Spielberg and Alibaba in global movie tie-up

Spielberg and Alibaba in global movie tie-up

China's Alibaba Pictures has teamed up with Steven Spielberg's Amblin Partners to co-operate on the production and distribution of films across China and the US.
"We can bring more of China to America, and some more of America to China," as Mr Spielberg described the deal.
The tie-up is the latest to involve a Chinese company and the US movie industry.
China is soon expected to overtake the US as the industry's biggest market.
The two sides said they would co-produce movies for a global and Chinese audience and also work together on the marketing and merchandising of each other's... read more

10 October 2016 in Business, Views: 48
Source: BBC

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