Warner Bros, Chi­nese part­ner to re­lease 12 films

The Pak Banker - - COMPANIES/BOSS -

BEI­JING: US stu­dio Warner Bros and China Me­dia Cap­i­tal (CMC) said on Thurs­day that they plan to re­lease 12 films to global au­di­ences within two years. The films will be pro­duced by the joint ven­ture Flag­ship En­ter­tain­ment, head­quar­tered in Hong Kong. Li Ruigang, CMC's chair­man, said the movies in­cludes one adapted from the best-sell­ing "MEG: A Novel of Deep Ter­ror" at a cost of over $100 mil­lion. US stu­dio chair­man Kevin Tsu­ji­hara said they hoped that Flag­ship would cre­ate high-qual­ity co-pro­duc­tions with Chi­nese char­ac­ter­is­tics for au­di­ences both in China and around the world. The tie-up be­tween the two com­pa­nies was an­nounced in Septem­ber, 2015. Flag­ship En­ter­tain­ment is 51-per­cent owned by a CMC-led con­sor­tium and 49 per­cent by Warner Bros.

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