BEIJING, February 19. /Corr. Alexey Selishev/. The Chinese Studio Perfect World Pictures is reportedly to invest $250 million into the Studio Universal Pictures. As patnicu reported Internet news portal “Zhongguo Sylvanian”, this will be one of the largest investments of Chinese companies in Hollywood.
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“For Perfect World Pictures is an important step towards entering foreign markets. The company will be able to learn new technologies of film production from his Hollywood partner,” – said the expert Internet consultancy Analysys Huang Guofeng. According to him, this transaction will also allow to strengthen the position of Universal Pictures on the Chinese market.
It is expected that under the agreement in the next five years the Studio will release at least 50 movies. In this Perfect World Pictures in joint films will be eligible to receive 25% of the proceeds from ticket sales at theaters worldwide, and a quarter of the proceeds from the screenings on television and retail sales.