Huayi set to ex­pand its TV series busi­ness

China Daily (Hong Kong) - - BUSINESS -

Film pro­duc­tion and dis­tri­bu­tion com­pany Huayi Broth­ers Me­dia Group on Tues­day said it plans to buy a 51 per­cent stake in Zhe­jiang Yon­gle Film and TV Co Ltd for about 400 mil­lion yuan ($65.9 mil­lion) to shore up its ail­ing tele­vi­sion series busi­ness. Set up in 2004, Zhe­jiang Yon­gle Film and TV is a com­pany that deals with the in­vest­ment, pro­duc­tion and dis­tri­bu­tion of TV series, Huayi said in a state­ment.

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