Tencent has made a strategic investment in US film production company Skydance Media, with one report suggesting the Chinese tech conglomerate’s stake was near 10 per cent.
Skydance, which has produced a number of sequels for long-running movie franchises including Mission Impossible and Star Trek, announced the new partnership with Tencent and the strategic investment on Thursday evening in Los Angeles. The partnership will allow Tencent to co-finance Skydance films and to market, distribute and merchandise in China.
“The partnership also supports collaboration on other media initiatives, including television, interactive and virtual reality,” Skydance said.
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