Taiwanese director Edward Yang showed a willingness to take risks in his short films, and in his first feature, That Day on the Beach, from 1983. Two years later, in 1985, he released Taipei Story, putting all his money into the project. It failed at the box office, while getting some recognition at international film festivals. Despite its less than spectacular showing, it marked the beginning of a new era in Taiwanese film. Up until then, movies in Taiwan were derivative of Hollywood commercial formulas. Yang fashioned a unique style of his own that created the conditions for a “new…