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Tuesday, 23 August 2011 17:54

Hollywood Production House Raises $220.5 Million for Chinese Studio

Written by  By NIKKI FINKE for Deadline Hollywood
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This announcement about another Hollywood-China deal was just posted to the Hong Kong Stock Exchange website in the past hour.

It follows Legendary Entertainment’s June news that it formed Legendary East, a stand-alone entertainment company creating feature film and related content for a worldwide audience. Legendary East is based in Hong Kong, with Chinese management and international investors as well as Thomas Tull’s Legendary Entertainment. Today, Legendary East announced the investment vehicle to inject $220.5M of cash from Paul Y Engineering Group Ltd by issuing new shares on... Read More

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