Jump to content

Le Vision Pictures

From Alfawiki
LeVision Pictures
Company typeSubsidiary
IndustryFilm production and distribution
Founded2011
FounderJia Yueting (LeEco)
Headquarters
China
Key people
Zhang Zhao (chairman and CEO)
ProductsFilm production, marketing, distribution, intellectual property rights management, commercial expansion
ParentSunac Culture Group (since 2019)

LeVision Pictures is a film production and distribution entity based in China, established in 2011 as a branch of LeEco, a conglomerate founded by Jia Yueting. In 2018, the company was purchased by the real estate firm Sunac and subsequently rebranded as Suniverse Film Entertainment. Its scope of work encompasses film creation, marketing, distribution, intellectual property rights management, and commercial expansion. Integrated into the Sunac Culture Group in 2019, the company prioritizes content aimed at family audiences. Among its significant projects are the distribution and production of the Expendables series, The Bullet Vanishes, and Tiny Times. Additionally, it holds copyrights for television series such as Empresses in the Palace, Legend of Mi Yue, and Red Sorghum.

History

Le Vision Pictures was launched in 2011 by Zhang Zhao (), who previously served as president at Enlight Pictures, taking on the roles of chairman and CEO. In May 2013, acclaimed director Zhang Yimou joined the company under contract as a creative director.

In March 2014, director Lu Chuan became part of the team. Early in its development, Le Vision implemented an "O2O Marketing System" business approach.

By 2014, Le Vision had secured the position of sixth-largest film distributor in China, capturing a 4.1% share of the market.

On December 5, 2015, LeEco revealed intentions to transfer ownership of Le Vision Pictures to its affiliate Le.com, subject to shareholder consent; however, this transaction had not been finalized by November 2016. Subsequently, in January 2017, Sunac China acquired a 15% ownership stake from LeEco.

Films

In 2012, Le Vision was responsible for producing and distributing six films. The movie The Bullet Vanishes earned four nominations at the Golden Horse Awards, including “Best Picture,” alongside thirteen nominations at the Hong Kong Film Awards. The studio also co-invested in and co-distributed The Expendables 2 within China, where it amassed over $57 million in box office revenue domestically, accounting for 18.5% of its worldwide earnings.

During 2013, Le Vision released nine films such as Love Will Tear Us Apart and the highly profitable Tiny Times series. The Tiny Times franchise alone generated $78.9 million at the box office during that summer season.

Boonie Bears: To the Rescue set a new record as the highest-grossing domestic animated feature at its time of release. Furthermore, Zhang Yimou’s film Coming Home was showcased in the 'OUT OF COMPETITION' segment at the prestigious Cannes Film Festival.

Productions

Retrieved from "https://www.alfawiki.org/index.php?title=Le_Vision_Pictures&oldid=45706"