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Newsclip®

Newsclip® the leading Online Social Newspaper

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    "Just four days after an influential US congressman called on the Justice Department to look into Chinese investment in the entertainment world, Hollywood’s best-known director, Steven Spielberg, announced a tie-up with a Hong Kong movie company. Alibaba Pictures would take a minority stake in his firm. Spielberg and Alibaba founder Jack Ma appeared together at an event in Beijing to celebrate a wide-ranging pact between the director’s Amblin Partners and Ma’s Alibaba Pictures, the movie unit of internet giant Alibaba. The deal is the latest in a growing flood of Chinese companies carving up Tinseltown. As Chinese companies buy into Hollywood, they gain expertise in creating higher-quality movies to distribute into what will soon be the No. 1 movie market in the world. China’s box office is expected to hit $12 billion over the trailing 12 months (or “TTM”) by early 2018, consultancy PwC predicts. The US box office was $11.1 billion last", nypost.com

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    Clipped 1 month ago
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    "China's growing interest in Hollywood has brought together legendary director Steven Spielberg and Alibaba founder Jack Ma.", www.wfmz.com

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    Clipped 1 month ago
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    "China's growing interest in Hollywood has brought together legendary director Steven Spielberg and Alibaba founder Jack Ma.The two billionaires announced a deal over the weekend to produce and distribute movies in China and the rest of the world.Oscar-winning filmmaker Spielberg, who's also one of Hollywood's richest moguls, told a news conference in Beijing that he hoped the tie-up would 'bring more of China to America, and bring some more of America to China.'", www.kerngoldenempire.com

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    Clipped 1 month ago

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