BUSAN 2025: Asia Gets Organised; Southeast Asia Stays Busy; Oscars Controversy

BIFF 2025 Closing Night: Award Winners & Juries
BIFF 2025 Closing Night: Award Winners & Juries

Busan International Film Festival (BIFF) wrapped last Friday, and we’re already nearly at the end of the next festival, China’s Pingyao International Film Festival, but I’ve finally had time to draw breath and share some thoughts from last week. I’ll follow up with Pingyao coverage in the next edition of Streamlined. 


Is Asia Starting To Get Organised? 

BIFF managed to put on an impressive show for its 30th edition with a long list of Asian stars and auteurs, European talent and Hollywood filmmakers (see wrap story I wrote for Deadline). It had a buzzy opening film, Park Chan-wook’s No Other Choice, which opened top of the Korean box office this past weekend, and two awards ceremonies – the Vision Awards, which recognised Indonesian actor Reza Rahadian’s directing debut On Your Lap, and the main Busan Awards, with winners including Zhang Lu's Gloaming In Luomu and Shu Qi's Girl.
 
The crisis in the Korean film industry was a big topic of conversation during the festival and its accompanying industry platform, Asian Contents & Film Market (ACFM), with many attendees talking about the ongoing decline in box office and investment. Just recently, there have been a few reasons to feel hopeful, with the Korean government pledging more support, and Korean filmmakers increasing their presence at this year’s autumn film festivals.
 
But there’s also a growing realisation that it will take a coordinated response from both industry and government policy to plot the Korean film industry’s future direction in what just might be a post-theatrical landscape. I spoke to ACFM director Ellen Y.D. Kim before the market, and published her thoughts more or less verbatim, because there was very little I could add to what she had to say. If you haven’t seen this interview already, it’s an illuminating read.
 
ACFM was also bustling, drawing a record number of 30,000 visitors, and hosting several new initiatives including tech-related InnoAsia, The A Summit and documentary market Doc Square. Although there’s been a shift away from traditional sales booths to national pavilions, locations, IP and tech-related companies – same as at most other markets – the trade show floor was busy and seminars packed. A few sales deals were announced, but there’s also growing acceptance that this is no longer the kind of news that drives film markets.
 
What struck me about both BIFF and ACFM is the fact that, despite the current travails of its local industry, South Korea still manages to play a role as a regional leader. BIFF and ACFM have long supported cinema across the region through programmes such as Asian Film Academy, Asian Cinema Fund and Asian Project Market. But ACFM appears to be stepping up its involvement in exploring responses to the current threats and opportunities, not just in Korea but across the rest of Asia as well.
 
And as Streamlined noted at the end of last year’s BIFF – there certainly needs to be a coordinated response to rapid changes such as the emergence of streaming, continuing inflation, cost-of-living crisis, challenges and opportunities posed by AI, monopoly and media concentration. Europe is tackling all these changes despite facing a political swing to the right in many European Union (EU) member states, not to mention two major wars that are impacting all cultural discourse. But Asia has always lacked the regional political or economic organisations to do the same.
 
ACFM held two conferences as part of ‘The A Summit’ to look at how Asia can upgrade its data collection resources, and also how film and TV markets (as in the physical events) across the region can cooperate. I moderated the second session with speakers from ACFM, Japan’s TIFFCOM, Hong Kong Filmart, Taiwan Creative Content Fest, Indonesia’s JAFF Market and Red Sea Souk (all headed by strong, capable women). The impression I got is that there’s a will among these events to work together, but they all have different structures and relationships in terms of support from their local governments, which might make collaboration difficult. However, information and experience sharing could be a more realistic starting point.
 
Asian Film Alliance Network (AFAN) is also attempting to bring together national film bodies from across the region to explore partnerships, policy and information exchange. Again, Korea is playing a pivotal role in the organisation, which was initiated two years ago by the Korean Film Council (KOFIC) and now has members in the Philippines, Taiwan, Singapore, Malaysia, Thailand, Indonesia and Mongolia. Last year, AFAN also partnered with the European Film Agency Directors Association (EFAD) to build collaboration between Asia and Europe.
 
Obviously these activities are on a much smaller level than the funding and support organisations of the EU, but they are crucial first steps. And they are taking place just as Europe is facing a major overhaul of its funding systems through the new AgoraEU programme, which is replacing Creative Europe, prompting major concern among Europe’s film and TV industries. While Streamlined focuses on content industries outside the US and Europe, both hold interesting lessons for other regions, and an upcoming newsletter will include an easy to digest explainer (once I’ve managed to digest it myself) about what is currently happening in Europe and why.

Shu Qi holds aloft the Busan Best Director Award
Shu Qi holds aloft the Busan Best Director Award

Southeast Asia's Film Industries Continue To Grow

With the Korean industry currently quiet, and Hong Kong, Chinese and Japanese companies tending to focus on markets in their own territories (Filmart and the upcoming TIFFCOM), Southeast Asian companies seemed to be making the biggest noise at BIFF and ACFM. Most of the production news was coming from Southeast Asia (see links round-up below) and national pavilions from Thailand, Philippines, Indonesia and Taiwan (yes we know, not strictly speaking Southeast Asia) were all busy with meetings and events.

Vietnam does not have a national government film agency but had a large presence in the market through the Vietnam Film Development Association and a growing number of Vietnamese international sales companies that had booked separate company booths. For a relatively small industry, Vietnam now has a lot of sales agents with veterans BHD and Skyline Media recently joined by Mockingbird Pictures and V Pictures (the latter launched by CJ CGV Vietnam).

In addition, CJ ENM’s Vietnam joint venture, CJ HK Entertainment, is selling a separate pipeline of titles through the international sales team of CJ ENM. Korea’s Lotte Entertainment, which also has production, distribution and exhibition operations in Vietnam, has also started picking up Vietnamese films for international sales, including Le-Van Kiet’s Busan selection Bride Of The Covenant, which played in BIFF’s Midnight Passion strand.

Vietnam is a booming market, the only one in Asia to surpass pre-pandemic box office figures, driven by a young population and growth in the number of new cinemas. Local productions are on course to achieve a 70% market share this year, with state-backed feature Red Rain (Mua Do) recently becoming the highest-grossing Vietnamese film of all time. Some of these films are also making an impression with diaspora audiences. However, the intense competition between multiple players to sell their international rights, in what is still a relatively small industry, might not be sustainable in the long term. Streamlined is currently updating last year’s Streamlined Guide to Vietnam and will share more on this fascinating market soon.

Bride Of The Covenant
Bride Of The Covenant

Oscars Selection Process Under The Spotlight

And finally, it’s that time of year again when the submissions for the Best International Feature category of the Academy Awards prompt gasps of delight, howls of anguish and lots of SMH in the comments sections.
 
It’s no secret that the selection committees in many countries are either unduly influenced by repressive governments; staffed by retirees out of touch with their local industries; or perhaps just regular industry folk who are not in step with the voting preferences of Academy members. But BIFF’s Asian Filmmaker of the Year, Iranian director Jafar Panahi, launched straight into the issue at the start of the festival, calling on the Academy to break the ties between the selection process and national governments and for independent filmmakers to find alternative ways to submit their films.
 
Panahi’s Cannes Palme d’Or winner, It Was Just An Accident, was recently submitted as France’s entry to the Best International Feature category, qualifying because it’s a French co-production, while Iran put forward a more regime friendly film (more on this in my Deadline report). Streamlined hears there may have been a few grumbles among the other French contenders, although of course nobody wants to go on record criticising films that are sidestepping repressive regimes. Last week, a controversy also erupted over Nepal’s submission, Milan Chams’ sports biopic Anjila, with a group of local filmmakers filing a complaint over irregularities in the selection process, and Chams counter claiming that rivals were offering up to $100,000 to get his film withdrawn.
 
While all this makes for fun headlines in the international trades, it’s a situation that does need to be addressed by the Academy. The current system of one film per country, selected by national committees, and yielding around 90 submissions vying for five nomination slots, does not always result in the best international films getting a shot at winning an Oscar. The Academy has made some tweaks, introducing a shortlist of 15 films ahead of the final five, but until the system is comprehensively overhauled, this will continue to be one of the major failings of international representation at the Oscars.

Jafar Panahi BIFF Asian Filmmaker of the Year press conference
Jafar Panahi at the BIFF 'Asian Filmmaker of the Year' press conference

IN THE TRADES:

PRODUCTION NEWS: 

Hirokazu Kore-eda Starts Shooting ‘Sheep In The Box’ With Gaga, Goodfellas Handling Sales

Jia Zhangke Talks Pingyao Festival Growth; Expanding China Distribution Slate & Upcoming Road Movie

Busan: CJ HK Entertainment Teams With Vietnamese Horror Masters ProductionQ On ‘The Demon Prince’
 
Andrea Brillantes To Star In Rein Entertainment’s ‘Laya’; Sigrid Andrea P. Bernardo To Direct – ACFM
 
Philippines’ Regal Entertainment Reboots Iconic ‘Shake, Rattle & Roll’ Franchise With Three Generations Of Stars – ACFM
 
Filipino Punk Drama ‘Ria’ From Arvin Belarmino Enters Production
 
Thai director of ‘The Medium’ readies horror ‘Tani’ with Korea’s Lewis Taewan Kim
 
Thailand Horror Studio Fearfolks Unveils Inaugural Slate at Busan Market
 
Indonesia’s Matta Cinema Unveils Six-Film Slate at Busan Market
 
Cambodia’s Anti-Archive Unveils Slate of Local and International Co-Productions at Busan Market
 
Tsai Ming-liang to Shoot and Premiere Next ‘Walker’ Film at Ji.hlava Film Festival
 
The Ink Factory Partners With Korea’s VO Media On Adaptation Of John Le Carre’s ‘A Most Wanted Man’
 
Lee Sang-hoon readies ‘Bluefish’ shoot in Busan as cast revealed
 
‘Tumbbad 2,’ Sequel to Venice Horror Hit, Finds Backing From India’s Pen Studios
 
Bangladesh Filmmaker Abu Shahed Emon’s Busan Fund Winner ‘A Foolish Man’ Moves Forward With Taiwan Co-Production Deal

CORPORATE: 

Saudi Arabia’s State Investment Fund PIF Takes 54% In MBC Group

Hong Kong-Based IP Management Company Medialink Group Expands Into Japan With New Subsidiary Launch

Serendipity Films launches Macao venture and new films from Amir Naderi, Anshul Chauhan

CANCELLED:

Neon Blasts Chinese Distributor’s “Unauthorized Edit” Of Gay Couple Scene In ‘Together’; Pic Pulled From Country’s Theaters

Israeli Culture Minister Miki Zohar Says Pulling Funding For Ophir Awards After Palestinian Drama Wins Top Prize

CURATED: 

Zhang Lu’s ‘Gloaming In Luomu’ Wins Best Film In Busan; Shu Qi Wins Best Director For ‘Girl’

Indonesian Actor Reza Rahadian’s Directing Debut ‘On Your Lap’ Wins Big At Busan Vision Awards

‘My Father’s Shadow’, ‘Lost Land’ & ‘The President’s Cake’ Among Pingyao Film Festival’s Crouching Tigers Entries

Hawai’i International Film Festival To Open With ‘Rental Family’; Sets ‘No Other Choice’ As Centerpiece Film

RELEASED: 

Park Chan-wook’s Critically Acclaimed Comedy Thriller ‘No Other Choice’ Opens in First Place at Korea’s Box Office 

‘Demon Slayer: Infinity Castle’ crosses $100m at North American box office

Warner Bros’ Feature Slate To Be Released Theatrically In Japan By Toho-Towa Group Beginning 2026

Sustainable Model for Independent Theatrical Cinema in India Launched by First Ray Films, Max Marketing

Pakistani Horror Hit ‘Deemak’ Sets Global Expansion After Record-Breaking Local Run

SOLD: 

Bi Gan’s ‘Resurrection’ sold to more key territories ahead of Busan bow

Locarno-winner ‘Two Seasons, Two Strangers’ sold to US, Asia, Europe

Venice Award Winner ‘Silent Friend,’ Starring Tony Leung, Sells to Key Territories

Altitude acquires Kaouther Ben Hania’s ‘The Voice Of Hind Rajab’ for UK-Ireland cinema release

Front Row Takes MENA Rights For Egyptian Drama ‘The Tale Of Daye’s Family’

Indonesian Horror Films ‘Pabrik Gula’ and ‘Perewangan’ Acquired by Shudder From EST N8

Thai horror ‘Death Whisperer 3’ sets franchise record for sales