Nov
05

Chinese Film Studio to Invest $235 Million in Fox’s Movie Slate

By
  • Bona Film teams up with TSG on `Martian,’ five other movies
  • Deal marks latest Chinese investment in Hollywood production

A major Chinese film studio has struck a deal that will funnel $235 million into a slate of six tentpole Twentieth Century Fox movies including this summer’s “The Martian,” as the Asian country’s burgeoning entertainment industry deepens its courtship of Hollywood.

The Bona Film Group Ltd., backed by billionaire Guo Guangchang, is one of China’s largest producers and distributors of film. 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 longstanding film financing deal with Twentieth Century Fox, the film division of 21st Century Fox Inc…

Chinese Film Studio to Invest $235 Million in Fox’s Movie Slate

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.