China Exec Who Put $500M Into Universal Pictures Says “More to Come” – Hollywood Reporter

China Exec Who Put $500M Into Universal Pictures Says "More to Come"

When China’s Perfect World Pictures announced in February that it is raising $500 million to co-finance as many as 50 features from Universal Pictures, the collective response from many in Hollywood was: Who? Not much was known about the company, other than it is a unit of Perfect World Co. Ltd., one of China’s largest video game makers. Nonetheless, the U.S. entertainment industry now is paying attention to Perfect World’s president, Rong Chen, as he builds the company’s Chinese television an…

http://www.hollywoodreporter.com/news/china-exec-who-put-500m-884961?utm_source=Sailthru&utm_medium=email&utm_campaign=THR%20Breaking%20News_2016-04-21%2011:00:00_awashington&utm_term=hollywoodreporter_breakingnews