Paramount will not receive the $1 billion in slate funding from China’s Shanghai Film Group, and Hua Hua Media. A source said, the “Paramount deal is dead.”
The days of cable television are numbered after the launch of YouTube TV in the U.S. The will cost $35 a month for a family plan with at least 40 channels.
With increased competition from Netflix and Amazon, Canal+ lost a half of million subscribers in France during 2016.
China’s Recon Group plans to buy a majority stake in genre-distributor Millennium Films for $100 million.
Wanda Group is in the position to transform theatrical exhibition markets in English-speaking territories.
Update: Dick Clark Productions sues Dalian Wanda for $25 million after the Chinese conglomerate failed to complete it’s $1.07 billion buyout.
Xinke, a Chinese copper processing company revoked their offer to acquire 80% of Voltage Pictures for $350 million.
In an unsurprising decision that many industry followers have expected, Paramount Pictures’ CEO Brad Grey is leaving the studio after 12 years.
China’s top film regulator, announced through state-run news sources that a quota expansion is likely in the coming months.
Wang Jianlin, chairman of Wanda Group, warned the U.S. last week against implementing protectionist measures for media assets.