Magazine article Screen International

Warner Bros, China Media Capital Form Production Venture

Magazine article Screen International

Warner Bros, China Media Capital Form Production Venture

Article excerpt

Launched ahead of Chinese President Xi Jinping's official visit to the US this week, the joint venture will be 51% owned by a consortium headed by CMC and 49% by Warner Bros. Hong Kong broadcaster TVB will have a 10% stake as part of the CMC consortium.

Films produced by the group will be distributed worldwide via Warner Bros' global networks. The first titles may be released as early as 2016.

The venture will be headquartered in Hong Kong with offices in Beijing and Los Angeles. Raine Group was a financial adviser to Warner Bros on the deal.

"The country's incredibly rich history and culture provide a huge trove of great stories, and we want to help tell those stories for new generations of filmgoers, in China and around the world," said Warner Bros chairman and CEO Kevin Tsujihara in a statement. …

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