Paid January 27 evening announcement said the company recently reached an agreement with the United States Lionsgate , they intend to jointly invest film production , distribution, and movie -derived product development operations. Respectively, through a wholly owned company subsidiary wide electrical Pictures of Hong Kong companies , electric Canton Picturesand Lionsgate American company signed a specific cooperation agreement. Cooperation period of three years .
Lions Gate Films was founded in 1997 , is known as the rapid rise in recent years, in addition to the traditional six of the ” seventh largest .” Lionsgate for Chinese audiences are familiar with the hit film of ” The Hunger Games ” series , and ” Twilight ” ( Summit Entertainment has been acquired by Lions Gate Films ) . Teenagers like the type , theme films are good at it , both in terms of movies or TV shows have accumulated a considerable prestige and film library resources, frequently came in 2014 with Ali Baba and Wanda fancy , becoming the latter two overseas important strategic step.
Finally, I did not expect to be Paid ” final word ” – the story too similar to last year’s Huayi Brothers ” shares ” Studio 8, but finally popped up unexpectedly cut Hu revival of international success .
Paid content of ” grab ” strategy
According Paid announcement shows that for the period of cooperation Lions Gate Films Toupai production, distribution of films , according to 75% , 25% the proportion of funding based on the net investment in the production of the film, Lionsgate and companies. In every film investment ceiling of $ 30,000,000 Paid , and if the movie because of cooperation led to large-scale investment company invested amount exceeds this limit , then the Company may elect to full -chip investment choices ( ie, although will more than 30 million US dollars investment ceiling monolithic , still full payment of 25% of net production of actual investment) . Meanwhile, the announcement said that the investment of the year and not Paid more than 125 million US dollars (about 780 million yuan ) , but the two sides agreed in accordance with the situation , it may not be restricted by this amount .
Announcements, Lionsgate launched for Chinese co-productions , the company enjoys priority Paid bargaining , and the investment ratio can reach 43% of the net investment in the production or other mutually agreed proportion . Meanwhile , Paid enjoy four year collaboration with Lionsgate film exclusive marketing rights in China. If the company issuing index gained more foreign films , the two sides can make it a priority to increase the number of issued negotiations. In addition, the announcement also revealed that Lionsgate will assist Paid co -led film production , and to assist the latter made Chinese movies overseas distribution , made films go for help.
Ali aspects Lynx Box had been reached with Lionsgate content copyright strategic partnership to jointly launch Lions Gate Entertainment World (the “LGWE”) service project, which is designed for Chinese users with an exclusive subscription class Entertainment services, users will Alibaba latest generation set-top boxes ( Lynx Box 2 ) and the TV is connected , you can get the service.
Paid overwhelmed with great efforts and capital investment to get content resources, not only the financial aspects as well as the issuance of equity investments in the Mainland thus obtained exclusive rights to its investment in video content are also expected to be no doubt become mango TV the huge traffic entrance , while the future if injected Paid TV mango , then the impact of the financial investment and the proceeds will be further enlarged .
Alibaba Hollywood lion Complex : Sony transferred or will acquire MGM
Also lion, Lionsgate aspects Paid already heats up, Alibaba or will stop at the previously agreed with Lionsgate Lynx Box level of cooperation . But Ma desire for Hollywood is not going to stop , according to the ” Shenzhen Evening News ” message , sources said MGM seems more suited Alibaba acquisition target . MGM is owned by private investment institutions, some of them are eager to cash business . It is reported that MGM repository also abundant, with about 4000 films, including “Rocky ,” ” Robocop ,” ” The Hobbit ” ( Warner total ) and “007” ( with Sony total ) , etc. very attractive for fans .
Alibaba success after the US market, Ma that led to Hollywood to conduct investigations. According to previous Sony hacked leaked email shows that in October this year, Ma visitedHollywood really only met with a film company – Sony Pictures , Ma was met with the Sony executives , expressed interest in participating in ” Ghostbusters ,” the investment in production.
So Ali or will acquire MGM , Sony has not groundless , in addition to the content level of cooperation , the potential strategic value of MGM and acquisitions are high . Interestingly, Sony MGM ‘s LOGO is a lion, and the lion has witnessed a century of Hollywood legend and glory.
Original link: http://tech.163.com/15/0130/07/AH6LFGSN000915BF.html
January 28 evening, Paid publish a strategic cooperation agreement with the United States Lionsgate announced. The company said the two sides will jointly invest film production and distribution, and development operations movie derivatives. Paid respectively through its wholly owned subsidiary of Paid Pictures (Hong Kong) Limited, Paid Pictures and Lionsgate American company signed a cooperation agreement specifically for the film project investment, Paid Lionsgate will be in accordance with the 25% 75% of the proportion of funding is expected to total cooperation period will reach $ 1.5 billion investment, or about 9.36 billion yuan.
Yesterday, Paid Securities Department official in an interview >> << Securities Daily reporter, said: 'This is a big move company layout content industry in the future, the company will be presented in the movie business to Beijing, Hong Kong, China, the United States three subsidiaries 'three pillars' of the situation. '
June 28, 2014, announced the establishment of Paid Paid Pictures (Hong Kong Limited, the registered capital of HK $ 125 million, or about 100 million yuan, mainly engaged in film investment, production, import, distribution and other services.
Recently, the company also invested in a Paid Pictures (USA Ltd. The registered capital of $ 3,000,000, or about 18.7 million yuan, the company owns 100% of the shares.
Co-productions can participate in the global split
According to the announcement, the cooperation period of three years, for Lionsgate launched Chinese co-productions, Paid bargaining rights have priority, and the investment ratio can reach 43% of the net investment in the production or other mutually agreed proportion. In addition, Lion Gate Films will assist in making co-productions dominated Paid and assist Paid making Chinese movies overseas distribution. At the same time, Paid also enjoy the movie four year partnership with Lionsgate exclusive sales in China Right.
'The reason why Lionsgate hand, the main hope that through cooperation to enhance the level of filmmaking Dianguangchuanmei, while the two sides co-production of the film can be enjoyed Paid global split, which may bring some benefits for the company.' The person said.
Statistics show that Lionsgate was established in 1997, is listed on the NYSE in the United States, is one of the world's largest independent film producers, dedicated production and distribution of films and television program planning and distribution, home entertainment, digital distribution, new channel platforms and international distribution and sales. Lionsgate 2013 revenues of $ 2.708 billion, net income $ 232 million, 2014 revenue of $ 2.63 billion, net profit of $ 152 million.
John McCain is developing music director of the media advisory that the choice of cooperation with Lionsgate, Paid clearly the aim of studying the mentality to go. On the one hand, Chinese film companies have a 'Hollywood' complex, with the hope that a world-class Film industry relationship, cooperation to enhance their production levels by depth, on the other hand, the introduction of release tablets, the world split can bring some benefits to Paid.
John McCain pointed out that while the move in response to China Paid movie 'going out' strategy, look at the 'internationalization', so as to set their own movie brand endorsement.
Previously, Beijing Film Paid stakeholders in an interview with reporters when he said, 'the movie business aspects of considerable importance to the Group, the company will launch several of the main cast of the movie this year.'
Paid said in the announcement, through this cooperation, the company will be a fundamental change in the content business, the formation based on domestic and expand overseas distribution, and through the 'Beijing - Hong Kong, China - USA' Pictures of the linkage, the initial realization of the company content business internationally. Share Lionsgate movie box office receipts worldwide, will increase the company's new profit sources, while improving the company in the domestic movie box office market share. In addition, the company is also beneficial to the familiar and international operational experience accumulated Pictures, the company further expand the global market reserve of talent and experience to do.
Lions Gate or the value of Hunan Satellite TV [microblogging] resources
It is worth mentioning that last year, Wanda [microblogging], revival of international, Alibaba [microblogging] and other domestic giants have an olive branch to the Lions Gate Films, in order to cooperate. Ultimately, Lionsgate has chosen cooperation with Paid, which is why?
In John McCain seems Lionsgate chose Paid, on the one hand, Wanda and Lionsgate are talking about is part of the tender offer, and this partnership Paid only funds, project-level cooperation, and secondly, In the foreigner's view, 'State-owned background' Paid with its own resources, channel edge, third, Lions Gate Films movie stick to the road of youth, which is behind the Hunan Satellite TV Paid temperament and is very consistent.
Previously, Hunan Satellite TV's days of entertainment media, general manager Dani in an interview, said, 'We want to compare the company is close to Lions Gate Films, the production out of the city that is the home of Twilight << >>, << hunger Games >> entertainment company. 'And she claimed to be a day of entertainment media,' the youth culture of the company. '
John McCain believes that contributed Paid partnership with Lionsgate, strength Hunan Satellite TV executives can not be ignored. 'The two sides are not consistent temperament, cooperation can produce a chemical reaction, is certainly the focus of their consideration.'
Chinese authorities are considering a new law that would legitimise massive foreign shareholdings in the country’s technology companies, which have seen billions of dollars pour in from abroad despite a ban on foreign ownership.
This has been achieved via a semi-legal — and risky — regulatory loophole known as Variable Interest Entities, or VIEs. Regulators have turned a blind eye to the practice, but investors are fearful that this could change.
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VIEs are offshore companies that are generally based in tax havens, and are used by groups such as Alibaba, Tencent and Baidu.
In the words of one lawyer, they “simulate ownership” by giving shareholders a contractually agreed cuts of revenues. However, shareholders technically have no ownership rights to the assets of the company and in a dispute with Chinese investors, their shares could be invalidated if they were to sue in a Chinese court.
The new law would offer foreign investors more comfort by legitimising the VIE structure.
It would also help Beijing ensure that foreign-listed companies remained in Chinese hands by allowing a VIE with majority Chinese ownership or control by other means to be declared a Chinese-invested company, rather than foreign-invested, and thus be accorded full rights. “This should allow foreign investors to have more direct control over the assets of these companies,” said Lester Ross, a lawyer at the firm Wilmerhale in Beijing.
The new rules would not overturn the legal prohibitions on foreign investment in strategic sectors such as the internet and education.
“Making the VIEs legal is a big step forward for investors, because when its legal, those contracts should actually become enforceable,” said Paul Gillis, professor of economics at Peking University.
This would give foreign investors legal options in a dispute with Chinese principals, and decrease the risk associated with equity investments.
The new rules are unlikely to be passed into law before next year.
The limits of the VIE was demonstrated graphically in 2011 when Jack Ma, chairman of ecommerce giant Alibaba, was accused of stripping assets such as payments service Alipay out of Alibaba’s VIE structure and putting them under his personal control.
“If this rule had been in effect when Jack Ma took Alipay out of the group, I think the shareholders would have had a basis to try to enforce those contracts, and make him give back the company” said Prof Gillis.
Of over 200 Chinese companies to list in the US since 1999, roughly half have used VIEs, according to Fredrik Oqvist, a Beijing-based accountant.
Robin Li, chairman of Baidu, spoke up for such a law last March, when he told a conference that the lack of a law on VIEs hindered mergers and acquisitions by Chinese companies. “Domestic limitations for VIEs has had a direct impact on thousands of billions of investment and thousands of technology companies, restricting the companies’ development and may even impede overall economic development,” he said.
External Source : FT.com
China's government is easing the restrictions it had placed on companies to invest in foreign assets and that means this: global hotels, particularly those in the upper-tier segments, in gateway markets, will more and more have Chinese owners.
The scenario has already played out, when in October, China’s Anbang Insurance Group agreed to acquire the Waldorf Astoria in New York from Hilton Worldwide for $1.95 billion, a record for a single hotel transaction in the U.S.
In fact, according to a new JLL report, Chinese investors will scoop up $5 billion worth of hotel assets this year, establishing themselves as serious players in the market for hospitality real estate.
The eagerness for global hotel assets has been fuelled by China's Ministry of Commerce slackening controls on outbound investment. According to the Financial Times, as of last October, deals above $100 million no longer require the Ministry's approval.
This will help lead to a boom in Chinese investment. In its investment outlook for 2015, JLL is predicting a 15 percent bump in global hotel transactions to $65 billion to $68 billion. Still, the U.S. and the Middle East will be the biggest exporters of capital for hotel assets. But China could be the third-biggest exporter, said JLL.
"China's continued velocity and buying preferences will shape the future of hotel real estate for some time to come," said JLL.
According to Colin Dyer, CEO of JLL: "As real estate investment reaches the levels last seen before the Great Financial Crisis, we are optimistic about the positive impact of these investments on cities, in part, due to the improved underwriting practices that have been put in place in the last few years. We expect investments to continue to grow because the market is on a sounder footing than it was before the recession and has more robust controls and scrutiny on investments."
Mark Wynne-Smith of JLL told FT.com that the Waldorf Astoria deal is the template for the type of hotel investment Chinese investors want—trophy assets in primary destinations, and no auction in sight. "They have a strong preference for doing direct deals and not participating in competitive situations," said Wynne-Smith. "Once their board has decided there is an asset to be acquired, they have been relatively easy to deal with."
Still, there will be competiton from groups outside of China.
For example, Shanghai-based Jin Jiang International beat out Accor to buy French budget hotelier Groupe du Louvre. And, as FT points out, Fosun, a Shanghai-based conglomerate, battled with Italian investor Andrea Bonomi before winning control of French holiday resort operator Club Méditerranée.
China's Wanda Group is another.
Katharine Le Quesne of Deloitte told FT that, "Chinese investors approaching the UK or European hotel markets for the first time need to get to grips with a diverse marketplace, a competitive transaction environment and a large pool of highly experienced global investors."
There's no doubt that Chinese visitors will help drive global tourism in the coming years—98.2 million traveled abroad in 2013, up 18 percent on the previous year, according to official Chinese figures.
In regard to transactions, JLL said that single assets will be more in demand than portfolios, and that 2015 is shaking up to be China's year.
External Source : FT.com, WSJ, JLL
Speaking at a China-Pakistan Trade and Investment Symposium in Beijing, he said there were several products like cotton, cotton yarn, leather, rice, cereals, animal feed, stones, marble, gems for jewellery, fruits and vegetables where joint ventures could be considered.
He said Chinese companies could join Pakistani entities to develop the agriculture sector for “our common food security”.
The event aimed at enabling participants from Pakistani business and investment community to interact with their Chinese counterparts to expand mutual cooperation and investment, explore opportunities, and promote trade contacts.
The ambassador said both nations had evolved a viable framework and legal architecture to develop their economic cooperation. There are several mechanisms, such as the Joint Economic Commission and Joint Investment Company to allow for meaningful cooperation.
The bilateral Free Trade Agreement signed in 2007 was fully operational, he said and added that a wide trade gap existed but work was in progress on allow easier access of Pakistani imports into China, provide a level playing field for exporters and encourage investment and marketing missions from China for bulk purchases from Pakistan.
Song Jianming, Deputy Director General of the Beijing Municipal Commission of Commerce, said the total import and export commodity trade volume between China and Pakistan during 2014 was very encouraging.
Chinese exports to Pakistan included mobile phones, heat exchange equipment and steel, while imports mainly focused on textile yarn, agricultural products and unwrought copper and copper products.
He said that since this year was a special year of friendship between the two countries set to promote relations by enhancing exchanges, he welcomed Pakistani enterprises and trade delegations to participate with the Chinese counterparts in a series of business activities to be held in China, such as the Canton Fair, Imported Commodities Shopping Festival and E-commerce Seminar, in order to exhibit and purchase commodities.
Earlier, Agha Waqar Javed, Member Public-Private Partnerships of the Planning and Development Department, listed opportunities available when government partnered with the private sector to deliver a project.
A Framework Memorandum of Cooperation between Beijing Zhubang Commercial Centre, Beijing International Economic and Trade Development Association and Punjab Board of Investment and Trade was signed by Lubna Pathan, Director General of the PBIT.
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