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Chinese Investment in Hollywood Movies Continues

Chinese investment in Hollywood movies continues apace reports China Daily.

Alibaba Digital Media and Entertainment Groupplans to invest more than 50 billion yuan ($7.2 billion) over the next three years. And there are many other examples of Chinese companies financing movies or investing in Hollywood companies.


Huahua Mediahas financed movies such as Jack Reacher: Never Go Back, Star Trek Beyond, Allied and Transformers: The Last Knight.

Alibaba Pictures is behind Teenage Mutant Ninja Turtles: Out of the Shadows, Star Trek Beyond and Mission: Impossible-Rogue Nation.

Investments in Hollywood companies include:

  • Xinke New Materials acquiring 80 percent of the parent company of Voltage Pictures
  • Alibaba Pictures investmentin Stephen Spielberg's Amblin Partners
  • Tang Media's acquisition ofmajority stake in IM Global
  • Wanda's $1 billion investment in Dick Clark Productions
  • Wanda's $3.5 billion purchase of Legendary Entertainment
Looking to the future, is aChinese acquisition of one of the six major Hollywood studios possible?

Chinese funding fuels world cinema

- Business - Chinadaily.com.cn