Paramount Partner, Huahua Media Sold to Oriental Times



China’s Oriental Times Media has bought a majority stake in Huahua Culture Media, one of the pair of Chinese companies that is co-financing a slate of movies at Paramount Pictures. The all-cash deal was completed for $ 40.6 million (RMB280 million) and sees Huahua sell a 51% stake, according to regulatory filings made by the Shenzhen… Read more…
Variety

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