Global Road Entertainment
Tang Media Partners Entertainment, the arm of former Bear Stearns exec Donald Tang’s media conglomerate that includes production and distribution businesses IM Global and Open Road Films, has rebranded as Global Road Entertainment, the company announced.
Tang Media Partners was assembling entertainment assets in the last several years, obtaining “Spotlight” supplier Open Road at August for $29 million, 1 year later it picked up IM Global and launched a TV joint venture with Chinese technology giant Tencent. The company hired Rob Friedman as both CEO and chairman of this Road entity, where he’ll oversee their related sales actions and the entertainment properties. He’ll continue to report directly to CEO Tang and TMP Chairman.
According to Global Road’s statement, the purpose of the rebrand is to be in a position to more readily blend the sources of its various branches as it produces, finances, markets and distributes movies, TV and digital content from the U.S., China and globally. And while some other firms have experienced a difficult time browsing TMP, with offices in China and headquarters in Los Angeles, has been in a position to complete acquisitions that are significant.
“Together with branches working under precisely the same name we can now not just provide a focus to the marketplace, but also operate as one forwards facing new that engages the creative community, and most of distribution systems both present and future,” Friedman said in a statement. “Despite the stage, Global Road Entertainment relies on great storytelling, quality productions and tailoring material for both global audiences as well as regional tastes as appropriate.”
12 Chinese-Owned Media Firms, From Dick Clark Productions to AMC (Photos)
Now a firehose of Chinese investment was flowing into Hollywood for the past couple of years, as Middle Kingdom companies have scooped up production businesses and theater chains. And while D.C. has finally taken notice — also is asking the government to take a closer look at foreign ownership of American content firms — Chinese companies have already gathered a substantial portfolio of press and entertainment-related businesses often at healthful premiums. And Hollywood is not prepared to look that gift horse in the moutharea.
AMC/Carmike/Legendary/Getty Images
AMC THEATRES
Owner: Dalian Wanda GroupWanda, a property and entertainment conglomerate owned by China’s richest person, Wang Jianlin, created its very first Hollywood splash in 2012 if the firm paid $2.6 billion for AMC Entertainment, the parent of AMC Theatres, the second largest theater chain in the U.S.
AMC Theatres
Carmike Cinemas
Owner: Dalian Wanda GroupWanda-owned AMC compensated $1.2 million to acquire Carmike Cinemas at a deal that just closed in November. The joint chain will be America’s largest theatrical exhibitor, passing former No. 1 Regal Entertainment.
Mike Kalasnik
Legendary Entertainment
Owner: Dalian Wanda GroupWanda compensated $3.5 billion for the “Jurassic World” production company in January, although Legendary dropped $500 million last year, according to a Chinese regulatory filing. But, a lot of Legendary’s high-octane action and fantasy flicks are larger hits in China compared to U.S., for example “Warcraft.”
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Dick Clark Productions
Owner: Dalian Wanda GroupWanda spent $1 billion to get the producer of this Golden Globes, American Music Awards and “New Year’s Rockin’ Eve.” The deal marks Wanda’s very first foray into television after paying billions on the screen.
Dick Clark Productions
Voltage Pictures
Owner: Anhui Xinke New MaterialsAn aluminum processing firm, Anhui Xinke, purchased an 80 percent stake in Voltage parent Midnight Entertainment. Voltage is the production company behind Oscar-winning films such as “The Hurt Locker” and “Dallas Buyers Club.”
Voltage
STX Entertainment
Owner: Hony Capital, TencentIndependent distributor STX was set with investments in private equity giant TPG and company Hony Capital. The company also offers a co-financing deal with China’s Huayi Bros.. Also this year, also Media secured a strategic investment in Tencent to expand into digital content, music and reality.
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World Triathlon Corporation
Owner: Dalian Wanda GroupWanda compensated $650 million last year for the company that arouses the Ironman Triathlon races, then folding it in its Wanda Sports division.
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IM Global
Owner: Tang Media PartnersTang Media Partners, which has offices in Shanghai and L.A., acquired a controlling stake in Stuart Ford’s film finance company in Indian conglomerate Reliance at June. IM Global has funded or created over 30 Hollywood films, such as Mel Gibson’s “Hacksaw Ridge.”
IM Global
Studio8
Owner: Fosun GroupChinese conglomerate Fosun is your biggest shareholder in former Warner Bros. chief Jeff Robinov’s production business, having invested $200 million in Studio8.
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Dichotomy Creative Group
Owner: LeEcoConsumer tech firm LeEco’s subsidiary Le Vision Pictures opened an L.A. workplace this year and hired former Paramount Pictures President Adam Goodman to run it and manage a record of English-language films. As part of this deal, Goodman’s production business was acquired by LeEco, Dichotomy.
Adam Goodman
Cirque du Soleil
Owner: Fosun GroupIt is a circus, not a movie or TV studio, but Cirque du Soleil operates six Vegas displays tours and earned $845 million. This past calendar year, TPG and Fosun acquired a majority bet at Cirque du Soleil for $1.5 billion.
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Last December Tencent acquired a 93 percent stake in the video game writer for about $ 400 million and acquired the rest. Riot’s “League of Legends” is your most played PC game in the world.
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Firms from China are scooping production companies and theatre chains up from the billion in recent years
Now a firehose of Chinese investment was flowing into Hollywood for the past couple of years, as Middle Kingdom companies have scooped up production businesses and theater chains. And while D.C. has finally taken notice — also is asking the government to take a closer look at foreign ownership of American content firms — Chinese companies have already gathered a substantial portfolio of press and entertainment-related businesses often at healthful premiums. And Hollywood is not prepared to look that gift horse in the mouth.
source http://www.hundredwattstudio.com/tang-media-partners-entertainment-changes-name-to-international-road-entertainment/
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