Paramount Picture, one of America’s most prestigious studios, is set to receive up to $1 billion in cash investments from two Chinese studios.
Viacom Inc.’s Paramount Pictures has struck a three-year deal with China’s Shanghai Film Group Corporation and Huahua Media to invest in all of Paramount’s productions. The status of Paramount Pictures in the American film industry is like its symbol surrounded by stars surrounded by snow-capped mountains. Wait for classic movies.
Since 2012, China’s richest man Wang Jianlin’s Wanda has successively acquired film and television companies such as AMC Theaters and Legendary Entertainment, but this is the first case of Chinese investment in the six major film production companies in the United States. Wang Jianlin once said that he was looking at the six major Hollywood companies, but Paramount would not sell them to him. “But they won’t sell it to me, not to the point where he can be trusted to sell it to you,” he said in an interview with Chinese state media.
Regarding China’s aggressive march into Hollywood, some members of the US Congress worry that Hollywood will gradually become a tool for the Chinese government’s political propaganda. Viacom Inc.’s Paramount Pictures has struck a three-year deal with China’s Shanghai Film Group Corporation and Huahua Media to invest in all of Paramount’s productions. The status of Paramount Pictures in the American film industry is like its symbol surrounded by stars surrounded by snow-capped mountains. Wait for classic movies.
Since 2012, China’s richest man Wang Jianlin’s Wanda has successively acquired film and television companies such as AMC Theaters and Legendary Entertainment, but this is the first case of Chinese investment in the six major film production companies in the United States. Wang Jianlin once said that he was looking at the six major Hollywood companies, but Paramount would not sell them to him. “But they won’t sell it to me, not to the point where he can be trusted to sell it to you,” he said in an interview with Chinese state media.
Regarding China’s aggressive march into Hollywood, some members of the US Congress worry that Hollywood will gradually become a tool for the Chinese government’s political propaganda.
good post