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

LeEco Cash Crunch Eases With Share Transfer

 /  Money  / 
With the completion the share transfer formalities, LeEco has sold 171 million shares, or 8.56 percent of the arm’s total equity, for RMB 6.04 billion. Read More

Alibaba Pictures Posts $139 Million 2016 Loss

 /  Money  / 
The company blamed soaring sales and marketing of RMB 1.1 billion (US$159.6 million) for the expanded loss, which compared with an RMB 466 million net profit in the previous year. Read More

China’s Huayi Brothers Sees 2016 Profit Fall

 /  Money  / 
Huayi Brothers, which is run by brothers Wang Zhongjun and Wang Zhonglei, pulled in total revenue of RMB 3.53 billion ($512.7 million), with net cash flows from operating activities of RMB 759 million. Read More

Paramount’s $1 Billion Deal with Huahua, SFG Off: Report

 /  Money  / 
Fewer than two months after a planned investment was first announced, the deal is off, according to The New York Post, which cited sources on Sunday that referred to the potential cash infusion as "DOA [dead on arrival]" and "dead," respectively. Read More

Recon Buys Majority Stake in Millennium Films for US$100 Million

 /  Money  / 
The announcement ends rumors that a deal for that amount was being negotiated, although initial speculation indicated that price was more likely for a complete buy-out of Los Angeles-based Millennium. Read More

Steven Spielberg’s Amblin Partners, Alibaba Pictures Announce Partnership

 /  Money  / 
Steven Spielberg's Amblin Partners and Chinese e-commerce and media giant have announced a partnership to co-produce films for global and Chinese audiences. Read More

Alibaba Pictures Invests in Hangzhou Cinema Company

 /  Money  / 
Alibaba Pictures is investing RMB 100 million (US$15.2 million) for an 80 percent stake in a cinema operator in its hometown of Hangzhou, as it takes on rival Dalian Wanda. Read More