Wednesday, February 17, 2016

Chinese Beachheads

The Middle Kingdom is making investments on the Left Coast of the U.S. of A.

Beijing-based video game maker Perfect World has agreed to invest in Universal Pictures' movies, marking the latest deal between a Hollywood studio and a Chinese company.

Perfect World Pictures, the gaming firm's movie and television operation, has entered a five-year agreement to help finance 50 of Universal's upcoming pictures starting this year. ...

A digital animation studio backed by Chinese social networking company Tencent Holdings, for example, has launched an animation studio in Culver City run by former DreamWorks Animation executives.

Last month, Chinese conglomerate Dalian Wanda Group bought Burbank production company Legendary Entertainment for $3.5 billion. ...

All these Chinese companies, like corporations elsewhere on the globe, are looking to tap into the talent pool and general expertise of the California move community. Sometimes they entice that talent away. Sometimes they build a partnership or satellite studio.

In the case of Tencent Holdings, they've built a studio called Original Force, and The Animation Guild is in the process of doing an agreement with them.


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