Sunday, June 22, 2014

Jeff Robinov Finds Financing From China's Fosun International ...

Jeff Robinov Finds Financing From China's Fosun International - The Hollywood Reporter Fosun did not reveal the size of its investment, but did say, "it will exercise significant influence over the distribution arrangements of movies produced by Studio 8 in the mainland of China, Hong Kong, Macau and Taiwan regions." It is believed Robinov has been looking to raise about $250 million in China and that the complete package of equity and debt he is assembling will amount to $1 billion. Although the Huayi Brothers, with whom he had earlier discussion, are not part of that package, they may become involved in future talks about future distribution opportunities. Sony Pictures is also expected to make an equity investment in Robinov's new venture in exchange for the distribution rights to the films he will produce. In a separate release that followed the filing, Robinov said, " “We are happy to partner with Fosun, a well-respected Chinese company with global investment capabilities. Both China and the U.S. possess the film markets with the most influence and potential and we are excited to unite the markets, teams, technologies and respective advantages and work together on building a number of top-level films including co-production films between China and other countries.” Fosun Group was founded in 1992 in Shanghai, and its parent company Fosun International has been listed on the Hong Kong Stock Exchange on 16 July 2007. The company is involved in insurance, industrial operations, investment and asset management and has previously made investments in Focus Media and the Bona Film Group. International Asia Jeff Robinov 12 1 0 0 Email Print Photo GalleryView Gallery35 of 2014's Most Anticipated Movies: 'X-Men: Days of Future Past,' 'Mockingjay,' 'Spider-Man 2' Taylor Schilling, Zooey Deschanel, Mindy Kaling on Fake-Peeing, Showering With Co-Stars and Rude FansTop GalleriesGone Too Soon: 8 Oscar Winners and Nominees Who Met Tragic Ends (Photos) Meet the 'Star Wars: Episode VII' Cast (Photos) Vintage Malibu: Elizabeth Taylor, Marilyn Monroe on the Beach (Photos) If the World Cup Were a Movie: Christian Bale as Lionel Messi, and 11 Other Casting Ideas (Photos) Hollywood's Notable Deaths of 2014 (Photos) In This Week's MagazineThe Drive (and Despair) of The RockMore from this issueSubscribe NowGive a GiftFrom the Galleries PHOTOS: MuchMusic Video AwardsLorde performed at Sunday night's show. View gallery Annecy Animated Film Festival Preview: From Sm...Now in its 54th year, the weeklong French festival features premier... View gallery PHOTOS: If the World Cup Were a MovieTHR casts Hollywood A-listers to play soccer's biggest stars. View gallery PHOTOS: Hollywood's Biggest Soccer FansOscar winner Tom Hanks proudly displays Villa's colors. View gallery See More Galleries You've Come a Long Way, Hercules Christina Aguilera And Her Baby Belly Want To Help Keep Your Lips Healthy 'True Blood' Newbie? We've Got Your Vampire Explainer Here Jennifer Lawrence, Liam Hemsworth & Josh Hutcherson Finish Filming ‘Mockingjay' With A Hug Pearl Jam Rocks Out to Frozen’s ‘Let It Go’ in Milan Sam Smith Had to Cancel a Performance Because His Voice Is Gone Maleficent Is Angelina Jolie’s Highest-Grossing Film Ever The Kardashians Threw a ‘Kidchella’ for North’s First Birthday Party Donnie Wahlberg & Jenny McCarthy's Wedding Will Include Their Three Sons in a Big Way Keira Knightley Says She's Often Mistaken for Natalie Portman & 'Feels Quite Sorry For Her' Jessica Simpson Shares Sexy Pose for Hubby Eric Johnson! Daytime Emmy Awards 2014 Live Stream - Watch Red Carpet & Full Show Here! What's Hot On The Hollywood ReporterHollywood's Notable Deaths of 2014View gallery'Big Brother 16': Meet the Houseguests (Photos)View galleryWorld Cup 2014: The 32 Biggest Global Stars (Photos)View galleryMeet the 'Star Wars: Episode VII' Cast (Photos)View gallery

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The company announced its commitment in a filing with the Hong Kong Stock Exchange.

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