China’s vast Alibaba Digital Media and Entertainment Group (Adme) on Monday announced plans to inject $640 million into Hong Kong’s entertainment industry, with funds to be spread across movies, TV dramas, events and training for the city’s emerging artists.
The “Hong Kong Cultural and Art Industry Revitalization Program” was launched during the first day of Hong Kong’s annual Filmart industry gathering and claims to have hooked Alibaba up with a slew of major local players, including Edko Films, Media Asia Group, One Cool Group, Tvb, Shaw Brothers Pictures and Emperor Motion Pictures.
Among the initiatives announced was a plan to fund schooling through Alibaba Pictures for 20 local filmmakers at the Hong Kong Baptist University Academy of Film.
The move was welcomed by the Hong Kong government, which has placed the development of its entertainment industry at the heart of recent promotional and economic policies.
“We eagerly hope...
The “Hong Kong Cultural and Art Industry Revitalization Program” was launched during the first day of Hong Kong’s annual Filmart industry gathering and claims to have hooked Alibaba up with a slew of major local players, including Edko Films, Media Asia Group, One Cool Group, Tvb, Shaw Brothers Pictures and Emperor Motion Pictures.
Among the initiatives announced was a plan to fund schooling through Alibaba Pictures for 20 local filmmakers at the Hong Kong Baptist University Academy of Film.
The move was welcomed by the Hong Kong government, which has placed the development of its entertainment industry at the heart of recent promotional and economic policies.
“We eagerly hope...
- 3/11/2024
- by Mathew Scott
- The Hollywood Reporter - Movie News
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