www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Alibaba offshoot gets stake in Spielberg firm

By MENG JING/ED ZHANG (China Daily) Updated: 2016-10-11 08:17

Alibaba offshoot gets stake in Spielberg firm

Steven Spielberg, chairman of Amblin Partners, and Jack Ma, chairman of Alibaba Group, attend an event to announce a partnership in Beijing on Sunday. [Photo provided to China Daily]

The film offshoot of e-commerce giant Alibaba Group has purchased a minority stake in Amblin Partners, a production outfit backed by Steven Spielberg, the latest in a string of investments by Chinese companies to use Hollywood movie-making magic to fulfill their global ambitions.

The investment is part of a comprehensive strategic partnership agreement Alibaba Pictures Group inked with Amblin Partners in Beijing on Sunday as the internet film company builds its capacity in film production and content creation.

Zhang Wei, president of Alibaba Pictures, said that the Hong Kong-listed company aspires to become a studio that can produce content not only for the China market but for worldwide audiences. "That (goal) requires good skill in storytelling and Steven Spielberg is definitely the best of the best," she said.

The agreement with Amblin Partners marks Alibaba Pictures' most comprehensive partnership deal to date with agreement to work together on production, marketing and distribution both globally and in China and its first investment in Hollywood.

Neither of the two sides reveals the specific financial term of the deal but Alibaba Pictures will get to name a representative on Amblin Partners' board.

The tie-up between Alibaba Pictures and Los Angeles-based Amblin Partners is the latest among the spree of deals made in the past two years that intend to help Hollywood movies better access the China market, which is on track to become the world's largest, and Chinese companies to produce movies that have global influence.

Chen Shaofeng, deputy dean of Peking University's institute for cultural industries, said that the rising trend of China-Hollywood cooperation is based on mutual interest. "Chinese companies and Hollywood filmmakers need each other," he said.

Among Chinese companies, China's richest man Wang Jianlin's Dalian Wanda Group is the most aggressive one in terms of buying up Hollywood asset. Early this year, it bought the controlling stake in Jurassic World co-producer Legendary Entertainment for $3.5 billion and is said eyeing to buy Golden Globes show-runner Dick Clark Productions.

The acquisition spree has raised concern in Washington with lawmakers calling for greater scrutiny of Chinese investment in the US media industry.

Globalization is one of Alibaba Pictures' top priorities, but the company wants to take adifferent approach from Wanda. "With our platform-oriented approach, we have a mentality that can bring value to people rather than taking away value away from people. You don't see us coming to buy up Hollywood, buying up lots of assets," said Zhang.

Huang Guofeng, an analyst with Beijing-based consultancy Analysis, said Alibaba Pictures approach has more chance to be passed in the US rather than high-profile takeovers. "Setting up joint ventures in overseas market could be another option when Chinese entertainment firms get more overseas experience," he said.

Contact the writers at mengjing@chinadaily.com.cn and edzhang@chinadaily.com.cn

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 91国语精品自产拍在线观看一 | 久久无码av三级 | 欧洲美女与男人做爰 | 国产亚洲欧美日韩在线观看不卡 | 伊人热久久 | 国产一区国产二区国产三区 | 美女视频网站永久免费观看软件 | 欧美久在线观看在线观看 | 欧美视频www | 国产一区私人高清影院 | 怡红院美国十次成人影院 | 成人国产亚洲欧美成人综合网 | 亚洲精品一区二区三区美女 | 久久草在线精品 | 国产高清在线观看视频手机版 | 免费看美女无遮掩的软件 | 黄到让你下面湿的视频 | 久久91精品国产91久久跳舞 | 亚洲天堂影院在线观看 | 成人a毛片视频免费看 | 91热播| 欧美白人和黑人xxxx猛交视频 | 三级韩国一区久久二区综合 | 毛色毛片免费看 | 精品国产v | 欧美成人 综合网播九公社 欧美成人26uuu欧美毛片 | 亚洲人成日本在线观看 | 草草伊人 | 久草免费在线播放 | 18videosex性欧美69超高清 | 蜜桃88av| 99视频免费播放 | 免费人成在线观看网站视频 | 成年人黄色免费网站 | 精品国产美女福利到在线不卡 | 国产成人高清 | 日韩高清在线不卡 | 中国一级做a爰片久久毛片 中日韩欧美一级毛片 | 91国在线高清视频 | 九九久久国产 | 自拍视频第一页 |