Alibaba invests in Teenage Mutant Ninja Turtles and Star Trek films
Alibaba Pictures, a subsidiary of Chinese ecommerce and media giant Alibaba, has announced two investments in Hollywood studio Paramount Pictures.
It is investing in upcoming productions ‘Teenage Mutant Ninja Turtles: Out of the Shadows’ and ‘Star Trek Beyond’, marking its second deal with Paramount Pictures.
The company said it made the decision to invest in the films because of the large fanbases and the expectation that they will be imported by China Film and distributed by China Film and HuaXia Film in the second half of 2016.
Alibaba first partnered with Paramount Pictures when it invested in ‘Mission: Impossible – Rogue Nation’. Read full story ›
Source: The Drum
