HONG KONG: The Hollywood production house behind hits including "Clash of the Titans" and "Inception" has sold a 3.3 percent stake to a Chinese studio for US$25 million, as American filmmakers strike partnerships that help them tap an increasingly lucrative foreign market.
China's Orange Sky Golden Harvest Entertainment (Holdings) Ltd. announced the deal with Burbank, California-based Legendary Pictures in a statement sent Monday to the Hong Kong Stock Exchange, where the Chinese studio is listed.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!