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Chinese Investment in Hollywood Movies Continues

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Chinese investment in Hollywood movies continues apace reports China Daily.

Alibaba Digital Media and Entertainment Group plans 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 Media has 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 investment in Stephen Spielberg’s Amblin Partners
  • Tang Media’s acquisition of majority 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 a Chinese acquisition of one of the six major Hollywood studios possible?

https://www.chinadaily.com.cn/business/2017-01/03/content_27843354.htm

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Rachel Reed

Rachel Read

Rachel is Finance Director. She has a degree in engineering from Cambridge University and qualified as a Chartered Accountant at Deloittes in London. She worked in finance in industry for twenty years. She oversees our news and also manages our events.

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