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Hollywood stake
Source: Agencies |
September 29, 2010, Wednesday
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Print Edition
Print Edition
THE Hollywood production house behind hits including "Clash of the Titans" and "Inception" has sold a 3.3 percent stake to a Chinese studio for US$25 million.
China's Orange Sky Golden Harvest Entertainment (Holdings) Ltd announced the deal with California-based Legendary Pictures in a statement sent Monday to the Hong Kong Stock Exchange, where the Chinese studio is listed. The investment allows Orange Sky to appoint one of Legendary Pictures' six directors.
China's Orange Sky Golden Harvest Entertainment (Holdings) Ltd announced the deal with California-based Legendary Pictures in a statement sent Monday to the Hong Kong Stock Exchange, where the Chinese studio is listed. The investment allows Orange Sky to appoint one of Legendary Pictures' six directors.
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