from China: Enlight Media Increases Eleven Percent Stake in Maoyan Culture
Enlight Media Increases Eleven Percent Stake in Maoyan Culture According to an announcement made by Enlight Media on September 5 (Beijing Time), the company will acquire 11.11 percent stake in Tianjin Maoyan Culture Media, the operator of China’s top online ticketing platform Maoyan.com. After this transaction, Enlight Media will own 30.11 percent of Maoyao’s stake in total. In addition to providing online ticketing services, Maoyan is also a platform for users to socialize with each other, for distributors to promote films, and for merchandisers to sell products. By increasing its investment in Maoyan Culture, Enlight Media aims to increase its leverage within China’s entertainment industry and expand itself in the internet arena. Tsui Hark to Direct Louis Cha’s Wuxia Story ‘The Return of the Condor Heroes’ Acclaimed filmmaker Tsui Hark (‘A Better Tomorrow’, ‘The Ticketing of Tiger Mountain’, ‘Journey to the West: The Demons Strike Back‘) will bring Louis Cha’s classic ...