Tuesday, October 13th2.5°C

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


Recent Trending

Today's Market
S&P TSX13964.36-14.30
S&P CDNX552.26+5.20
S&P 5002008.72-8.74
CDN Dollar0.7652-0.0039
Natural Gas2.516-0.019

Okanagan Companies
Pacific Safety0.225-0.005
QHR Technologies Inc1.25+0.02
Metalex Ventures0.07+0.02
Russel Metals21.26-0.29
Copper Mountain Mining0.66+0.05
Colorado Resources0.07+0.00
ReliaBrand Inc0.0245+0.0070
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.075-0.005
Decisive Dividend Corp3.25+0.14
Diamcor Mining0.97+0.03



2426089664 Roanoke Avenue
2 bedrooms 1 baths
more details
Click here to feature your property
Please wait... loading

Income for life?

Photo: Thinkstock.comIn almost every conversation I have with clients these days, the topic swings to interest rates. What direction they’re going, how long will they stay where they are and how...

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...



Member of BC Press Council