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.
Read more Business News
- Challenge pro field heats upPenticton / S. Okanagan - 4:10 pm
- Knox, Dilworth parks reopenKelowna - 4:23 pm
- Underwear run a big hitPenticton / S. Okanagan - 3:07 pm
- Puppy attacked at parkKelowna - 11:34 am
|QHR Technologies Inc||1.20||-0.01|
|Anavex Life Sciences||0.265||+0.005|
|Copper Mountain Mining||2.99||+0.11|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.26||+0.045|
Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...
Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...
Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...