China's Tencent Buys Film Studio New Classics Media for $2.25B - Hollywood Reporter

Hollywood Reporter

China's Tencent Buys Film Studio New Classics Media for $2.25B Hollywood Reporter The deal brings together one of China's largest original content development platforms with one of the country's top video production outfits. The agreement was unveiled Monday to the Hong Kong Stock Exchange, where China Literature trades. Tencent spinoff China Literature to buy New Classics Media for $2.2B in content consolidation playTechCrunch all 18 news articles »

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