The La-based studio took another stride forward in its global ambitions as founder Bob Simonds confirmed on Thursday “significant strategic investments” from the Asian powerhouses.
Hong Kong-based telecoms, It and media company Pccw and China’s online products and services titan Tencent Holdings have acquired undisclosed stakes in Stx.
Pccw has signed a distribution pact through which Stx will siphon first-run “Hollywood content” and the parties will jointly create regionally tailored programming for Pccw’s TV, digital and Ott platforms in Hong Kong, Southeast Asia and India.
Stx also has a content partnership with Tencent. The company’s R-rated comedy Bad Moms (pictured) has grossed $57.8m after ten days of release in North America.
According to The La Times the deal combines with a recent credit facility hike that gives Stx access to approximately $700m and values the studio at $1.5bn.
Stx has also received new investment from East West Bank chairman Dominic Ng, who joins the...
Hong Kong-based telecoms, It and media company Pccw and China’s online products and services titan Tencent Holdings have acquired undisclosed stakes in Stx.
Pccw has signed a distribution pact through which Stx will siphon first-run “Hollywood content” and the parties will jointly create regionally tailored programming for Pccw’s TV, digital and Ott platforms in Hong Kong, Southeast Asia and India.
Stx also has a content partnership with Tencent. The company’s R-rated comedy Bad Moms (pictured) has grossed $57.8m after ten days of release in North America.
According to The La Times the deal combines with a recent credit facility hike that gives Stx access to approximately $700m and values the studio at $1.5bn.
Stx has also received new investment from East West Bank chairman Dominic Ng, who joins the...
- 8/11/2016
- by jeremykay67@gmail.com (Jeremy Kay)
- ScreenDaily
The La-based studio took another stride forward in its global ambitions as founder Bob Simonds confirmed on Thursday “significant strategic investments” from the Asian powerhouses.
Hong Kong-based telecoms, It and media company Pccw and China’s online products and services titan Tencent Holdings have acquired undisclosed stakes in Stx.
Pccw has signed a distribution pact through which Stx will siphon first-run “Hollywood content” to Pccw, while the parties will jointly create regionally tailored programming for Pccw’s TV, digital and Ott platforms in Hong Kong, Southeast Asia and India.
Stx, whose R-rated comedy Bad Moms (pictured) has grossed $57.8m after ten days of release in North America, also has a content partnership with Tencent.
According to The La Times the deal combines with a recent credit facility hike that gives Stx access to approximately $700m and values the studio at $1.5bn.
Stx has also received new investment from East West Bank chairman Dominic Ng, who joins the...
Hong Kong-based telecoms, It and media company Pccw and China’s online products and services titan Tencent Holdings have acquired undisclosed stakes in Stx.
Pccw has signed a distribution pact through which Stx will siphon first-run “Hollywood content” to Pccw, while the parties will jointly create regionally tailored programming for Pccw’s TV, digital and Ott platforms in Hong Kong, Southeast Asia and India.
Stx, whose R-rated comedy Bad Moms (pictured) has grossed $57.8m after ten days of release in North America, also has a content partnership with Tencent.
According to The La Times the deal combines with a recent credit facility hike that gives Stx access to approximately $700m and values the studio at $1.5bn.
Stx has also received new investment from East West Bank chairman Dominic Ng, who joins the...
- 8/11/2016
- by jeremykay67@gmail.com (Jeremy Kay)
- ScreenDaily
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