China’s Tencent Buys Film Studio New Classics Media for $2.25B | Hollywood Reporter

China’s Tencent buys film studio New Classics Media for $2.25 billion. The deal brings together one of China’s largest content development platforms with the production outfit behind blockbusters like ‘Never Say Die’ ($334 million) and ‘Goodbye Mr Loser’ ($226 million).
— Read on www.hollywoodreporter.com/news/tencents-china-literature-acquires-film-studio-new-classics-media-225b-1134569