CHINESE GROUP TO SPEND $10 BILLION ON MOVIE BIZ
September 5, 2012 by admin · Leave a Comment
Buying AMC Entertainment — the second-largest U.S. theater chain — for $2.6 billion is just “the first step” of a $10-billion investment in the U.S., which will likely include the purchase of additional theaters, a joint venture in film production, hotels and retail stores, the head of China’s Dalian Wanda Group said at a news […]
ISLE OF MAN BUYING 20 PERCENT OF BRITISH STUDIO
The Isle of Man, the semi-independent entity located in the Irish Sea between Great Britain and Ireland, has agreed to acquire 20 percent of Pinewood Shepperton Studios for about $36 million. The local government has reportedly been a major backer of British films since 1995. In a statement, Eddie Teare, the Isle of Man’s treasury […]
CHERNIN GROUP BECOMES BIG PLAYER WITH $200 MIL INFUSION
April 23, 2012 by admin · Leave a Comment
Peter Chernin, the former president/COO of News Corp who oversaw the Fox television and film division, has reportedly received an infusion of $200 million into his three-year-old The Chernin Group from an investment group led by Providence Equity Partners. The Chernin Group is the corporate parent of Chernin Entertainment, which turned out the movie the […]
CHINESE FUND TO INVEST $800 MILLION IN HOLLYWOOD
February 6, 2012 by admin · Leave a Comment
Chinese media mogul Bruno Wu is teaming up with Harvest Fund Management, China’s fourth-largest investment-fund management company, to create a massive $800-million fund that will invest in tentpole productions in Hollywood and elsewhere that appeal to Chinese audiences, the New York Times reported today (Monday). In an interview with the newspaper, Wu mentioned that films […]
