Weying Galaxy Announces Investment from Huang's Entertainment Completed
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HONG KONG, April 3, 2017 /PRNewswire/ -- Weying Galaxy Entertainment Limited announced that Huang's Entertainment Holdings Limited, a family assets management company, has completed the investment in Weying Galaxy Entertainment Limited on March 25. Upon completion, Kent Huang who runs Huang's Entertainment will serve on the board of directors as well.
Weying Galaxy is a Hong Kong based joint venture company of China's leading online ticketing and distribution platform Beijing Weying Technology Co., Ltd. Chaired by Johnny Hsu with former US Ambassador Gary Locke as advisor, Weying Galaxy is specialized in foreign film investment and their follow up China box office winning strategy.
Early this year, Weying Galaxy secured a comprehensive partnership between Beijing Weying and Paramount Pictures on the mainland marketing of "xXx: Return of Xander Cage". The box office topped 1.1 billion RMB and surpassed "Transformers: Dark of the Moon" to be the 9th highest gross foreign film in China. Recently, Beijing Weying also announced Weying Galaxy's global stake in Paramount and DreamWorks' live action film "Ghost in the Shell", which was released on March 31 in North America, and will be released on April 7 in China. The deal gives Weying a 10 percent share of global ticket revenue, along with a logo in the film's end credits.
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