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Chinese to invest $1 billion in US Paramount Pictures studio

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Chinese to invest $1 billion in US Paramount Pictures studio

Paramount Pictures, an American film studio based in Hollywood, California, signed an agreement with Shanghai Film Group and Huahua Media companies, according to which it receives $1 billion in investments over the course of three years, The Wall Street Journal reports.


Apart from that, the companies will help the film studio in term of films distribution on the Chinese market, which is the second largest after the USA.

Shanghai Film is the second biggest film distributor in China after Dalian Wanda Group. In recent years, Paramount, which released such motion pictures, as “Titanic” and “Godfather”, has dramatically cut its expenses and a number of produced films.

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