EXCLUSIVE: As Hollywood continues to learn the ropes in China, I’m hearing that there are a host of big management shifts coming at the upper echelons of the Chinese film business. There have been rumors for some time that …
Is China-Hollywood “Gatekeeper” Han Sanping Segueing Out At China Film Group Amid Big Changes Atop Local Biz?
Yet another case of Hollywood hopping on the China film market bandwagon. Here is the announcement Monday Beijing time: Huaxia Film Distribution Co, Relativity Media, and SkyLand (Beijing) Film-Television Culture Development Ltd jointly announced a strategic partnership. Huaxia Film’s Executive Chairman Guoqing Gu, Relativity Media’s founder and CEO Ryan Kavanaugh, SAIF Partners’ Managing Partner Andy Yan, and IDG China Media’s Founding Partner Hugo Shong attended the press conference. Three parties — Relativity, SAIF, and IDG – also announced the formation of the first China/U.S. distribution company Sky Land Entertainment. Huaxia is one of the biggest movie production and distribution companies in China, releasing more films there than almost any other company. Sky Land has been prominent in the production, financing and distribution of Chinese content films in the past few years.
Said Kavanaugh: ”We’re excited to be entering into this ground breaking partnership. With 6 new screens added daily in China and a business which has been tripling in revenue every 3 years,