Sunday, February 1st-1.2°C
24624
23931

State-owned China Film invests in Hollywood movies for first time

HONG KONG - China's state-owned film distributor is making its first investment in Hollywood movies by taking a stake in two projects by production company Legendary Entertainment.

The two companies said on Tuesday that China Film would make an "eight-figure equity investment" in two upcoming films, "Seventh Son" and "Warcraft."

The exact amount was not specified.

"Seventh Son" is a fantasy adventure starring Jeff Bridges and Julianne Moore. "Warcraft" is based on a video game.

If approved for release in China, China Film would distribute the movies under current rules and regulations for foreign films, which are tightly controlled.

The projects are the first since Legendary and China Film teamed up last year.

Hollywood studies are keen to move into China, now the world's second biggest movie market.

The Canadian Press


Read more Business News

20760


Recent Trending




Today's Market
S&P TSX14673.48+37.521
S&P CDNX676.81+9.70
DJIA17164.95-251.90
Nasdaq4635.24-48.167
S&P 5001994.99-26.26
CDN Dollar0.7856-0.0067
Gold1286.60-5.10
Oil49.60+3.16
Lumber322.50+0.70
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.400.00
Cantex0.035-0.005
Anavex Life Sciences0.174-0.006
Metalex Ventures0.040.00
Russel Metals23.42-0.16
Copper Mountain Mining0.99+0.01
Colorado Resources0.150.00
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.050.00
Mission Ready Services0.2350.00

 



24357

FEATURED Property
2177581#128-9020 Jim Bailey Road
3 bedrooms 2 baths
$134,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Leaving a job: changing careers

Many people, who find themselves out of work and with time on their hands, and money in their pockets due to lay-off, start thinking about a career change. If you weren’t happy with the directio...


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...

_








Member of BC Press Council


24975