×
You will be redirected back to your article in seconds

U.K.’s Ingenious, China’s Hejing Form $200 Million Joint Venture

U.K. finance house Ingenious Media, which backed last season’s Oscar contenders “Brooklyn” and “Carol,” as well blockbusters “Avatar” and “Life of Pi,” has formed a joint venture with China’s Hejing Culture to produce and co-finance a slate of independent films in a deal worth $200 million.

The deal comes two years after a landmark U.K.-China co-production treaty was signed by U.K. culture minister, Ed Vaizey, and China’s State Administration of Radio, Film and Television Vice Minister, Tong Gang.

Neil Forster, CEO of Ingenious, said: “Ingenious has developed a reputation as a leading player in the global film and television industry over the last 18 years. The global market for entertainment content is experiencing an exciting period of change — from the seismic shifts in individual consumption patterns to the unprecedented growth in China. Any long-term global growth strategy has to involve an alignment with the right kind of partners, and we couldn’t be more delighted to be working alongside Hejing to continue to bring high-quality entertainment to global audiences.”

Zhang Aiyi, CEO of Hejing Culture, said: “As a leading culture company under the SARFT system, Hejing has played a very important role in saving traditional Chinese culture by editing and republishing some of the most distinguished Chinese books from ancient times. Now that we have collected and have ownership of such important Chinese stories and their associated rights, it’s time to go international and show the world the charm of Chinese content and Chinese story-telling.

“We’re so honoured to launch this program of internationalization by partnering with Ingenious, a wonderful film company with an unbelievable track record. I truly believe we can co-develop some great western and eastern film and TV projects together.”

More Film

  • Bo Burnham34th Film Independent Spirit Awards,

    Bo Burnham Wants 'Eighth Grade' Star Elsie Fisher to Direct Him

    Bo Burnham won his third award in three weeks for “Eighth Grade” at the Spirit Awards and said he wants the film’s 15-year-old Elsie Fisher to direct him. “I’d love to work with Elsie again,” Burnham said backstage after winning the Best First Screenplay trophy.  “She wants to direct so I’d love to switch roles [...]

  • Nicole Holofcener: 'Can You Ever Forgive

    Nicole Holofcener: 'Can You Ever Forgive Me?' Director Was Cheated Out of an Oscar Nomination

    “Can You Ever Forgive Me?” screenwriter Nicole Holofcener offered a blunt assessment of the lack of Academy Awards recognition for director Marielle Heller, and women directors everywhere. “I feel Marielle was cheated and I feel badly about that,” Holofcener said backstage after winning a Spirit Award for screenplay with Jeff Whitty. Holofcener was originally attached [...]

  • Stephan James as Fonny and Brian

    2019 Indie Spirit Awards Winners: Complete List

    The 2019 Independent Spirit Awards took place on a beach in Santa Monica, Calif., with Barry Jenkins’ “If Beale Street Could Talk” taking the top prize for best feature along with best director for Jenkins. Ethan Hawke and Glenn Close took the prizes for best male lead and best female lead, respectively. Bo Burnham took [...]

  • Oscars Oscar Academy Awards Placeholder

    Hated It! How We Learned to Stop Worrying and Gripe About the Oscars

    Watching the Academy Awards telecast, then grousing about it the next day, has become a hipster parlor game — it’s what the Complete Oscar Experience now is. The complaints are legion, and we all know what they are, because we’ve all made them. The show was too long. The host bombed. His or her opening [...]

  • Boots Riley arrives at the 34th

    Boots Riley: Spike Lee Yelled at Me After 'BlacKkKlansman' Criticism, But We're Good Now

    “Sorry to Bother You” director and musician Boots Riley, who wrote a scathing criticism of Spike Lee’s “BlacKkKlansman” for its positive representation of law enforcement, said that he and the “Do the Right Thing” auteur are good now. But it took some time (and drama) to get there. Last year, Riley called Lee’s Oscar-nominated “BlacKkKlansman” [...]

More From Our Brands

Access exclusive content