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China Approves Privately Financed TV & Film Production Company
According to Pacific Epoch...
The State Administration of Radio Film and Television (SARFT) has approved the launch of China’s first privately financed TV and film production company, China Business News reports. According to Oriental Legend International Media general manager Yuan Xiaobo, the new company, Beijing Oriental Legend International Media, was established by Beijing Enlight Media, Beijing Fu Yuan Shi Xian, Beijing Jin Tian Di and several other companies. The company has 50 million Yuan in registered capital. Yuan said that Oriental Legend International Media has received a license to produce TV series from SARFT and is currently negotiating with Sony and China Film Corporation to set up a movie production joint venture.
Posted By: AH
