The names of China’s Huahua Media and Shanghai Film Co. are set to become far more visible to film-goers worldwide. Their names and logos will be seen on substantially all of the movies flowing from Paramount Pictures – underlining the growing prominence and permanence of the Chinese position in Hollywood.
After several years of testing each other out the China-Hollywood relationship, Chinese companies began seeking ownership positions in indie studios (Stx and Studio 8) and equity stakes in individual movies. Increasingly now they are becoming slate financiers.
That is exactly the progression at Huahua and Sfc. Until recently Huahua had been content to invest on a case by case basis in the Hollywood films that it calculated to be the likeliest blockbusters in China. Partially state-owned, Shanghai Film Co. has been allied with Disney on a handful of pictures.
So the $1 billion pact announced this week by Paramount, Huahua and Sfc...
After several years of testing each other out the China-Hollywood relationship, Chinese companies began seeking ownership positions in indie studios (Stx and Studio 8) and equity stakes in individual movies. Increasingly now they are becoming slate financiers.
That is exactly the progression at Huahua and Sfc. Until recently Huahua had been content to invest on a case by case basis in the Hollywood films that it calculated to be the likeliest blockbusters in China. Partially state-owned, Shanghai Film Co. has been allied with Disney on a handful of pictures.
So the $1 billion pact announced this week by Paramount, Huahua and Sfc...
- 1/20/2017
- by Patrick Frater
- Variety - Film News
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