TY - JOUR
T1 - A Chinese movie mogul and the transformation of his movie empire-the Loke Wan Tho family and the Cathay organisation in Southern China and Southeast Asia (1915-2000)
AU - Chung, Stephanie Po Yin
N1 - Funding Information:
*This paper is part of a CERG & FRG project. I record my gratitude to the support by the Research Grant Council of Hong Kong and the Hong Kong Baptist University.
Funding Information:
With decolonisation, a politically turbulent Malaysia was born in 1957. Riots, racial unrest and political instability marred the 1950s and 1960s. In this newborn Malaysia, anti-Chinese sentiment was intensifying. Many Malay politicians also tried to introduce government policies to contain Chinese business activities. Investing in the entertainment business in the region became extremely risky. Although MP & GI managed to churn out a number of high quality films to support Loke’s expanding circuit in Southeast Asia, high costs and low returns implied that Cathay always had deficits. The Singapore office struggled to keep up with the rapid expansion of its cinema chains in Southeast Asia, leaving little time to keep track of its productions in Hong Kong.27 Odell also observed that Loke “sunk his fortune. … As far as I know, it was quite disastrous. Twenty-five million Singapore dollars was lost. He made good films, but not good money”.28 Given the rapid pace of expansion, Cathay was financially stretched. Despite heavy deficits, Cathay maintained its image as a graceful movie empire. This image was supported by loans from Loke’s family group of companies.
PY - 2009/12
Y1 - 2009/12
N2 - The Cathay Organisation was a household name in the Chinese film industry. At its peak, it operated 75 cinemas and two movie studios, with a film distribution network spanning Malaysia, Burma, Thailand, Vietnam, Hong Kong, and Taiwan, as well as Europe and Latin America. In the public's mind, Cathay was synonymous with its charismatic founder, Loke Wan Tho (1915-1964). Well versed in literature and ornithology, Loke appeared as a British gentleman, always meticulously dressed and elegantly mannered in his dealings with political leaders and movie celebrities. But underneath its gracious surface, Cathay was constantly struggling to sustain itself against problems that arose due to its rapid expansion. Although Cathay often produced impressive movies with graceful stars, high production costs could not be supported by the box-office revenues. By tracing the transformation of Cathay, this article will examine the dynamics of a Chinese family business in its attempt to survive amidst political chaos in Southeast Asia. Surviving generational succession, corporate consolidation and waves of political crises, Cathay's story not only mirrors the transformation of an overseas Chinese family business over the past 100 years but also reflects a larger historical picture.
AB - The Cathay Organisation was a household name in the Chinese film industry. At its peak, it operated 75 cinemas and two movie studios, with a film distribution network spanning Malaysia, Burma, Thailand, Vietnam, Hong Kong, and Taiwan, as well as Europe and Latin America. In the public's mind, Cathay was synonymous with its charismatic founder, Loke Wan Tho (1915-1964). Well versed in literature and ornithology, Loke appeared as a British gentleman, always meticulously dressed and elegantly mannered in his dealings with political leaders and movie celebrities. But underneath its gracious surface, Cathay was constantly struggling to sustain itself against problems that arose due to its rapid expansion. Although Cathay often produced impressive movies with graceful stars, high production costs could not be supported by the box-office revenues. By tracing the transformation of Cathay, this article will examine the dynamics of a Chinese family business in its attempt to survive amidst political chaos in Southeast Asia. Surviving generational succession, corporate consolidation and waves of political crises, Cathay's story not only mirrors the transformation of an overseas Chinese family business over the past 100 years but also reflects a larger historical picture.
UR - http://www.scopus.com/inward/record.url?scp=73149112402&partnerID=8YFLogxK
U2 - 10.1007/s10308-009-0233-3
DO - 10.1007/s10308-009-0233-3
M3 - Journal article
AN - SCOPUS:73149112402
SN - 1610-2932
VL - 7
SP - 463
EP - 478
JO - Asia Europe Journal
JF - Asia Europe Journal
IS - 3-4
ER -