The encyclopedia · Product & Design · Product decision · 2024
Hu Mei self-financed a Dream of Red Mansions film that grossed under 1% of its budget
Director Hu Mei spent close to 19 years and a reported RMB 200M adapting China's classic novel, and the film's five-day box office came in under RMB 5M.
Jinde Films · Bona Film Group · 2024-08-16
What happened
Director Hu Mei spent nearly two decades developing a feature adaptation of Dream of the Red Chamber, China's best-known classical novel, compressing the sprawling family saga into a roughly two-hour film with a cast of largely unknown leads. Jinde Films, in which Hu Mei herself holds the majority stake, financed the bulk of the production; Bona Film Group handled distribution. Chinese outlets estimated the budget at over RMB 200M.
The film opened into the crowded August 2024 slot and collapsed almost immediately: opening-day theater seat share was reported around 4.4%, falling to roughly 1% within five days. Cumulative box office at the five-day mark was reported at roughly RMB 4.2–4.5M against a budget an order of magnitude larger — one Chinese outlet's headline read 'cost RMB 37M+ [Singapore-dollar-equivalent], box office under RMB 5M.' Its Douban user score opened near 4.0 out of 10.
Hu Mei publicly blamed coordinated negative reviews and bot activity for the reception, closed comments on her social media, and retained a lawyer to pursue reviewers she characterized as defamatory — a response that drew further criticism rather than reversing the film's trajectory. Because Jinde Films' majority ownership traces back to Hu Mei personally, most of the direct financial loss fell on the director rather than outside investors.
Why it happened
- A film financed mostly by the director's own production company removed the market discipline that outside investors would normally apply to a nine-figure budget.
- Nearly two decades of development didn't include testing the two-hour compression of a sprawling classic novel, or the largely unknown cast, against audience expectations before release.
- Releasing into the competitive August slot put the film directly against better-marketed summer releases rather than a window suited to a slower-building prestige adaptation.
- Responding to poor reception by pursuing reviewers legally, instead of addressing the film's reception, extended the story past the box office collapse itself.
The lesson
Financing your own passion project removes the outside check that would have flagged the mismatch between a nine-figure budget and an unproven cast.
Aftermath
The film was widely covered in Chinese media as one of 2024's biggest box-office disasters relative to its budget. In April 2025 it won 'Most Disappointing Film' at China's 16th Golden Broom Awards, with Hu Mei named 'Most Disappointing Director' and lead actress Zhang Miaoyi 'Most Disappointing Actress.' Hu Mei's legal threats against critics remained a subject of ongoing discussion in Chinese entertainment press.
Sources
- 成本3700万票房90万 新版《红楼梦》电影误人子弟? — 联合早报
- 《红楼梦之金玉良缘》面临2亿巨亏,电影的惨败,22年前就已注定 — 搜狐
- 这个最'烫手'的奖,他们拿到了——《749局》《红楼梦之金玉良缘》'领跑'金扫帚奖 — 极目新闻
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