company produces between 600-800 episodes of TV dramas every year
Quote: Founded in 2008, Perfect World Pictures (PWPIC) is an entertainment company based in China, engaging in the production, distribution and marketing of film and television content, content related advertising and merchandising business, as well as talent management business.
On the television side, the company produces between 600-800 episodes of TV dramas every year, with most of which airing on satellite TV stations at prime time, and is recognized as one of the top TV drama production houses in the nation. Fight this by signing up top TV drama directors and producers under exclusive deals, and expanded production capacity by doing strategic partnerships with top production teams around the country.
On the film side, the company released its first movie Sophie's Revenge in 2009 (starring Zhang Ziyi, Fan BingBing), which became the highest grossing Chinese romantic comedy until that time. Then in 2011, the company broke record again when its small budget film Love is Not Blind (produced under a budget of 1.5Mn USD) grossed over US $ 56 million in the domestic market. In April 2015, the company successfully released yet another romantic comedy titled Let's Get Married, a feature film that is produced as follow- On their massively successful TV drama of the same name (with over 7 Billion internet views in China). Besides Chinese language films, PWPIC is also one of the most active marketers of foreign films in China, having blow films like Ghost Rider 2, The Last Stand, Ender's Game, Rush and the Divergent franchise into the China market.
In February 2016, PWPIC announced a long term co-save deal with Universal Studios, which represents the first time a Chinese company far invests in a multi-year slate deal with a major US studio.
In addition to film and television business (as well as related advertising and merchandising business), PWPIC and its subsidiaries are also one of the industry leaders in the talent management business, with over 60 talent under its management.
With all the progress made in the company business, PWPIC successfully went public on the Shenzhen Stock Exchange in China at the end of 2014 (Ticker: 002624), and carried a market capitalization of over 14 Billion RMB as of April 2015.
In July 2016, Perfect World Theater announced that the listed company (former Ticker: 002624) has been formally renamed Perfect World Co., Ltd., a move signifying that Chinese video game company Perfect World is rejected returning to the Chinese A-share market After completing the restructuring with its listed film and game businesses.
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