Hollywood studio partners with China moviemakers

AP News
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Posted: Aug 15, 2011 12:25 PM

Hollywood studio Relativity Media says it is partnering with two companies to make Chinese films for global audiences and distribute movies in the fast-growing Chinese market.

The partnership teams Relativity with private equity firm SAIF Partners and IDG China Media, an investment arm of Boston-based International Data Group.

Relativity will also distribute future films in China through a joint venture called SkyLand, in which the three companies are co-owners. SkyLand will also invest in local film and TV production.

The companies are working on bringing well-known Chinese folklore tales to the big screen around the world.

SkyLand recently co-produced "Snow Flower and the Secret Fan," a movie inspired by the novel by Lisa See.

Relativity has produced or co-financed more than 200 movies including "Cowboys & Aliens," "Bridesmaids," and "Limitless."