Alibaba Pictures, Amblin to co-produce films for global, Chinese audiences
Steven Spielberg's Amblin Partners and Alibaba Pictures Group Ltd (1060.HK), the film studio unit of Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N), said on Sunday they will co-produce and finance films for global and Chinese audiences.
They will also collaborate on the marketing, distribution and merchandising of Amblin Partner films in China, the companies said in a joint statement.
Under the terms of their partnership, Alibaba Pictures will also acquire a minority stake in Amblin Partners, which is chaired by Spielberg, the award-winning U.S. movie director and producer.... read more
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