Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile
All news

ARCHIVE NEWS

«    September 2017    »
MonTueWedThuFriSatSun
 123
45678910
11121314151617
18192021222324
252627282930 

Chinese to invest $1 billion in US Paramount Pictures studio

logo russianconstruction.com
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.

Related publications

PARTNERS

UP