//
you're reading...
China Daily Mail


China News

News Corp has agreed to buy a stake in Chinese movie distributor Bona Film Group Ltd, becoming the latest U.S. media company to expand into China‘s booming movie market.

News Corp will take a 19.9 percent stake in Bona Film from founder and chief executive Yu Dong, Bona said in a statement. It gave no financial details. The Nasdaq-listed company has a market capitalisation of about $392 million.

China, which posted box office revenue of $2.1 billion last year, agreed in February to open its market to more U.S. movies, adding 14 premium films, such as 3D or IMAX, to the current quota of 20 foreign films a year.

News Corp China Investments chief executive Jack Gao was quoted in the Bona statement as saying the company was attractive because had film distribution and production as well as operating cinemas.

“China’s film market is growing at a…

View original post 233 more words

About Craig Hill

General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to www.craighill.net

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

writer@craighill.net

Join 1,685 other followers

An archive of all my old posts

Follow me on Twitter

  • RT @AustDems: "...it beggars belief that [Morrison] was not told...when journalist Samantha Maiden contacted his office about the story. It… 1 day ago
  • RT @AustDems: The Government and Facebook have now cut a deal which gives big tech the upper hand in reaching agreement on how much is to b… 1 day ago
  • RT @AustDems: "The coal-fired power generation industry is on the brink of collapse...The lack of clear policy leadership from Canberra has… 1 day ago
  • RT @AustDems: "But this vast and sinister parliamentary conspiracy of people refusing to alert Morrison to the treatment of women in the Mo… 2 days ago
  • RT @AustDems: "...any government MP or senator who thinks that this is somehow an attack from the other side of politics, or an indication… 2 days ago

I also have a news site about China:

%d bloggers like this: