USEUROPEAFRICAASIA 中文雙語Fran?ais
    China
    Home / China / Across America

    Hunan-Lionsgate deal could be just the beginning

    By Lia Zhu in San Francisco | China Daily USA | Updated: 2015-03-12 10:48

    The recent investment by China's second-largest broadcaster Hunan TV in US film studio Lionsgate is likely to be followed by other similar investments from Chinese companies seeking to expand their presence in the US, said the lawyer behind the deal.

    China's Hunan TV & Broadcast Intermediary Co Ltd formally announced the pact with Lionsgate Entertainment Corp last month, under which Hunan will put up 25 percent of the combined $1.5 billion budget for co-productions and distribution over the next three years, marking it the largest Chinese investment in Hollywood to date.

    Lionsgate, maker of the popular Hunger Games film series, will distribute Chinese films produced by Hunan in overseas markets, and Hunan will have exclusive rights to four Lionsgate movies a year in China, according to the agreement, which was reached after 11 months of talks.

    "I think the partnership between Hunan TV and Lionsgate is exciting. It's going to lead to more co-productions in China and distribution by Lionsgate of films created by Hunan TV," said Schuyler Moore, the Los Angeles-based lawyer who handled the deal.

    "China is trying to expand its film industry dramatically, and therefore they want to get talent from the US and knowledge from the US. They want to be able to have US companies distribute Chinese films and produce films in China," he explained. "So it's a natural fit for them to come to Hollywood to tap the knowledge, the creativity and the distribution capability."

    Established in 1998, Hunan TV & Broadcast Intermediary Co Ltd, with total assets of $2.7 billion as of the end of 2013, has long been targeting the overseas market. In 2000 the company sent a research team to Hollywood and two years later set up Magicplay Entertainment Corporation in the US, through which such Chinese films as Raise the Red Lantern and Postmen in the Mountains were screened in the US.

    In 2013, Hunan TV distributed Lionsgate's Now You See Me and raked in about $24 million in the Chinese market.

    "China has a thriving and growing film industry, and Chinese companies usually have that in mind in making any US investment," said Moore, who is a partner in the corporate entertainment department of Stroock & Stroock & Lavan, LLP.

    "They want to distribute Hollywood films in China, they want to learn and adopt Hollywood techniques for Chinese productions, and they want to spread Chinese culture by arranging for worldwide distribution of their Chinese films. This is a very different focus than for other foreign investors, who are usually content to just make their bets on Hollywood films," he said.

    A number of Chinese companies have been investing in Hollywood and cinemas. Last year, AlibabaGroup andLionsgatelaunched a subscription video streaming service for the Chinese mainland called Lionsgate Entertainment World.

    Last June, Shanghai investment company Fosun International made a deal to invest in Studio 8 in the US and in 2012, China's Dalian Wanda Group bought the US theater chain AMCand also showed interest in acquiring stakes in Lionsgate and Metro-Goldwyn-Mayer Inc.

    "Very little has happened up till now, but I do think this will open the floodgates and there will be more investment coming," Moore said.

    China's theatrical film market is the second-largest in the world next to the US. Total ticket sales surged 36 percent to $4.8 billion last year. Its rapidly growing movie industry is expected to pass the US' as the world's largest in coming years.

    liazhu@chinadailyusa.com

    Polar icebreaker Snow Dragon arrives in Antarctic
    Xi's vision on shared future for humanity
    Air Force units explore new airspace
    Premier Li urges information integration to serve the public
    Dialogue links global political parties
    Editor's picks
    Beijing limits signs attached to top of buildings across city
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    亚洲免费日韩无码系列| 久久久久久国产精品无码下载| 欧美日韩毛片熟妇有码无码| 免费VA在线观看无码| 亚洲爆乳精品无码一区二区三区| 中文字幕在线最新在线不卡| 在线精品自拍无码| 国产在线无码不卡影视影院| 成在人线av无码免费高潮喷水| 爆操夜夜操天天操中文| 中文无码喷潮在线播放| 亚洲精品无码不卡在线播HE| 亚洲中文无韩国r级电影| 中文字幕久久精品无码| 精品久久久久久无码人妻热| 久久久久久无码Av成人影院| 一区二区三区无码视频免费福利| 日本久久中文字幕| 国产成人三级经典中文| 亚洲一区二区三区在线观看精品中文| 久久久精品无码专区不卡| 日韩人妻无码一区二区三区久久| 亚洲AV综合色区无码一区| 精品多人p群无码| 无码av高潮喷水无码专区线| 欧美日韩中文国产va另类电影| 天堂√在线中文资源网| √天堂中文官网8在线| 狠狠躁天天躁中文字幕无码| 最新中文字幕AV无码不卡| 中文字幕无码高清晰| 最新中文字幕av无码专区 | 亚洲AV无码久久| 亚洲VA中文字幕无码毛片 | 亚洲AV区无码字幕中文色| 中文无码成人免费视频在线观看| 精品久久亚洲中文无码| 亚洲综合无码精品一区二区三区| 亚洲国产精品无码AAA片| 无码人妻丰满熟妇区五十路百度| 无码少妇一区二区|