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<  Yao off the court; Yao's personality  ~  RUMORS: Yao Ming Eying Film Business ????

PostPosted: Wed Feb 01, 2012 11:28 pm
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am
It was pretty quiet for any news on Yao Ming in the past 2 weeks due to the China Lunar New Year holidays.

But the HOTTEST NEWS/RUMORS BUZZING in China's major newspapers and sports websites in the past 3 days had been:

Yao Ming is contemplating to enter into the film industry !!! :shock: :shock: :shock:

EVERYTHING
started from a short extract from a report in TheWrap.com, a showbiz news website, on the cold reception in US of internationally renowned Chinese director Zhang Yimou's "Flowers of War," the most expensive movie in Chinese history.


Quote:

http://www.thewrap.com/movies/article/d ... cold-34515

Jay Cohen, who is putting together a film finance fund with basketball star Yao Ming points out that the Chinese market is different than Hollywood, where the focus is firmly fixed on the bottom line.

"They make movies for specific reasons," Cohen, head of independent film for Gersh, told TheWrap. "Sometimes, it's to introduce the culture of China to other markets, sometimes for cultural history. No one is going to lose money, but sometimes they do it for a sense of cultural pride."


It raised SUCH INTERESTS AND BUZZ that Erick Zhang of Team Yao had to stand out to clarify it for Big Yao to Xinhua News Agency and China Daily.

Erick Zhang said there were sich contacts/discussions going on with Jay Cohen, but no decision or actions had been taken yet.

But Erick Zhang also added that Big Yao and Team Yao are open to the filming business, and are looking for good investment opportunities.


SO HOLLYWOOD HERE WE COME FOR BIG YAO ????


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PostPosted: Wed Feb 01, 2012 11:34 pm
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am
The official statement from Erick Zhang Mingji of Team Yao to Xinhua News Agency as reported on China Daily.

Quote:

http://www.chinadaily.com.cn/sports/201 ... 513499.htm

Yao Ming eying
film business


2012-01-31
(Xinhua)


SHANGHAI - The retired Chinese basketball superstar Yao Ming has been looking for business opportunities in the film industry, but has not entered it yet, Yao's agent said Tuesday, responding to media's reports claiming that Yao will set up a film finance fund.

Foreign media report that Jay Cohen, an American film producer, is setting up a film finance fund with Yao Ming, which has caught the attention of China's media and public.

"Yao Ming and our team has not joined or set up any such organizations as the film finance fund," Yao's agent Zhang Mingji told Xinhua, adding that they are open to such kind of business, and are looking for good investment opportunities.


Zhang said, Jay Cohen is a friend of Yao and Yao's team and they have made some discussions on investing in the film industry, but no action has been taken yet.

He went on saying that Yao is currently busy with his study and works in the Shanghai Sharks, a Chinese basketball team, and he has no plan to go to the United States to negotiate investing in the film industry.


Yao, 31, announced his retirement on July 20 last year from the National Basketball Association's Houston Rockets, the US team who made him a global star, and from the Chinese national team five days later.

Since his retirement, Yao has been back to school studying for a university degree in business management and helping manage the Shanghai Sharks.

In November, he set up a company to sell his own brand of wine, and he sold the first bottle for 150,000 yuan ($23,766) at a charity auction.

Yao is China's first global sports superstar with a personal brand valued at more than $1 billion.


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PostPosted: Wed Feb 01, 2012 11:39 pm
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am
Another version of the same news on Shanghai Daily.

Quote:

http://www.shanghaidaily.com/article/?i ... e=Business

Yao Ming toys with idea
of entering film industry


By Ni Yinbin
2012-1-31


FORMER NBA player Yao Ming is considering extending his business into the film industry, his management team said today.

Although he has never invested in filmmaking, the billionaire is seeking commercial opportunities in the field, said Zhang Mingji, spokesman of Team Yao.


Previous reports said the Chinese basketball celebrity was in touch with Jay Cohen, an independent filmmaker in Hollywood and the two are planning to establish a film finance fund, according to TheWrap.com, a showbiz news website.


"It is still under discussion and we haven't made a decision yet," Zhang told reporters.

Cohen mentioned his cooperation with Yao Ming while being interviewed last week about his comment on Chinese film director Zhang Yimou's latest work, "The Flowers of War," said TheWrap.

Cohen said during his interview that the Chinese market is different from Hollywood, where the focus is firmly fixed on the bottom line. But he is optimistic about the business.

"They make movies for specific reasons," Cohen told TheWrap. "Sometimes, it is to introduce the culture of China to other markets, sometimes for cultural history. No one is going to lose money, but sometimes they do it for a sense of cultural pride."


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PostPosted: Thu Feb 02, 2012 4:31 am
Posts: 18058Joined: Thu Jul 03, 2003 1:31 pm
How is Yao Ming's music business doing?


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PostPosted: Thu Feb 02, 2012 8:08 am
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am
superjohn wrote:
How is Yao Ming's music business doing?


Doing pretty well, I supposed.

Last time I read about it 6 months ago, his company received additional US$ 20M funding from China Media Capital, was in process of acquisitions of several domestic online music sites (in order to obtain new technology or expand its user base) and targets a US IPO in due course.


[quote]

http://china-screen-news.com/2011/07/or ... an-us-ipo/

[size=109]20 July 2011

According to Sina Tech and WSJ, Beijing-based online music provider Orca Digital recently obtained approximately USD 20 mln in second-round funding led by China Media Capital (CMC), the state owned investment company focused on media assets in China.

[b]Orca Digital operates Top100.cn, a website that enables users in China to listen to and download music, including tracks from the world


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PostPosted: Thu Feb 02, 2012 3:58 pm
User avatarPosts: 1126Joined: Wed Nov 02, 2005 5:48 pm
no picks? r u slacking pry


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PostPosted: Fri Feb 03, 2012 2:32 pm
Posts: 38Location: txJoined: Thu Oct 14, 2004 2:10 pm
why is this forum still exist?

why are you folks still obssessed with yao? Do you really care about his music business?? Good lord...


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PostPosted: Fri Feb 03, 2012 2:37 pm
Posts: 10073Joined: Thu Apr 01, 2004 7:10 pm
AsianBalla23 wrote:
why is this forum still exist?

why are you folks still obssessed with yao? Do you really care about his music business?? Good lord...


and what are you? just back from a 2 year deployment in Iraq?

GRRRR AMERICAN SOCIETY I JUST CAN'T ADJUSTRAGE WHY INTERNETS WHY YAO MIN MANIA ARRRAGGAG


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PostPosted: Fri Feb 03, 2012 2:40 pm
Posts: 10073Joined: Thu Apr 01, 2004 7:10 pm
buzzku wrote:
no picks? r u slacking pry


what picks this makes no sense.

ur our 1 hope troll on topic

I do appreciate you trying to troll the Yi thread 2 days late about a conversation everyone was done with but at least:

1) it was about the topic in the headline of the thread

2) it was about basketball

3) it was about yi's game

is it just the weight of expectations?

is trolling on topic too hard? do we need to expect like a 50% or 25% completion rate? you troll on top once. fail to think of anything to troll on topic the other 3 times? rinse repeat


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PostPosted: Mon Feb 06, 2012 4:13 pm
User avatarPosts: 1126Joined: Wed Nov 02, 2005 5:48 pm
AsianBalla23 wrote:
why is this forum still exist?

why are you folks still obssessed with yao? Do you really care about his music business?? Good lord...

i expect pry to translate every sentence yao says in public
so far he hasnt met my expectations


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