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Chan's 2005 film, the musical "Perhaps Love" closed the 2005 Venice Film Festival and was Hong Kong's entry for an Academy Awards nomination in the best foreign film category. Perhaps Love became one of the year's top-grossing films in China, Hong Kong and Taiwan, and received a record 29 awards. Chan next directed The Warlords (2007) and produced Derek Yee's Protégé (2007). The two films were the two highest grossing Hong Kong-China co-productions of 2007. The Warlords grossed a record RMB220 million in China and over US$40 million across Asia, and garnered 8 Hong Kong Film Awards and 3 Golden Horse Awards, including Best Director and Best Feature Film.