国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Bona Film invests $235m in Fox movie slate

(Agencies) Updated: 2015-11-06 07:55

Bona Film invests $235m in Fox movie slate

View of a branch of Bona Cinema of Bona Film Group in Suzhou, East China's Jiangsu province, Jan 12, 2013. [Photo/IC]

A major Chinese film studio has struck a deal that will funnel $235 million into a slate of six tentpole 20th Century Fox Film Corp's movies including this summer's The Martian, as China's burgeoning entertainment industry deepens its courtship with Hollywood.

Tentpole movies are films that are expected to be very successful and therefore able to fund a range of related products or movies.

Bona Film Group Ltd, backed by billionaire Guo Guangchang, is one of China's largest producers and distributors of films. It agreed to invest the sum in partnership with TSG Entertainment Finance, which picked out the movies, Peng Li, a Bona investor relations executive, said from Beijing on Thursday.

TSG, headed by former Dune Capital executive Chip Seelig, has a long-standing film financing deal with 20th Century Fox, the film division of 21st Century Fox Inc.

Chinese companies have in the past year begun investing in highly visible Hollywood productions to deepen their understanding of movie-making for a worldwide audience.

More than a half-dozen deals have been struck. A unit of Alibaba Group Holding Ltd backed the latest installment of Paramount Pictures' Mission Impossible starring Tom Cruise. A Dalian Wanda Group Co subsidiary footed the costs for Southpaw, headlined by Jake Gyllenhaal. And Huayi Brothers Media Corp has a financing deal in place with startup studio STX Entertainment, which debuted with The Gift.

The courtship extends both ways. Time Warner Inc's Warner Bros struck a deal with China Media Capital to begin producing films locally.

Hollywood studios are seeking to expand in China that is expected to become the world's biggest market for film entertainment even as its economy slows.

Bona Film Chief Executive Yu Dong said this month he expected China to become the world's largest film market by 2018. Last year, box office receipts surged 34 percent to $4.8 billion, while the US-Canada total shrank 5 percent to $10.4 billion.

Bona Film's investment was first reported by Variety. Fox's The Martian has been No 1 at the North American box office for four of the last five weeks and has grossed $435 million worldwide, according to Box Office Mojo.

 

Hot Topics

Editor's Picks
...
阳高县| 禹州市| 鸡东县| 中牟县| 汪清县| 柏乡县| 岳池县| 扎囊县| 太康县| 孟连| 华宁县| 衡东县| 广灵县| 随州市| 无锡市| 石河子市| 郧西县| 五峰| 南雄市| 长春市| 巴塘县| 武安市| 仙游县| 手游| 商河县| 通海县| 航空| 中山市| 日土县| 武邑县| 长岛县| 延长县| 顺昌县| 保康县| 红原县| 古浪县| 庆元县| 神农架林区| 富裕县| 图片| 沁阳市|