The Chinese film giant is launching a wholly owned stateside subsidiary to invest in movie and TV production, distribution and marketing. Huayi Brothers is spending $130 million on the unit, which will help expand its overseas business and strengthen ties to foreign film and TV companies, according to Chinese media reports. The company’s Huayi International plans to pump an additional $80 million into the venture. No details yet on staffing or slates from the U.S. venture. The company revealed its plan in a filing with the Shenzhen Stock Exchange today.
Huayi Brothers Spending $130 Million To Start U.S. Subsidiary
What's Hot on Deadline
Jimmy Kimmel Defends Florida Students Under Attack From Far Right Wingnuts Ted Nugent, Donald Trump Jr.
Latest Film News
- ‘The Domestics’ Special Effects Coordinator Says He Shares Blame in “Wigging” Incident
- Meryl Streep Rips “Pathetic” Harvey Weinstein For Using Her Name In Lawsuit
- Guillermo Del Toro Denies ‘Shape Of Water’ Was Influenced By 1969 Play: “I Never Saw It”
- Director Roland Joffé Inks With Gersh
- ‘Annihilation’ Review: Natalie Portman Ramps Up The Action In Alex Garland’s Smart, Scary Journey Into…
- Safety Panel Urges New Culture To Speak Out; Joyce Gilliard Reveals Horrifying Details Of ‘Midnight…