TCB in RMB: Wanda Invests in Bona to Strengthen its Domination

 /  Money  / 
Wanda Cinema Line, the world’s biggest cinema chain operator, is buying a 1.875 percent stake in private-owned Bona Film Group for RMB 300 million (US$43.51 million), the companies announced Monday. Read More

TCB in RMB: Disney Attributes Strong EPS Growth to Shanghai Disney

 /  Money  / 
Disney's impressive quarterly gains per share were because of the Shanghai Disney Resort, which opened in the third quarter of 2016, and also increases at its U.S. theme parks, the media giant said. Read More

TCB in RMB: LeSports Defaults, Jia Zhangke Skint, iQIYI Goes Hip-Hop

 /  Money  / 
LeSports, sports arm of China's internet conglomerate LeEco, canceled the broadcast of a Wednesday European Championship match between Spanish soccer giants Real Madrid and Atletico Madrid, increasing concerns over the floundering titan’s recent financial situation. Read More

TCB In RMB: Paramount, Short Films, Streaming Music, Celebrity Investment

 /  Money  / 
Thursday, the Shenzhen Exchange wrote to Shanxi Meijin Energy, inquiring about a joint fund it had announced that included a $100 million investment from superstar actor Chen Kun. The letter expressed concern over Chen’s inexperience in professional investment institutions, as well as his apparent unfamiliarity with the areas in which the fund was targeted to invest. Read More

TCB In RMB: Le Eco Woes, Gu Crows, CAA & IMAX Grow

 /  Money  / 
Premiere Age’s market capitalization stood at RMB 602 million ($87 million) at Thursday's close, meaning the company is poised to reap a 3168.99% premium from its sale to Great Wall Movie And Television. Fifth Generation director/cinematographer Gu Changwei and his actress-wife, Jiang Wenli stand to cash out some RMB 800 million ($116 million) through the deal. Read More

TCB In RMB: M&A, Copycats, IPO and Noncompetes

 /  Money  / 
TCB In RMB is a weekly summary of important developments in the Chinese entertainment business. Read More

TCB In RMB: Pirates, Racers, Zombies, Oz

 /  Money  / 
TCB In RMB is a weekly summary of important developments in the Chinese entertainment business. Read More

TCB In RMB: A Weekly Business Roundup

 /  Money  / 
SoReal, the Virtual Reality venture of acclaimed Chinese auteur Zhang Yimou opened its first concept store this past Tuesday in a 32,000 square-foot location in central Beijing. Although the company refers to it as a VR Museum, it is more like an arcade, featuring VR films, interactive VR games and other immersive experiences-- and already Chinese reports are expressing doubts regarding its commercial viability. Read More

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