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Monday, 20 April 2015

Chinese and foreign film producers sign deals worth $2.3B

Li Shilin, left, head of China's CITIC Guoan, a unit of state-owned CITIC Group Corporation, and Dick Cook, former Walt Disney Studios Chairman and current head of Dick Cook Studios, shake hands after signing an agreement during a contract signing event held as part of the Beijing International Film Festival in Beijing, Monday, April 20, 2015. Walt Disney Studios signed a deal with CITIC Guoan to invest $150 million into his new Dick Cook Studios. (AP Photo/Mark Schiefelbein)BEIJING (AP) — Chinese and foreign film producers, companies and investment firms signed movie cooperation deals worth 13.8 billion RMB ($2.3 billion) on Monday, demonstrating how foreign movie makers increasingly want a piece of the growing Chinese market.




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