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The Beast (tv program)
Chinese and foreign film producers sign deals worth $2.3B

Chinese and foreign film producers, companies and investment firms signed movie cooperation deals worth 13.8 billion RMB ($2.3 billion) on Monday, demonstrating how foreign movie makers increasingly want a piece of the growing Chinese market. The 36 deals were signed on the sidelines of the Beijing International Film Festival, an annual event in its fifth year, and were worth about a third more than those signed last year, according to Zhao Zhiyong, of the festival organizing committee. The former chairman of Walt Disney Studios signed a deal with CITIC Guoan, a unit of state-owned CITIC Group Corporation, to invest $150 million into his new Dick Cook Studios. Cook, chairman and CEO, told...

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