A false narrative is being advanced by news outlets that the reason for multiple failed deals is China’s clampdown on foreign investment.
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.”
One week before Shanghai Film went public, state-owned Omnijoi Media, listed on the ChiNext. On the very next day, China Film made debut on the main board.