China’s Bliss Media has acquired a majority stake in Insiders, the international sales company that launched last year in Cannes. Bliss, which sports offices in Shanghai and Los Angeles, is a co-financing, co-production and distribution company in China.
The deal with Bliss will allow Insiders to access more capital in order to attract and sell top-level projects as well expand its global reach. Insiders will also start selling movies financed and produced by Bliss Media, including English-language as well as Chinese films.
Insiders’ slate includes Pablo Larrain’s “Jackie” with Natalie Portman, and Michael Mann’s “Enzo Ferrari,” which Paramount Pictures acquired for the U.S.
“This furthers our goal of becoming a Chinese film company with the ability to distribute globally,” said Wei Han, managing director and CEO of Bliss Media. “Our interest in Insiders will strengthen the alliance of Bliss Media in the international film industry, as we seek cooperation and expansion in markets outside of China.”
CAA brokered the deal on behalf of Bliss Media and Insiders.