Paramount Gets China Infusion: $1 Billion, 3-Year Slate Co-Financing Deal With Shanghai Film Group & Huahua Media

 

EXCLUSIVE: Paramount Pictures has made its most significant long-term alliance in China since Viacom chief Shari Redstone nixed a 49% stake sale to Dalian Wanda for $4.9 billion last year. The studio has closed deals with Shanghai Film Group Corp and Beijing-based Huahua Media for those companies to fund 25% or more of the studio’s entire film slate for the next three years, with an option for a fourth. Continue reading

Chinese conglomerate to buy stake in Hollywood studio: reports

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Wang Jianlin, chairman of property giant Wanda Group

 

Chinese powerhouse Dalian Wanda is reportedly in talks to buy a controlling stake in US film studio Legendary, providing the Communist Party-linked company with a key anchor in Hollywood.

The media and property group controlled by China’s richest man Wang Jianlin is in advanced stages to buy the studio behind blockbusters “Godzilla” and “Pacific Rim”, according to reports Tuesday in the New York Times and Financial Times newspapers. Continue reading