China’s Huayi Brothers to Acquire Ticketing Company

SHANGHAI — Huayi Brothers Media is to acquire a controlling stake in online ticketing company Shenzhen Huayu Communications Technology.

Huayi, one of China’s leading film production and distribution companies, is to pay RMB 266 million ($42.9 million) for a 51% stake in the firm which trades as Maizuo.

The move is intended to counter-balance Huayi’s traditional film activities, expand its Internet businesses and dilute the dependence of its digital business unit on games.

Huayi also has a growing cinema exhibition unit.

More Biz

  • Matt Sawin Capitol Music Group

    Caroline Names Matt Sawin Executive VP

    SHANGHAI — Huayi Brothers Media is to acquire a controlling stake in online ticketing company Shenzhen Huayu Communications Technology. Huayi, one of China’s leading film production and distribution companies, is to pay RMB 266 million ($42.9 million) for a 51% stake in the firm which trades as Maizuo. The move is intended to counter-balance Huayi’s […]

  • Universal Music Group

    Universal Music Launches Nigerian Division

    SHANGHAI — Huayi Brothers Media is to acquire a controlling stake in online ticketing company Shenzhen Huayu Communications Technology. Huayi, one of China’s leading film production and distribution companies, is to pay RMB 266 million ($42.9 million) for a 51% stake in the firm which trades as Maizuo. The move is intended to counter-balance Huayi’s […]

  • Bruno Mars Grammys

    Recording Academy Announces Date, Deadlines for 2019 Grammy Awards

    SHANGHAI — Huayi Brothers Media is to acquire a controlling stake in online ticketing company Shenzhen Huayu Communications Technology. Huayi, one of China’s leading film production and distribution companies, is to pay RMB 266 million ($42.9 million) for a 51% stake in the firm which trades as Maizuo. The move is intended to counter-balance Huayi’s […]

  • The Matcha Bros

    Ansel Elgort, Diplo, Billie Eilish and Von Miller Invest in MatchaBar Energy Drink

    SHANGHAI — Huayi Brothers Media is to acquire a controlling stake in online ticketing company Shenzhen Huayu Communications Technology. Huayi, one of China’s leading film production and distribution companies, is to pay RMB 266 million ($42.9 million) for a 51% stake in the firm which trades as Maizuo. The move is intended to counter-balance Huayi’s […]

  • Ron Burkle

    Ron Burkle Sues Lantern Capital Over Weinstein Co. Costs

    SHANGHAI — Huayi Brothers Media is to acquire a controlling stake in online ticketing company Shenzhen Huayu Communications Technology. Huayi, one of China’s leading film production and distribution companies, is to pay RMB 266 million ($42.9 million) for a 51% stake in the firm which trades as Maizuo. The move is intended to counter-balance Huayi’s […]

  • Netflix Reed Hastings

    Netflix Falls Short of Q2 Subscriber Expectations Worldwide, Stock Dives

    SHANGHAI — Huayi Brothers Media is to acquire a controlling stake in online ticketing company Shenzhen Huayu Communications Technology. Huayi, one of China’s leading film production and distribution companies, is to pay RMB 266 million ($42.9 million) for a 51% stake in the firm which trades as Maizuo. The move is intended to counter-balance Huayi’s […]

More From Our Brands

Access exclusive content