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Warner Bros. teams up with Chinese investment company to produce Chinese-language films
– canadianbusiness.com
BEIJING, China – Hollywood studio Warner Bros. and a Chinese investment company said Sunday that they will jointly produce Chinese-language movies for the international market, as entertainment companies in the world’s two biggest movie markets increasingly collaborate.
Warner Bros. and China Media Capital announced their Hong Kong-based joint venture two days before the start of Chinese President Xi Jinping’s state visit to the United States. Flagship Entertainment Group Ltd. will also have offices in Beijing and Los Angeles.
It will be 51 per cent owned by a consortium led by China Media Capital — of which 10 per cent will be held by Hong Kong broadcaster TVB — and 49 per cent owned by Warner Bros. It will produce a slate of films and distribute them around the world, starting as early as 2016.
Sino-U.S. collaborations can help Hollywood studios earn a bigger share of a film’s box office revenue and enable the Chinese movie industry to gain more technical expertise…
Warner Bros. and China Media Capital announced their Hong Kong-based joint venture two days before the start of Chinese President Xi Jinping’s state visit to the United States. Flagship Entertainment Group Ltd. will also have offices in Beijing and Los Angeles.
It will be 51 per cent owned by a consortium led by China Media Capital — of which 10 per cent will be held by Hong Kong broadcaster TVB — and 49 per cent owned by Warner Bros. It will produce a slate of films and distribute them around the world, starting as early as 2016.
Sino-U.S. collaborations can help Hollywood studios earn a bigger share of a film’s box office revenue and enable the Chinese movie industry to gain more technical expertise…
