"Paramount Pictures has revived its $1 billion slate deal with two Chinese media companies, which was presumed dead last month, according to several sources.
The studio’s new Chairman and CEO Jim Gianopulos, who took over the studio in March, traveled to Beijing last week to try and resurrect the deal with Shanghai Film Group and Huahua Media.
He was accompanied on the trip by a Viacom executive as well as some Paramount colleagues, including worldwide marketing and distribution president Megan Colligan.The Paramount team was there to promote this summer’s tentpole sequel “Transformers: The Last Knight” at the Beijing International Film Festival.
...Though listed on the Shanghai stock exchange, Shanghai Film Group remains majority state-owned..."
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