Chinese conglomerate Tencent has taken a minority stake in Skydance, the production and co-finance outfit formed by David Ellison in 2010. Terms were not revealed by the companies. But industry sources told Deadline the deal values Skydance at between $1.2B and $1.5B, meaning the minority investment is believed to be worth a nine-figure sum. The funding will enable the company to add scale and capability but does not change its strategic focus on the film side.
Tencent Takes Sizable Minority Stake In Skydance, Opening New Doors In China
Dade Hayes, Deadline.com
Thu, 01/25/2018 - 3:52pm
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more