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, merchandising business，talent management business as well as investment.
Since its establishment, Perfect World Pictures always has a profound understanding of the development of cultural industry and puts a high value on the talents, which make it become one of the most important platform for the incubation and development of Chinese film and TV directors. More and more veteran producers, national directors and new generation directors have the cooperation with PWPIC. The famous director, producer, scriptwriter Zhao Baogang, Teng Huatao, Liu Jiang, Guo Jingyu, Hejing, Wu Yujiang, Liang Zhenhua establish a long-term strategic partnership with PWPIC.
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. The company achieved this by signing up top TV drama directors and producers under exclusive deals, and expanded production capacity by establishing 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 to its 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 brought 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-financing deal with Universal Studios, which represents the first time a Chinese company directly invests in a multi-year slate deal with a major U.S studio. This deal gradually paid back and reached a brand new height by capturing 5 Oscar Awards (incl. a major award Best Actor from Darkest Hours) since2018. Besides the co-financing deals, the company pushed its global expansion into a new level by establishing a joint venture company Perfect Village with the well-accomplished global film studio Village Roadshow Pictures. Perfect Village produced the movie Shadow, directed by Zhang Yimou, in 2018. Shadow brought a new visual feast of oriental aesthetics to audiences at home and abroad, and made an important exploration for the creation and transmission of Chinese cultural symbols.
Love is Not Blind,Beijing Youth,To Ellerly With Love, presented by PWPIC, were bestowed on Brazil and Argentina as the official gifts when our President visited Latin America. Furthermore, many TV series presented by PWPIC have been exported to some Southeast and African countries, and are widely received by the local people.
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).In July 2016, Perfect World Pictures 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 officially returning to the Chinese A-share market after completing the restructuring with its listed film and game businesses.
In the future, PWPIC will base on high-quality works strategy, continuously increase the brand influence with the vigorous development of Chinese cultural industry. Meanwhile, by making best use of capitals and technology, PWPIC will develop new forms of cultural operations, expand the scale of cultural industry, increase the intensivism and professional standards to make PWPIC become a global entertainment company with a high influence.
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