The State Administration of Foreign Exchange has demonstrated that it is more than happy to prevent showy, offshore deals, which almost always tends to describe the purchase of or investment in Hollywood properties. Read More
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
Recon Wenyuan Cable Co. is looking for its next big buy: Hollywood's Millennium Films, producers of "The Expendables" series, with a possible price tag of US$100 million, according to a Bloomberg report this week. Read More
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