro further confirms that it has today lodged an office copy of the orders made by the Court approving the Scheme with the Australian Securities and Investments Commission (“ASIC“) pursuant to sub-section 411(10) of the Corporations Act 2001 (Cth), as a result of which the Scheme is now legally effective.

 

An office copy of the Court orders lodged with ASIC is attached at Annexure A to this press release.

 

Eligible Cenntro shareholders who hold Cenntro ordinary shares of the Company as at 7 p.m. (AEDT) on Thursday, Feb. 22, 2024 (the “Record Date“) will receive one share of common stock in Cenntro Inc. in exchange for every one ordinary share of the Company which such eligible Cenntro shareholder held as of the Record Date.

 

Next steps

An indicative timetable of the key milestones remaining under the Scheme is set out below:

Expected date*

Event

Thursday, February 22, 2024 at 7:00pm

Record Date – being the time and date for determining entitlements to Scheme consideration

Tuesday, February 27, 2024

Implementation date – being the date on which the Scheme will be implemented and Cenntro shareholders will receive the Scheme consideration which they are entitled to

Thursday, February 29, 2024

Commencement of dispatch to Eligible Cenntro shareholders of statements confirming the issue of common stock in Cenntro Inc.

 

*All dates and times listed in the table above are in AEDT and are indicative only and subject to change. Cenntro, in consultation with Cenntro Inc., may vary any or all of these dates and times and will provide reasonable notice of any such variation. Any changes will be announced by Cenntro to Nasdaq and published on Cenntro’s website at www.cenntroauto.com.

 

About Cenntro Electric Group Ltd.

Cenntro Electric Group Ltd. (NASDAQ: CENN) is a leading maker and provider of electric commercial vehicles (“ECVs”). Cenntro’s purpose-built ECVs are designed to serve a variety of commercial applications inclusive of its line of class 1 to class 4 trucks. Cenntro is building a globalized supply-chain, as well as the manufacturing, distribution, and service capabilities for its innovative and reliable products. Cenntro continues to evolve its products capabilities through advanced battery, powertrain, and smart driving technologies. For more information, please visit Cenntro’s website at: http://www.cenntroauto.com/.

 

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as “may,” “believe,” “anticipate,” “could,” “should,” “intend,” “plan,” “will,” “aim(s),” “can,” “would,” “expect(s),” “estimate(s),””project(s),” “forecast(s)”, “positioned,” “approximately,” “potential,” “goal,” “strategy,” “outlook” and similar expressions. Examples of forward-looking statements include, among other things, statements regarding assembly and distribution capabilities, decentralized production, and fully digitalized autonomous driving solutions. All such forward-looking statements are based on management’s current beliefs, expectations and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. For additional risks and uncertainties that could impact Cenntro’s forward-looking statements, please see disclosures contained in Cenntro’s public filings with the SEC, including the “Risk Factors” in Cenntro’s Annual Report on Form 10K/A filed with the Securities and Exchange Commission on July 6, 2023 and which may be viewed at www.sec.gov.

Contacts

Investor Relations Contact:
Chris Tyson

MZ North America

CENN@mzgroup.us
949-491-8235

Company Contact:
PR@cenntroauto.com
IR@cenntroauto.com

Categories
Business Culture Economics International & World Lifestyle Perspectives Regulations & Security

AM Best upgrades Credit Ratings of CG United Insurance Ltd.; affirms Credit Ratings for most of Coralisle Group Ltd. subsidiaries

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of CG United Insurance Ltd. (CG United) (Barbados).

 

The outlook of these Credit Ratings (ratings) has been revised to stable from positive. Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of “a” (Excellent) for the life/health (L/H) and property/casualty (P/C) operating subsidiaries of Coralisle Group Ltd. (CG). The outlook of these ratings is stable. CG is a wholly owned intermediate holding company of Edmund Gibbons Limited, the ultimate parent company. All companies are domiciled in Bermuda, unless otherwise specified. (See below for a detailed listing of these companies).

 

The ratings reflect CG’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

 

On a consolidated basis, CG continues to demonstrate the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), supported by ample liquidity and fungibility of resources across the organization. Financial leverage was moderate in 2022, after the acquisition of CG United in May of 2022, which was partially financed with debt. This debt was fully repaid in 2023. Reinsurance capacity was severely constrained going into 2023, which drove an increase in retentions on proportional treaties. To secure appropriate excess of loss limits given the additional retentions, higher excess of loss deductibles were accepted.

 

These, combined with much higher property exposure after the CG United acquisition, materially increased reinsurance dependence. However, AM Best believes the program remains supportive of the overall balance sheet assessment.

 

CG’s year-end 2022 results were materially impacted by adverse investment results that more than offset otherwise favorable operating results. Despite the adverse net results in 2022, CG has reported consistent favorable operating and net results over the last five years driven by health and P/C lines. Reported premium growth has been strong over the last five years, and especially strong in 2022, as CG closed on its acquisition of CG United in May and included associated premiums for seven months. Growth in 2023 is expected to be strong with full year CG United results as large rate increases are realized throughout the property portfolio. Potential for volatility in earnings remains high due to catastrophe exposure and the risk of significant health reform in Bermuda.

 

The ratings of CG United reflect its increased strategic importance to CG and its substantially complete integration with the legacy business. This integration includes the rebranding of CG United in 2022, combined with reinsurance purchasing, the licensing of CG United entities to sell CG health products and cost synergies related to consolidation of core systems and processes.

 

The FSR of A (Excellent) and the Long-Term ICRs of “a” (Excellent) have been affirmed with stable outlooks, for the following subsidiaries of Coralisle Group Ltd.:

  • Coralisle Insurance (BVI) Ltd. (British Virgin Islands)
  • British Caymanian Insurance Company Limited (Cayman Islands)
  • Coralisle Insurance Company Ltd.
  • Coralisle Life Assurance Company Ltd.
  • Coralisle Medical Insurance Company Ltd.
  • CG Atlantic Medical & Life Insurance Ltd. (Bahamas)
  • CG Atlantic General Insurance Ltd. (Bahamas)

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

John McGlynn
Senior Financial Analyst
+1 908 882 2106
john.mcglynn@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Bridget Maehr
Director
+1 908 882 2080
bridget.maehr@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com