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From screen to society: latest iQIYI-presented films champion realism in cinematic storytelling

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From screen to society: latest iQIYI-presented films champion realism in cinematic storytelling
Business

Business

From screen to society: latest iQIYI-presented films champion realism in cinematic storytelling

2025-04-03 11:19 Last Updated At:11:35

BEIJING, April 3, 2025 /PRNewswire/ -- iQIYI, China's leading online entertainment platform, announced the premieres of two reality-driven films – "Mumu" and "We Girls" – ahead of the Qingming Festival holiday period (also known as Tomb-Sweeping Day) in early April. Presented by iQIYI, the films delve into the often-overlooked lives of hearing-impaired families and marginalized women, offering a powerful testament to the company's commitment to realism in content creation while combining commercial appeal with compelling storytelling and artistic merit.

The premieres reflect a broader shift in Chinese cinema toward realism. According to an industry report, in 2023, more than half of the top 20 films drew from real-life themes, contributing 32% of the total annual Chinese box office. Recent successes from iQIYI, such as "Trending Topic," highlight the market's appetite for socially grounded stories, and underscore iQIYI's role in shaping this movement by developing films that not only reflect lived realities but also amplify voices that are often overlooked.

"Mumu" and "We Girls" bring realism to the big screen

Starring pop star and actor Yixing ZHANG, "Mumu" tells the story of a deaf father determined to build a better life for his daughter who unfortunately falls into a trap and becomes ensnared in a life of crime. The touching and heartfelt narrative is brought to life by authentic performances, including those of nearly 30 hearing-impaired actors. Directed by Mo SHA, the film is adapted from the tear-jerking short film of the same name, which earned him the best young director award on "Action!," an iQIYI original variety show designed to empower emerging filmmakers. Early screenings have earned a 9.7 score on China's top ticketing platform Taopiaopiao and generated more than RMB 10.8 million (USD 1.5 million) in pre-screening and pre-sales revenues as of March 30.

Directed by award-winning filmmaker Xiaogang FENG and starring Liying ZHAO, "We Girls" follows a mother who risks everything to purchase an expensive cochlear implant for her daughter and is subsequently sentenced to prison. There, she meets a group of other women who help each other reintegrate into society and start anew. With an all-female cast and themes of solidarity and survival, the film is already generating buzz, topping real-time watchlists on ticketing platforms like Maoyan and trending across Weibo, Baidu, and WeChat.

iQIYI's diverse film offerings and strategic industry initiatives

These premieres build on iQIYI's strong portfolio of realism-themed content, highlighted by the theatrical release of "Upstream," a blockbuster portraying the struggles of a laid-off middle-aged programmer who turns to food delivery work. iQIYI has also expanded its premium film offerings through strategic partnerships with filmmakers, delivering commercial hits like "Break Through the Darkness," "Hachiko," and "Wolf Hiding" – all of which grossed over RMB 100 million (USD 13.8 million) and earned prestigious honors, including the Golden Rooster and Hong Kong Film Awards.

Over the years, iQIYI has made sustained contributions to the film industry through content creation, talent cultivation, and innovative business models. iQIYI's Founder and CEO Yu GONG has previously shared the aspirations guiding the company's continued support for filmmakers, including increasing copyright investments to generate sustainable returns, expanding filmmaker collaborations to diversify content, and carefully balancing artistic expression with commercial viability.

This vision is exemplified by initiatives like Golden Screenwriters' Night, a pioneering event in China promoting young screenwriting talent and innovative content, and the Online Film Young Creators Project, which offers emerging filmmakers comprehensive support, including production funding, mentorship, and distribution assistance.

CONTACT: iQIYI Press, press@qiyi.com 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

From screen to society: latest iQIYI-presented films champion realism in cinematic storytelling

From screen to society: latest iQIYI-presented films champion realism in cinematic storytelling

From screen to society: latest iQIYI-presented films champion realism in cinematic storytelling

From screen to society: latest iQIYI-presented films champion realism in cinematic storytelling

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PRA Group Announces Leadership Succession Plan

2025-04-08 04:05 Last Updated At:04:25

Martin Sjolund appointed President and Chief Executive Officer, effective June 17, 2025

Vikram Atal to serve as senior advisor through December 31, 2025

NORFOLK, Va., April 8, 2025 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that its Board of Directors has appointed President of PRA Group Europe Martin Sjolund to serve as President and Chief Executive Officer (CEO), effective June 17, 2025. Sjolund succeeds current President and CEO Vikram Atal, who announced that he will retire and serve as a senior advisor through December 31, 2025. Sjolund will be appointed to the Board upon assuming the role of President and CEO, and Atal will retire from the Board at that time.

"On behalf of the Board, I want to thank Vik for his leadership of PRA Group during a pivotal time," said Executive Chair of the Board Steve Fredrickson. "Today's announcement is the culmination of the Board's ongoing succession planning process and commitment to enabling long-term, profitable growth."

"It has been a privilege to lead PRA Group through this transformative time in the company's history," said Atal. "Since March 2023, I have worked closely with Martin, and I am highly confident in his ability to further strengthen our global leadership position. His strong track record in our European business, extensive industry knowledge, thoughtful leadership and commitment to our culture and customers will build on our strengths and create meaningful value for our shareholders in the years to come."

"I am honored to have the opportunity to lead PRA Group as we enter our next phase of growth," said Sjolund. "As a team, we have already achieved record global portfolio purchases and double-digit cash growth, expanded our leadership team, improved operational processes and strengthened our capital structure. These actions have positioned us to continue driving the company forward while delivering value to our shareholders."

About Martin Sjolund
Sjolund has served as President of PRA Group Europe since 2018, providing leadership across 15 markets in Europe, Canada and Australia. During his tenure, Sjolund oversaw nearly $3 billion of successful portfolio investments across Europe, all while significantly improving the profitability of the European business. He led our expansion into two new markets, modernized the IT infrastructure and contact platforms, enhanced the data and analytics function and ultimately created one of Europe's most cost-efficient debt buying platforms.

Before being promoted to his current role, Sjolund served as Chief Operating Officer of Europe from 2015 until 2018. He was previously Director of Group Strategy and Corporate Development (Europe), a position he also held at Aktiv Kapital from 2011 until PRA Group acquired Aktiv Kapital in 2014.

Prior to joining Aktiv Kapital, Sjolund held leadership positions in global technology companies and was a management consultant with McKinsey & Company in Singapore and London. Sjolund holds an MBA from the University of Chicago and is a graduate of Georgetown University.

About PRA Group
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt. For more information, please visit www.pragroup.com.

News Media Contact:
Elizabeth Kersey
Senior Vice President, Communications and Public Policy
(757) 641-0558
Elizabeth.Kersey@PRAGroup.com

Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

PRA Group Announces Leadership Succession Plan

PRA Group Announces Leadership Succession Plan

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