Zhonghui Film and Television invests US$20 million in American film Hou Xiaoqiang to enter the Hollywood film market

Zhonghui Film and Television, a company listed on the New Third Board, announced on March 4 that the company plans to use its holding subsidiary American Superhero Pictures Co., Ltd. as its management and operation platform and invest no more than US$20 million to cooperate with several well-known Hollywood directors to jointly develop and produce 2 to 3 Hollywood movies in advance.

According to the announcement, the films the company has confirmed to invest in include "Marshall" and "Manhattan"(under negotiation). In addition, the company plans to conduct early cooperation with well-known Hollywood directors in other films.

The specific information of the investment film is as follows:

1. American film: "Marshall"

Title: "Marshall"

Film length: 128 minutes

Shooting location: Connecticut, Atlanta, USA Expected release: December 2016

Film type: Legal plot/suspense

Production organization: Super Hero Film,Ltd. Starlight Source Film, Hero Film,Ltd.

National distribution: Open Road Films

Global distribution: Voltage Company

Partner: Creative Artists Agency (CAA)

2. American Film: "Love in Manhattan"(under negotiation)

Title: Love in Manhattan

Length: 120 minutes

Shooting location: New York, USA Expected release: Late 2017

Film type: romantic comedy

Expected production organization: Star Light, Super Hero Film, Ltd. Hero Film,Ltd.

National distribution: Open Road Films

Global distribution: Warner/Lionsgate (under negotiation)

Cooperation agency: ParadigmTalent Agency.

3. As of the release date of this announcement, there are no other new films planned to cooperate in advance with well-known Hollywood directors.

Zhonghui Film and Television said that this investment in American films lays the foundation for the company's smooth entry into the American film market. At the same time, through cooperation with well-known Hollywood directors, we will expand the company's global influence and create an international brand, with a view to generating revenue for the company while introducing good film and television content, opening up an "international and diversified" innovative business model, and thus better Promote the development of the company's business.

According to reports, American Super Hero Film Co., Ltd.(English name Super Hero Film,Ltd.) It is Zhonghui Films and Hero Film Ltd. It was jointly invested and established in September 2015 to specialize in film production and distribution. Among them, the company holds a 51% stake in Super Hero Pictures Co., Ltd., and Hero Pictures Co., Ltd. holds a 49% stake in Super Hero Film, Ltd.

It is understood that Zhonghui Film and Television was established on September 18, 2012. On January 14, 2015, former CEO of Shanda Literature Hou Xiaoqiang joined and invested 11 million yuan to obtain a 22% stake in the company transferred by Chairman Sun Lili. In the same year, he served as the company's general manager. Zhonghui Film and Television successfully landed on the New Third Board on January 28, 2016 and entered the capital market. Information shows that after more than three years of accumulation, Zhonghui Film and Television has become a company with three core businesses: production and distribution, copyright trading, and high-quality event planning and operation. In 2014, the works that have been invested in and filmed include the family ethics urban emotional drama "If Love Can Come Again", the urban light comedy "The Courtship of the Ex-husband", and the youthful fashion inspirational TV series "Shenzhen Share".

According to public information, Hou Xiaoqiang was born in 1975 and joined Sina in August 2001. He has served as editor-in-chief, director, and deputy editor-in-chief. In July 2008, he left Sina to join Shanda Literature and served as director and CEO of Shanda Literature. In December 2013, Hou Xiaoqiang resigned from Shanda Literature. After leaving the company, he successively hired Hunan Radio and Television Station, Travel Satellite TV, Sina.com and Shaolin Temple as consultants.

[Original Announcement]

Zhonghui Film and Television: Foreign Investment Announcement

Editor: vian