×
You will be redirected back to your article in seconds

China’s Huayi Wants to Continue, Possibly Expand Relations With STX (Report)

Huayi Brothers Media, one of China’s leading film studios, says it wants to renew and expand its relationship with Hollywood’s STX Entertainment.

The stance was expressed by Huayi co-chief James Wang at the Boao conference in Hainan and was reported by Bloomberg. “We’d like to renew and deepen our cooperation with STX beyond slate financing,” said Wang, who also goes by his Chinese name, Wang Zhonglei.

Huayi’s current three-year contract to co-produce and co-finance films with Robert Simonds’ STX runs out at this time next year. Wang’s eagerness to deepen the relationship comes despite STX’s patchy record of hits and misses, and despite possible difficulties stemming from China’s recently imposed capital controls. “It’s fortunate that our overseas business plan is not acquisition-driven, nor are we financial investors, so our needs for foreign exchange are not vast,” Wang said.

He said that the two companies would look at ways to expand cooperation in a broader fashion than the companies’ current deal. “STX has a lot of plans in television and multimedia. They also have a lot of new ideas for the Asian market,” Wang said. “We have had a lot of contacts in this regard.”

Popular on Variety

More Film

  • Marrakech Chief on Selecting Arthouse Films

    Marrakech Chief on Selecting Arthouse Films With a Big Stress on the Word 'Art'

    The 18th edition of the Marrakech Film Festival (Nov. 29-Dec. 7) – one of the leading cultural events in the Africa and Middle East region – will screen 98 films from 34 countries. The fest is also reinforcing its industry presence this year through the second edition of the Atlas Workshops, sponsored by Netflix, which [...]

  • Emma Stone Brad Pitt Damien Chazelle

    Paramount Lands Damien Chazelle's 'Babylon,' Dates It for Christmas 2021

    Paramount Pictures has landed the worldwide rights to Damien Chazelle’s next feature film “Babylon,” sources tell Variety. Insiders add the studio has dated the film for a Dec. 25, 2021 limited release, with plans to go wide on Jan. 7. The release date puts in prime position for another awards season run for Chazelle, who [...]

  • Chris Pratt

    Chris Pratt's Sci-Fi Film 'The Tomorrow War' Gets Release Date

    Chris Pratt’s upcoming sci-fi actioner, which was recently retitled “The Tomorrow War,” has set a Christmas Day 2020 release date. The Paramount film was formerly titled “Ghost Draft.” It follows a man (played by Pratt) who is drafted to fight a future war in which the fate of humanity may rely on his ability to [...]

  • Kim Dong-Ho of GIFF Chairman of

    Inaugural Gangneung Film Festival Pays Tribute to Pierre Rissient

    The opening ceremony of the first edition of the Gangneung International Film Festival was dominated by a tribute to the French film scout and festival selector Pierre Rissient, who died in May 2018. The new festival, 240 km from Seoul, counts former Busan festival co-founder Kim Dong-ho as its chairman and former Bucheon festival head [...]

  • 'Waves': Sterling K. Brown and Trey

    'Waves' Cast Reflects on the Making of the Tragic Family Drama

    “Waves,” a partially autobiographical film written and directed by Trey Edward Shults, is a visually arresting look at the fraying of an upper-middle class black family in South Florida in the aftermath of a violent tragedy. It examines themes of grief, domestic violence, substance abuse and modern-day pressures on kids to succeed. “Propelled by color, [...]

  • Gaston Pavlovich

    Gaston Pavlovich Talks About Producing 'The Irishman'

    Through his production company Fabrica De Cine, Gastón Pavlovich is one of the producers on Martin Scorsese’s two most recent movies: 2016’s “Silence” and 2019’s “The Irishman.” The 51-year-old native of Mexico first gained notice as an executive producer on the Tom Hanks comedy-drama “A Hologram for the King.” Pavlovich also began working with Scorsese [...]

  • Joker

    How 'Joker' Production Designer and Costume Designer Brought New Color to a Familiar World

    The partnership between a film’s production designer and costume designer is an important one. One creates the outfits and the look of the character, the other creates the world that the viewer disappears into. Together, they collaborate to reinforce the visuals of the film. Todd Phillips’ “Joker” is a world where production designer Mark Friedberg [...]

More From Our Brands

Access exclusive content