According to reports, Chinese metal company Anhui Xinke has bought a controlling stake in The Hurt Locker and Dallas Buyers Club outfit Voltage Pictures.
Anhui Xinke New Materials, a Chinese copper-processing firm located west of Shanghai, has acquired a majority stake in Voltage Pictures, the Hollywood production and sales firm behind Oscar-winning films The Hurt Locker and Dallas Buyers Club.
Reuters reports that the metals company announced Sunday (November 13) that it has bought an 80% stake in Midnight Investments, the holding company behind Nicolas Chartier’s Voltage, reportedly for 2.39bn yuan ($350.71m).
Anhui Xinke said in the statement that the acquisition of Voltage will enable the firm to strengthen its position in the domestic and international film industry, boosting its profitability.
Voltage could not be reached at time of publication.
Earlier this month, Anhui Xinke established Wotaiji International Media Ltd, based in Hong Kong, to acquire media assets. The copper firm has had no previous apparent links to the...
Anhui Xinke New Materials, a Chinese copper-processing firm located west of Shanghai, has acquired a majority stake in Voltage Pictures, the Hollywood production and sales firm behind Oscar-winning films The Hurt Locker and Dallas Buyers Club.
Reuters reports that the metals company announced Sunday (November 13) that it has bought an 80% stake in Midnight Investments, the holding company behind Nicolas Chartier’s Voltage, reportedly for 2.39bn yuan ($350.71m).
Anhui Xinke said in the statement that the acquisition of Voltage will enable the firm to strengthen its position in the domestic and international film industry, boosting its profitability.
Voltage could not be reached at time of publication.
Earlier this month, Anhui Xinke established Wotaiji International Media Ltd, based in Hong Kong, to acquire media assets. The copper firm has had no previous apparent links to the...
- 11/14/2016
- ScreenDaily
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