Chinese Fund Bets $100M on Hollywood Directors Amid Fraught US Relations

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Reprinted from The Hollywood Reporter by Patrick Brzeski on August 28, 2017.

China might be escalating its crackdown on investment into Hollywood, but at least one bold film company with Middle Kingdom roots is forging ahead undeterred.

Starlight Culture Entertainment Group, a China-backed firm with offices in Hong Kong and Beverly Hills, has launched a $100 million development fund to enlist veteran Hollywood directors. And the company has already discretely done a series of deals with an impressive roster of in-demand filmmakers, including F. Gary Gray (The Fate of the FuriousStraight Outta Compton), Roland Emmerich (Independence Day: ResurgenceThe Day After Tomorrow) and Jon M. Chu (Now You See Me 2G.I. Joe Retaliation).

Starlight says it also is raising a large second fund among Hong Kong and mainland Chinese investors to finance the projects that ultimately emerge from the development tie-ups.

Not unlike Dalian Wanda Group, the once high-flying company that bought AMC Entertainment and Legendary Pictures, Starlight’s origins are in Chinese real estate.  …

The Hollywood Reporter 8/28

About Jeffrey Burman 1875 Articles

Jeff Burman represents assistant editors on the Guild’s Board of Directors. He can be reached at jeffrey.s.burman.57@gmail.com.

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