Latest in Li Ruigang

A consortium led by Li Ruigang’s CMC Capital Partners has taken full ownership of Shanghai-based animation studio Oriental DreamWorks, relaunching it as Pearl Studio. Universal, which inherited 45% of the joint venture when parent Comcast acquired DreamWorks Animation in 2016, had been looking to offload its…

CAA said today it is partnering with China’s CMC Capital Partners to form CAA China, and that its new Chinese partner will hold a minority “strategic investment” via a percentage that is not being disclosed. CMC chairman Li Ruigang, a highly regarded executive in both China and the U.S., will join CAA's Board of…

China Media Capital Chairman Li Ruigang, a man Jeffrey Katzenberg has called a “visionary,” today warned his compatriots who are eyeing investments in Hollywood to “be smart money, not dumb money.” Li, whose company includes stakes in Imagine Entertainment, NextVR, Broadway Global Ventures, Oriental Dreamworks and…

Cinesite Studios has entered into a partnership with the Harold Lloyd Estate and Comic Animations to adapt Lloyd's films into a series of animated features. The legendary actor and filmmaker made nearly 200 movies between 1914 and 1947, pioneering thrill sequences and stunts, and ranking with Charlie Chaplin and…

Demonstrating its continued appetite for diverse content, Li Ruigang's China Media Capital is to pay a record $1.3B for broadcast rights to Chinese Super League soccer, the Financial Times reports. The five-year deal is a massive increase from the roughly $8M per year that is currently being paid. This is a…

Li Ruigang has left his position as group president of Shanghai Media Group, China’s second largest media conglomerate. He will still continue in his role as chairman. A terse statement released on Tuesday on state-affiliated China Daily, “confirmed the removal” of Li and his successor Wang Jianjun.  No reason was…