Core Viewpoint - The launch of the fantasy martial arts drama "Legend of the Immortal Realm" marks a significant cultural and tourism initiative in Zhangjiajie, integrating local resources and promoting the region's unique landscape and heritage [1][5][11]. Group 1: Production and Collaboration - "Legend of the Immortal Realm" consists of 24 episodes and is produced by Shenzhen Dashi International Cultural Industry Group, with sponsorship from Shaanxi Xifeng Liquor [3][11]. - The production team includes notable figures such as Yang Buting, former deputy director of the National Film Bureau, and renowned action director Ma Zhongxuan [3][9]. - The project has received strong support from various government and cultural tourism sectors, highlighting its significance to local development [4][10]. Group 2: Cultural and Tourism Integration - The drama aims to showcase Zhangjiajie's stunning landscapes, including Wulingyuan's peaks and Tianmen Mountain's cloud sea, enhancing the region's appeal as a tourist destination [6][10]. - The integration of local products like "Yongding Mei Tea" and "Sangzhi White Tea" into the narrative exemplifies the deep connection between film, tourism, and agriculture [8][10]. - The project is positioned as a bridge between film art and tourism economy, aiming to elevate Zhangjiajie's international profile [6][11]. Group 3: Artistic and Market Potential - The series is designed to resonate with audiences through its themes of emotional growth and destiny, reflecting cultural values of belief, courage, and personal development [7][11]. - The project has been recognized by the National Radio and Television Administration, indicating its thematic depth and production quality [8]. - The collaboration with Xifeng Liquor adds a unique cultural dimension to the series, enhancing its narrative richness [11].

特效师的工作，是从一根一根抠头发丝开始的。至少，一位刚出职校的男孩就是这样的。 导演想要"头发随风飘扬"的效果，因此发丝边缘要精细。一段5秒的电影镜头，有100多帧画面，他需要把每一帧画面中的每根发丝抠出来，再放进另一个 图层。 于是，他被夹在两个27寸屏幕间，守着一块数位板，手上时快时慢，抠啊抠。 这种最基础的特效工作，也要几个人抠上一两个礼拜，有时是头发丝，有时也可能是马尾巴毛。 跨入这个行业的不少特效师都有过酷炫的电影梦，虽然很多时候，他们接到的项目可能是——给塌房明星出演的剧集换脸，把片场误入的错误道具和主角 脸上的黑眼圈涂抹掉，以及重复无数次的爆炸、斗法、发气波。 上一次让这群人被看到，还是因为《哪吒之魔童闹海》，其最新票房仍在冲击全球第4，据传《哪吒3》也有望在5年后上映，但电影的大爆没有让参与其 中的特效师们分到一分钱的奖金。作为外包的乙方、丙方，他们唯一欣慰的可能是，终于能如期结账了——在影视寒冬，拖欠尾款是家常便饭。伟大或扑 街的电影，那只是电脑里的一串项目代号，大部分特效师拿着数千元的定薪，却要接受无止尽的加班熬夜与单休。 "但每个特效师都毫不犹豫地答应加班。"一位视效公司的制片人说。原因 ...

狮门影业的主席曾表示，由于以往的糟糕成绩，影视行业普遍认为电子游戏难以被改编成票房口碑双丰收的作 品。例如，发行至今已超过 20 年的经典游戏《魔兽世界》，其 2016 年的改编电影在北美遭遇票房惨败，最终 亏损约 1500 万美元。福布斯杂志的统计显示，热门单机游戏《生化危机》虽催生了 7 部真人电影，但在影评 网站烂番茄上的评分普遍低迷，按满分 10 分计算，最高的一部仅获得 3.7 分。 不过，经济学人指出，尽管基于游戏 IP 的影视项目曾遭遇一连串失败，导致许多制片厂对电子游戏敬而远 之，但近两年情况发生了转变。《超级马里奥兄弟大电影》在 2023 年以近 14 亿美元的票房，超越《蜘蛛侠》 和《银河护卫队》，成为当年票房亚军。同时，《英雄联盟：双城之战》《辐射》《赛博朋克：边缘行者》等 游戏改编电视剧，也相继登上 Netflix 等各大流媒体平台的收视榜首。好莱坞正在重新青睐电子游戏。那么， 游戏内容的影视化项目为何能再次赢得好莱坞的关注呢？ ▲ 《超级马里奥兄弟大电影》海报 | 图源：任天堂 根据金融时报报道，尽管漫威超级英雄电影曾在 2010 年前后主导全球电影票房，但从 2020 年开始，系列 ...

Core Viewpoint - The fourth season of "Love, Death & Robots" has been met with mixed reactions, with a noticeable shift towards nostalgia and a lack of innovation compared to previous seasons [7][8][145]. Summary by Sections Season Overview - The fourth season has been described as a return to familiar themes, with a focus on nostalgia rather than groundbreaking storytelling [7][8][145]. - The season features a variety of episodes that explore different genres and themes, but many viewers feel it lacks the creativity of earlier seasons [145]. Episode Highlights - **Episode 1: CAN'T STOP** - Directed by David Fincher, this episode features a live performance by the Red Hot Chili Peppers, focusing solely on one song [11][13]. - **Episode 2: Close Encounters with Miniature Objects** - A sequel to a previous episode, it involves aliens and a humorous take on human interactions with them [19][20][25]. - **Episode 3: Spider Rose** - This episode combines elements of cuteness and a revenge narrative set in an alien world [32][36][46]. - **Episode 4: The Boy from 400 Block** - A darker narrative that touches on themes of war and oppression, using a stark color palette to enhance its impact [52][54][66]. - **Episode 5: Another Giant** - A humorous take on the relationship between pets and technology, highlighting the potential dangers of smart devices [77][80][86]. - **Episode 6: Each Each Other** - A live-action segment that explores cultural exchanges between humans and aliens, but is criticized for its lack of engagement [86][88][90]. - **Episode 7: The Roar of the Tyrannosaurus** - Features a Chinese protagonist in a unique setting, showcasing cultural representation [100][106][110]. - **Episode 8: Chik's Faith** - Set during WWII, this episode combines themes of faith and conflict, presenting a narrative that critiques religious and military actions [111][115][122]. - **Episode 9: Smart Appliances, Dumb Owners** - A satirical look at modern life through the lens of smart appliances, critiquing the dependency on technology [127][130][132]. - **Episode 10: The Stalker** - Continues the trend of exploring the relationship between humans and their pets, with a humorous twist [134][135][140]. Overall Themes - The season reflects a blend of nostalgia, humor, and social commentary, but many critics argue that it lacks the imaginative depth that characterized earlier seasons [145][156]. - The overarching sentiment is that the series is experiencing a decline in creativity, with a noticeable shift towards safer, more familiar narratives [145][156].

Core Insights - The film industry in 2024 faces multiple challenges, with total box office revenue in China dropping to 42.502 billion yuan, a year-on-year decrease of 22.7%, and total audience numbers falling to 1.01 billion, down 23.1% [1][8] - There is a notable disparity in executive compensation among film companies, with 10 out of 16 listed companies reporting a decline in total executive pay, while 11 companies saw an increase in average executive compensation [1][3] - Wanda Film stands out with a reported loss of 940 million yuan in 2024, yet its chairman, Chen Xi, received a salary of 10.1725 million yuan, the highest among executives in the sector [1][6][7] Industry Overview - The overall film industry is experiencing a downturn, with significant declines in box office performance and audience engagement [1][8] - The average executive compensation in Wanda Film is the highest at 2.0563 million yuan, followed by Mango Super Media and others [1][8] Executive Compensation Analysis - Wanda Film's total executive compensation reached 34.9575 million yuan in 2024, a 53.9% increase from 22.717 million yuan in 2023 [3][6] - Despite the overall decline in executive pay across the industry, the average compensation for executives in many companies has increased, indicating a potential concentration of higher salaries among fewer individuals [8][9] - Notably, only three executives in the industry received over 4 million yuan, with the majority earning between 1 million and 3 million yuan [9][12] Company-Specific Insights - Wanda Film's revenue for 2024 was approximately 12.362 billion yuan, a decrease of 15.44% year-on-year, with a significant drop in box office revenue from its cinemas [7][8] - Other companies like Mango Super Media and Huayi Brothers also reported declines in executive compensation, with Mango Super Media's total executive pay falling by 27.9% [6][12] - The film industry is witnessing a trend where high-level executives are receiving substantial pay despite overall company losses, highlighting a growing divide in compensation structures [8][9]

Core Viewpoint - The recent controversy surrounding the drama "Lan Xiang Ru Gu" involves the renaming of main characters, which has drawn criticism from the original author He Yan Shan, highlighting the tension between original works and their adaptations [3][4]. Group 1: Character Renaming Issues - The drama "Lan Xiang Ru Gu" officially started filming on May 7, revealing the names of the main characters, with the female lead Chen Xiang Lan renamed to Xu Lan Xiang and the male lead Lin Jin Lou changed to Lin Jin Qi [3]. - He Yan Shan expressed the significance of the original names in two Weibo posts, explaining that Chen Xiang Lan symbolizes a character who has experienced much and settled down, while Lin Jin Lou's name suggests a connection to the female lead, indicating a deeper narrative meaning [3]. Group 2: Industry Practices and Reactions - The alteration of character names during the adaptation process is common, driven by factors such as censorship, historical sensitivities, and the need to enhance the drama's appeal and commercial viability [4]. - Public opinion is divided on the original author's comments, with some arguing that the rights to modify characters typically belong to the production company after the copyright sale, while others believe the author's insights add depth to the discussion [4]. Group 3: Production Details - "Lan Xiang Ru Gu" stars Tan Song Yun and Liu Xue Yi, with a script co-written by Tong Hua and Xiao Lou, and directed by Huang Ying Xiang and Chen Dan [4]. - The production is a collaboration between Tencent Video and Xing Lian Film and Television, and it is adapted from He Yan Shan's web novel "Lan Xiang Yuan" [4].

Core Points - The article discusses a significant crackdown on illegal distribution of pirated films during the 2025 Spring Festival, highlighting the efforts of law enforcement in Zhejiang province to combat copyright infringement [1][9] - The operation led to the arrest of multiple suspects and the dismantling of numerous illegal websites involved in the piracy of popular films [1][6] Group 1: Law Enforcement Actions - The East Yang Police Department successfully apprehended 7 suspects related to the illegal distribution of films, with a total of over 250 million yuan involved in the case [1] - A collaborative effort among police departments across various provinces resulted in the arrest of 28 suspects and the destruction of over 300 illegal websites and apps [1][9] - The police utilized a multi-faceted approach, including tracing the source of pirated films back to cinemas and targeting the actual operators of illegal websites [4][8] Group 2: Impact on the Film Industry - The film "Nezha: Birth of the Demon Child" was notably affected, with piracy occurring just a day after its release, leading to over 261,000 identified pirated links [2] - The rapid spread of pirated content poses significant challenges for copyright holders, as the time lag in takedown processes allows for widespread distribution [10][11] - The article emphasizes the need for improved management of cinema environments to prevent initial piracy at the source [10] Group 3: Future Strategies - The police plan to enhance online monitoring and regulatory measures to improve detection and prevention of piracy [11] - There is a focus on addressing the low cost of infringement versus the high cost of enforcement, which complicates the fight against piracy [11] - The collaboration with various departments aims to tackle not only film piracy but also associated illegal activities such as gambling and fraud [11]

证券代码：300027 证券简称：华谊兄弟 华谊兄弟传媒股份有限公司 投资者关系活动记录表 编号：2025-001 | | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | 投资者关系活动类别 | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☐其他（请文字说明其他活动内容） | | 参与单位名称及人员 | 线上参与公司2024年年度报告网上说明会的投资者 | | 姓名 | | | 时间 | 2025年5月13日 15:30-17:30 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | 上市公司接待人员姓名 | 副董事长、总经理王忠磊先生 | | | 财务负责人王添嫄女士 | | | 董事、副总经理、董事会秘书高辉先生 | | | 独立董事高海江先生 1.作为一个老股民，老股东我没有记错的话，公司从 | | | 2018年开始到现在，已经亏损有七八年了，我想问一下现 | | | 在的王总当下计划怎么突围，怎么持续改善盈利水平？ | | 投资者关系活动主要 | 行业一直都有机会！！！年年都有爆款 ...

2025 年 05 月 12 日 晨会纪要 研究所： 证券分析师： 余春生 S0350513090001 yucs@ghzq.com.cn [Table_Title] 晨会纪要 ——2025 年第 77 期 最新报告摘要 煤企成本下降难补煤价跌，煤企业绩进一步向合理区间回归--行业专题研究 三大业务平台持续发力，业绩有望迎来拐点--天娱数科/广告营销(002354/217205) 公司动态研究 关注内容上线节奏及表现，"AI+影视"战略稳步推进--博纳影业/影视院线(001330/217206) 公司动态研究 2025Q1 货币政策执行报告点评：呵护银行体系，国有资产升值空间--事件点评 华为哈勃入股千寻智能，恒而达拟收购 SMS 高精度数控磨床业务--行业周报 136 号文首个配套文件落地，持续关注欧洲停电带来的储能需求--行业周报 重庆银行(601963.SH)深度报告：江城新风貌，多重利好共振--重庆银行/城商行Ⅱ(601963/214804) 公司 PPT 报告 以旧换新驱动景气度回升，乘用车业绩内部分化--行业专题研究 5G-A 网络信号迅速普及，SpaceX 获批每年多达 25 次星舰发射--行业 ...

Core Viewpoint - The integration of AI technology in the film and television industry is transforming the creative, production, distribution, and viewing experiences, enhancing production capabilities and efficiency while diversifying content and forms [1][2][4]. AI+ Film and Television Industry Overview - AI+ Film and Television refers to the use of artificial intelligence to assist or independently complete various stages of film and television production, including scriptwriting, visual effects optimization, and virtual scene generation [1][2]. - The penetration rate of AI in the film industry is currently around 4%, with the AI+ Film and Television market in China projected to reach approximately 26.5 billion yuan in 2024 [14]. AI Technology Development Status - The global generative AI market is expected to reach $14.6 billion in 2024, with a year-on-year growth of 115%, driven by advancements in large language models and visual generation technologies [16]. - The film industry is increasingly adopting AI tools, with over 60% of global film companies expected to integrate AI into their production processes by 2024 [18]. Current Applications of AI in Film Production - AI is being utilized across various stages of film production, including script generation, project evaluation, and visual effects [21][22]. - AI tools are being developed for specific applications, such as script analysis and scene generation, with notable examples including ChatGPT and DeepSeek [19][22]. Development Trends in AI+ Film and Television - The integration of AI in film production is evolving from simple functional applications to deep collaborative processes, aiming to create a full-stack AI film creation platform that encompasses script generation, scene pre-visualization, and intelligent editing [24][26]. - Future advancements will focus on building a data-driven ecosystem that connects various production stages, enhancing collaboration and efficiency in the filmmaking process [26].