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Raine Group Partners With China Media Capital For Global Investments

By NANCY TARTAGLIONE, International Editor | Thursday January 24, 2013 @ 1:59am PSTTags: China, Raine Group, WME

The Raine Group, a boutique merchant bank with close ties to WME, has partnered with Chinese fund China Media Capital to invest in the sports, entertainment and digital media sectors in China and on an international level. Raine, which recently took a stake in Trey Parker and Matt Stone’s nascent Important Studios, also has investments in Vice, online game developer Jagex, ecommerce platform OpenSky and Zumba Fitness, among others. CMC, an $800M fund, also controls Star China, a joint venture with News Corp. and in August partnered with DreamWorks Animation in a plan to build The Dream Center theme park in Shanghai. CMC chairman Li Ruigang told The Financial Times that investments would initially be focused in China but that he would also seek out global opportunities. He added he’s working on raising a new privately-owned media investment fund. Below is the Raine press release:

NEW YORK and SHANGHAI — The Raine Group and China Media Capital (CMC) today announced that they have formed a strategic partnership to collaborate broadly across the global media landscape. The partnership intends to leverage the industry and geographic expertise of both firms towards select investments in the sports, entertainment and digital media sectors, both in China and around the world. The new partnership will entail exchanging investment strategies, co-investing with each other, sharing resources and developing focused conferences for Chinese and Western media thought leaders. READ MORE »

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‘South Park’ Co-Creators Announcing Their Own Studio Monday: NYT

By DOMINIC PATTEN | Monday January 14, 2013 @ 12:31am PSTTags: Big Deals Film, Matt Stone, Raine Group, South Park, The Book of Mormon, Trey Parker, WME

Later today Trey Parker and Matt Stone are going to declare their new Important Studios open for business (press release is below). On Monday, reports the New York Times, the South Park and … Read More »

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