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

Wanda Cinema Line To Acquire 1.9 Percent Stake In Bona Film Group

 /  Money  / 
New Bona cinemas -- including both newly constructed and newly purchased cinemas -- will now become a part of Wanda Cinema Line, according to the agreement. 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

Bona Film Group Takes First Step Towards China IPO

 /  Money  / 
On Wednesday Bona Film Group announced it had filed the necessary documents required for a stock market listing with the Xinjiang Securities Regulatory Bureau and had received confirmation from the regulator. 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

‘Transformers’ Producer Tom DeSanto Partners with CITIC Guoan to Invest US$120M In China-US Movie Project

 /  Money  / 
"Transformers" producer Tom DeSanto is teaming up with Chinese investment holding company Citic Guoan Group to finance a series of China-U.S. joint film productions. Read More

China Box Office: Smurfs Come Up Short, F8 Remains #1

 /  Box Office  / 
Despite dropping nearly 75% from its opening weekend, 'The Fate of the Furious' lapped a weak field to race closer to the record established by its predecessor for highest-grossing import of all-time. Read More

LeEco Seeks to Sell Property Assets as Cash Crunch Continues

 /  Money  / 
LeEco is seeking to sell a prime piece of real estate in Beijing's Sanlitun entertainment district, the Shimao Gongsan, that it bought in 2016 for US$420 million, according to Reuters. 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

UPCOMING EVENTS