Hong Kong multi-hyphenate Peter Chan Ho-sun is far too intellectual to call himself an “arms dealer,” as Sony Pictures has in casting itself as an unattached supplier to streaming platforms. But po…
is far too intellectual to call himself an “arms dealer,” as Sony Pictures has in casting itself as an unattached supplier to streaming platforms.
His benchmark examples include not only “Squid Game,” which was conceived locally in South Korea and became a world- wide phenomenon via Netflix, but also Apple TV+’s “Pachinko.” The Asia-set multilingual drama was not made specifically for Korean or Japanese viewers, but it was authentic enough to work for global audiences including those in both countries.
Then, with the rise and decade-long opening of the Chinese film industry from 2012 onward, Chan spent much of his time exploring the rocky path between the mainland Chinese and Hong Kong industries.“This new venture is something I started 20 years ago,” Chan jests. “I wanted to do this long before COVID, but the pandemic gave me time to think it through.”
“We can’t wait for the streamers to finance a show, judge it with their algorithms and test screen things,” says Chan, who is also keen to retain some skin in the game for his filmmakers. “The power of the streamers is huge, meaning that if you do things their way, the producer likely only gets cost plus 10%. Or, these days, cost plus eight.”
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