China’s largest privately run film production company, Huayi Brothers Media, says that it has reached a deal to finance, co-produce, and release 18 feature films by 2017 with an unnamed US partner.
The Beijing-based company did not identify its US counterpart but people familiar with the situation said it was Burbank-based STX Entertainment.
The venture is not the first co-production deal Huayi has done in Hollywood, but it is — according to the film group — the first time a Chinese company will take part in the entire process of Hollywood filmmaking, from investment to production and distribution, and get a cut of total global revenues from films in addition to the Greater China distribution rights.
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