The agreement was signed Wednesday local time at an elaborate ceremony at near Hunan TV & Broadcast Intermediary’s campus in Changsha
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The deal was announced as a regulatory filing in China without naming the U.S. party to the deal
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Pegasus Entertainment, the Hong Kong production and distribution company controlled by showbiz personality Raymond Wong Pak-ming, is to open its first multiplex in mainland China
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"Big Hero 6" has also surpassed Tangled to become Disney’s third biggest animated release globally, after "Frozen" and "The Lion King"
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Chinese video website 360 is testing shorter release windows with the Hong Kong movie "Triumph in the Skies", which analysts say could give a major boost to the subscription market in China
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The deal on $375 Million for production funding would represent the largest Chinese investment in Hollywood filmmaking to date
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Global box office revenue hit $36.4 billion in 2014, up only 1 percent from 2013, the lowest uptick in recent times
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As foreign TV shows on Chinese websites are reviewed for regulatory approval, experts say local industry stands to gain from the changing scenario
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Group of notable Chinese actors including Andy Lau, Jing Tian, Zhang Hanyu, Eddie Peng, Lu Han will make up the rest of the cast for the production
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