Chinese billionaire Jack Ma strikes deal with Hollywood mega-director Steven Spielberg to bring Hollywood to the world's most populous country

[ad_1]

It’s an alliance of titans that would make for great movie material.

Steven Spielberg, Hollywood’s highest grossing film director, and Jack Ma, China’s richest man, are teaming up to bring American cinema to the world’s most populous country.

Ma’s company, Alibaba, is buying a stake in Amblin Partners, the production studio backed by Spielberg, with the goal of marketing and distributing films internationally and in China, Bloomberg reported.

The deal represents Ma’s most ambitious foray to date into the world of film.

Steven Spielberg (left) and Jack Ma (right) attend an event to announce the partnership between Alibaba Pictures Group Limited and Amblin Partners in Beijing on Sunday

Steven Spielberg (left) and Jack Ma (right) attend an event to announce the partnership between Alibaba Pictures Group Limited and Amblin Partners in Beijing on Sunday

The news is considered significant because it is being consummated at a time when Ma’s native land, China, is exhibiting an increasingly large appetite for American-made movies.

Ma has only thus…

[ad_2]

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *