日系文娱项目在华“急刹车”，衍生品市场会有“断炊”风险吗

Core Viewpoint - Companies need to reduce short-term reliance on Japanese IP and accelerate the transition to domestic or original IP due to recent disruptions in the Japanese entertainment industry [1][6]. Group 1: Impact on Japanese Movies and Performances - Several Japanese films, including "Crayon Shin-chan: Hot Spring Dance," have announced delays in release, raising concerns about the ripple effects on cultural exchange projects between China and Japan [2]. - The film "Demon Slayer: Infinity Castle Chapter" is rumored to pause its release after the 20th, despite initial strong box office performance, earning 875 million RMB in its opening weekend [2]. - The Shanghai International Comedy Festival's "Yoshimoto Comedy Special" has been canceled due to force majeure, highlighting the impact on live performances as well [2]. Group 2: Broader Industry Implications - The entertainment industry, including IP licensing and derivative products, is experiencing significant volatility due to the reliance on Japanese IP [5]. - Companies like Blokku, which derive over 53% of their revenue from Japanese IP, are expected to face substantial challenges as the popularity of these IPs declines [6]. - Experts suggest that companies should pivot towards domestic or original IPs to mitigate risks, with examples of companies like Shifeng Culture shifting focus to local IPs [6]. Group 3: Current Industry Sentiment - Some derivative product companies report limited immediate impact, as their main IPs are not primarily Japanese, allowing for continued sales and activities [7]. - Industry analysts warn that reliance on Japanese IP poses significant risks, especially if licensing agreements expire without renewal, potentially crippling product lines [7]. - The gaming and concert sectors may also face repercussions, as many games and events incorporate Japanese IP, indicating a broader risk across the entertainment landscape [7].