News Corporation buys stake of Chinese film firm
英语课
BEIJING, May 15 (Xinhua) -- Beijing-based Bona Film Group announced Tuesday that News Corporation has signed an agreement to buy 19.9 percent of its stake.
The Beijing-based private film group, listed in the United States, hopes to expand its market abroad through News Corp's distribution networks in North America and experience in film production, said Yu Dong, Bona's president, in a press release.
News Corp is the parent company of 21th Century Fox.
"We have learnt from Hollywood counterparts to bring in strategic investors 1," Yu said. "Through the deal, we would like to improve our production and sharpen competitiveness in the international market."
In 2011, Bona produced 15 films, including the 3D "Flying Swords of Dragon Gate" starring Jet Li and "A Simple Life" whose leading actress Deanie Ip won the Best Actress Award at the Venice International Film Festival in 2011.
After being listed in the US, Bona has worked to upgrade its board, reducing stakes held by venture capitalists and introducing strategic investors which will benefit the company in the future, Yu said.
News Corp's investment is considered a move to tap into booming Chinese film market.
China's box office soared by 28.93 percent to 13.12 billion yuan (2.08 billion U.S. dollars) in 2011.
One of Bona's unique advantages is its vertically-integrated business model, which differentiates 2 the company from other film distributors in China, said Jack 3 Gao, News Corp's chief executive for China investments, in the statement.
n.投资者，出资者( investor的名词复数 )
- a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
- a cash bonanza for investors 投资者的赚钱机会
区分，区别，辨别( differentiate的第三人称单数 )； 区别对待； 表明…间的差别，构成…间差别的特征
- This genus of plants differentiates into many species. 这种植物可分为许多种类。
- Our fax machine differentiates between an incoming fax signal and a voice call. 我们的传真机能区分接收传真信号和语音信号。
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