By the 1960s , Shaw Brothers had become the biggest producer of movies in Asia . Notable films produced by Shaw include director Li Han-hsiang 's '' The Magnificent Concubine '' , which took the Grand Prix at the 1962 Cannes Film Festival ; the 1963 blockbuster musical film '' The Love Eterne '' , also directed by Li Han-hsiang ; King Hu 's 1966 pioneering wuxia film '' Come Drink with Me '' ; and Chang Cheh 's 1967 '' The One-Armed Swordsman '' , which broke box office records . His companies in Shanghai , Singapore and Hong Kong made more than 1,000 movies , with annual production peaking at 50 pictures in 1974 when Shaw was described as the " Czar of Asian Movies " . The popular nostalgic costume dramas of Shaw Brothers celebrated traditional Chinese values and culture , which was in contrast to the then anti-traditional ideology of Communist mainland China ( particularly during the Cultural Revolution ) , but fit with the policy of the Nationalist government of Taiwan and US anti-Communist strategy , while not conflicting with the less provocative approach of the colonial government of Hong Kong . Shaw Studios also popularised the kung fu genre that had great influence on Eastern and Hollywood directors such as John Woo and Quentin Tarantino
1962 Cannes Film Festival
1962 Cannes Film Festival
Run Run Shaw