China’s Alibaba Pictures Invests in Paramount’s ‘Teenage Mutant Ninja Turtles 2,’ ‘Star Trek Beyond’ – Hollywood Reporter

China’s Alibaba Pictures Invests in Paramount’s ‘Teenage Mutant Ninja Turtles 2,’ ‘Star Trek Beyond’

Alibaba Pictures, the Chinese film studio set up by Jack Ma’s e-commerce giant Alibaba, on Monday announced an agreement to invest in two Paramount Pictures films, Teenage Mutant Ninja Turtles: Out of the Shadows and Star Trek Beyond.

http://www.hollywoodreporter.com/news/chinas-alibaba-pictures-invests-paramounts-884659?utm_source=Sailthru&utm_medium=email&utm_campaign=THR%20Breaking%20News_now_2016-04-17%2020:30:04_ARahman&utm_term=hollywoodreporter_breakingnews