Three deals in the cultural and creative industries were signed at the 17th Beijing-Hong Kong Economic Cooperation Symposium, which took place in Beijing from October 23 to 24.
The three deals, inked at a business matching event held on October 24, were promoted by the Beijing Cultural and Creative Industry Promotion Center. Included are the following three programs.
The Xiangjiang International Shengtang Cultural and Creative Park, at a worth of 80 million yuan (US$12.9 million), will be built in the core area of Tian’anmen Square in Beijing, targeting high-end cultural and creative enterprises.
Shengtang Shidai (Beijing) Digital Film Production Co., Ltd. will produce digital films in cooperation with a Hong Kong movie and entertainment company under one deal worth 50 million yuan (US$8.1 million).
LeTV.com, a Beijing-based online video portal, will cooperate with the Alliance of Chinese-language Films (Hong Kong) in launching the First China (Beijing) International Mobile Movie Competition somewhere between 2013 and 2014. The deal involves an investment of 30 million yuan (US$4.8 million).