Chinese firms to invest $1 billion in Paramount Pictures
The Dollar Business Bureau Paramount Pictures, one of the 'big six' in Hollywood, has inked a $1 billion investment deal with two Chinese movie enterprises, Shanghai Film Group (SFG) and Huahua Media. According to the deal, 25% of all films produced by Paramount in the next three years will be financed by these Chinese film making companies. An extension to the fourth year is also a possibility. The deal gives Paramount Pictures an entry point to China's movie screens. Paramount CEO Brad Grey said that the company might also make movies in the country someday. The infusion of such large capital will help Paramount regain some of its lost sheen. It can now produce 15-17 movies a year, which a studio as big must, to stay afloat. Under previous leadership, ...
India, South Korea ink deal to enhance air connectivity
The Dollar Business Bureau India and South Korea have signed an agreement to enhance air services that include increasing the number of flights from 6 to 19 per week and granting additional points of call at Indian airports for the operators of east-Asian country. As per the agreement, South Korean flight operators will be able to access more Indian airports, add passenger capacity for travelers between two countries and use each other as stop-overs to fly to further destinations. Apart from Tokyo and Los Angeles, two additional beyond points of call- Seattle and Vancouver—have been granted for Indian carriers. This will make air services for Indian carriers to the above destinations more economical. Besides, Indian carriers can offer additional options to ...
