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Chinese Government Backed Film Fund Offers Opportunities in Hollywood(February 07, 2012)
LOS ANGELES, CA -- (Marketwire) -- 02/07/12 -- China Mainstream Media National Film Capital Hollywood Inc., the U.S. division of China National Film Capital Co. Ltd., is the first specialized China film fund officially licensed by the Beijing government. The film fund will play a prominent role in China and Hollywood feature film business. Mr. Yang Bu Ting, former chairman of China Film Group, is currently chairman of China (government) Film Promotion International and the supervisor of China Film Foundation, serves as the Chairman of the film fund company.
The focus of the film fund will be to co-finance and co-produce the projects which have large box office potential in the world marketplace including China. These types of projects will allow more films to reach the ever-growing China market.
Fund backers include high profile investors such as the China Film Foundation, which is a government entity. Seasoned executives joining the fund's executive team and advisory board include Li Qian Kuan, Chairman of China Film Foundation; He Xiao Feng, a leading economist specializing in funds management and structuring in China and the Dean of Beijing University's Financing Department of economic school; Wang Guo Wei, the Vice Chairman of China Film Foundation; Liu Yuan, international media sales expert, former Siemens high-level executive, led Siemens 2 billion USD annual sales alone in China; and former JP Morgan Asia General Manager, Zhao Yuan Jun.
"The strong government support and the extensive knowledge of the company's executives in film, financing and marketing enable the company to become a major film fund supporting top level films in both China and the U.S. With a Western movie-making approach and a management supported by financing from China, the company will become a gateway partner to Hollywood," said Mr. Yang.
About China Mainstream Media National Film Capital Hollywood Inc.:
China Mainstream Media National Film Capital Hollywood Inc. is a media company with strong Chinese government support. The company has offices both in Beijing and Beverly Hills. Its executive team is focused on co-financing and co-producing top level international films. The company serves as a turnkey gateway partner for Hollywood.
China Mainstream Media National Film Capital Hollywood Inc.
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