国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

  Home>News Center>Life
         
 

Warner Bros to set up movie venture in China
(Agencies)
Updated: 2004-10-15 16:40

US film giant Warner Bros said it will set up its first movie production joint venture in China with state-owned China Film Group and the privately run Hengdian Group.

warner bros,china
Security guard directs traffic outside Warner Bros studio in Los Angeles. The US film giant said it will set up its first movie production joint venture in China with state-owned China Film Group and the privately run Hengdian Group. [AFP]
The new company, Warner China Film, will produce, market and distribute Chinese-language feature films, TV movies and animation, under new rules issued in December that permit foreigners to invest in film and television production companies, a joint statement said.

Warner will hold 30 percent of the new venture, while China Film Group, the country's largest, will own 40 percent, with eastern Zhejiang province-based conglomerate Hengdian Group taking the remainder.

The deal marks Warner Brothers' fifth in China in less than two years as the Time Warner Inc unit seeks to capitalise on China's growing affluence and appetite for films.

Foreign entertainment companies have been eager to invest in the world's most populous country, eyeing a potential market of 1.3 billion consumers.

Similarly, Chinese companies are eager to tap foreign financing and expertise.

Until the recent rule changes allowing overseas producers to own up to 75 percent stakes in Chinese film companies, Sino-foreign productions could only sign on to one movie deal at a time.

"Warner China Film marks a new milestone for the Chinese film industry and demonstrates that it is quickly opening to foreign investment and is ready to take its rightful place in the global entertainment business," Yang Buting, Chairman of the China Film Group, said.

Production budgets will range 12-50 million yuan (1.5-6.0 million dollars) for feature films and 1.7-2.5 million yuan for TV movies.

Warner Bros' latest expansion in China follows plans to build 40 movie theatres by 2008 through local partnerships as well as a deal with state-run Chinese Audio Video next month to open video sales and rental shops in leading cities.



Miss World Tourism pageant in China
Fashion show in France
Lioness and her cub
  Today's Top News     Top Life News
 

Boom city swaps commerce for art and culture

 

   
 

Leaders condole Chinese hostage's death

 

   
 

China, Russia sign on borders, WTO entry

 

   
 

China's foreign trade bounces back into black

 

   
 

Land-forest conversion continues in the west

 

   
 

Japan publisher stops Rape of Nanjing comic

 

   
  Top 100 Chinese restaurants in US to be announced
   
  Many amphibians threatened worldwide
   
  UN health body warns against 'kitchen killer'
   
  Using sirens to pick up sirens?
   
  Chinese kung fu novelist given French arts honour
   
  Adolescence affects breast cancer
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Feature  
  Face to face with Chinese director Wang Xiaoshuai  
Advertisement
         
屯昌县| 康保县| 长子县| 乌拉特前旗| 措勤县| 比如县| 偃师市| 佳木斯市| 芮城县| 普兰县| 蒙阴县| 东丽区| 边坝县| 桐乡市| 安西县| 衡东县| 赤城县| 十堰市| 南宫市| 新田县| 中超| 双峰县| 孟村| 青岛市| 镇雄县| 介休市| 邵东县| 油尖旺区| 沂南县| 琼结县| 鹿泉市| 泰兴市| 双流县| 盐山县| 盐城市| 龙门县| 固原市| 汾阳市| 海林市| 延津县| 澄江县|