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Press - THR/TMP-CG


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Press - THR/TMP-CG


CHINA-CONNECTED FIRM TANG MEDIA PARTNERS ACQUIRES CHAOTIC GOOD STUDIOS

Donald is one of the most trusted and well-respected entrepreneurs at the intersection of Hollywood and China and it is a privilege for our team to become a part of the TMP family
— Luke Ryan

Growing Los Angeles-based entertainment company Tang Media Partners has acquired Luke Ryan's content developer Chaotic Good Studios for an undisclosed sum.

The announcement was made Wednesday by TMP chairman and CEO, Donald Tang. Ryan has been appointed to the newly created position of chief creative officer at Tang Media Partners and will stay on as Chaotic Good's CEO.

Chaotic Good is best known for its proprietary Fanalytics service, which provides data to film, TV and gaming studios about audience engagement and behavior.

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Press - THR/IMG-China


Press - THR/IMG-China


CHINA'S BUYING SPREE TAKES NOVEL TURN IN IM GLOBAL DEALS

“It’s a powerhouse partnership,” says one attorney of Tang Media Partners’ majority ownership of the foreign sales and film finance company, which will include joint ventures with Chinese media giant Tencent.
— Patrick Brzeski and Pamela McClintock

"It's a powerhouse partnership," says one attorney of Tang Media Partners' majority ownership of the foreign sales and film finance company, which will include joint ventures with Chinese media giant Tencent.

On June 2, Tang Media Partners revealed it had acquired majority ownership of IM Global, the Los Angeles film financing, production and foreign sales outfit led by former Miramax exec Stuart Ford.

The deal marks the first time an entity with such deep ties to the Chinese industry has come to control a major foreign sales and film finance company.

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Press - FT/Donald Tang


Press - FT/Donald Tang


FLURRY OF DEALS INVOLVING TENCENT, DALIAN WANDA AND OTHERS REFLECTS NEW INTEREST IN CONTENT

Tang Media Partners, created by businessman Donald Tang and backed by Tencent, the Chinese internet group, last week announced the purchase of IM Global, a Hollywood film financier and sales agency, in a deal that also involved Li Ruigang’s China Media Capital and the Huayi Brothers media group.
— Matthew Garrahan in New York and Henny Sender in Hong Kong

Bullish international investors have long ignored screenwriter William Goldman’s warning that “Nobody knows anything” about success in Hollywood.

Over the past 25 years, investors from Japan, France and later India have arrived in the entertainment industry capital in waves, convinced that their cash and know-how could unlock untapped Tinsel Town riches.

Now it's China's turn, with its companies involves in a flurry of recent Hollywood deals. 

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Press - FT/IMG


Press - FT/IMG


CHINA STEPS UP INVESTMENT IN HOLLYWOOD

Content will always be king, but international distribution is increasingly important to both Hollywood and China.
— Donald Tang

A young Chinese-US company backed by internet group Tencent and two mainland media firms is to buy control of IM Global, a Hollywood film and TV studio. 

Tang Media Partners, created by Donald Tang, a businessman, has joined CMC and Huayi Brothers to buy the studio from the Reliance group of Anil Ambani, the Indian businessman. 

Mr Tang, a former head of Bear Stearns in Asia, is also partnering with IM Global and Tencent to form a TV Joint Venture that will include Reliance and produce and distribute television content. 

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Press - Variety/IMG


Press - Variety/IMG


IM GLOBAL SOLD TO TANG MEDIA, LAUNCHES TV VENTURE WITH CHINA'S TENCENT

These are landmark deals for our company. In addition to injecting significant growth capital into our fast-growing film and television operations, this puts us in business with one of the most seasoned and respected entrepreneurs on the Hollywood-China axis in Donald Tang.
— Stuart Ford

Donald Tang's Tang Media Partners has acquired a majority ownership of IM Global, the international sales and production finance business headed by Stuart Ford. 

TMP will also back a move to establish a new television production joint venture with China's Tencent, IM Global and Reliance Entertainment, the India-based media investor that was IM Global's majority owner prior to the Tang acquisition.

Deal terms were not announced, but sources point to the deal valuing IM Global at some $200 million. Reliance invested in IM Global in 2010 and previously controlled some 70% of the company. Following the new capital injection, Ford and Reliance are understood to retain significant minority interests of roughly equal size.

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Press - THR/IMG


Press - THR/IMG


IM GLOBAL ACQUIRED BY TANG MEDIA PARTNERS, LAUNCHES TV JOINT VENTURE WITH TENCENT

U.S.-Chinese company Tang Media Partners has acquired a controlling stake in foreign sales, financing and production company IM Global.
— Patrick Brzeski

U.S.-Chinese company Tang Media Partners has acquired a controlling stake in foreign sales, financing and production company IM Global. 

TMP is acquiring the stake from India's Reliance Group, which bought into IM Global in 2010. The size of the share wasn't disclosed. 

Stuart Ford, who established IM Global in 2007, will retain his role as CEO. TMP founding partner, Donald Tang, is now the executive chairman of the IM Global board. 

In a parallel transaction IM Global and TMP have partnered with Chinese tech giant Tencent on a new television production joint venture that will operate under the recently launched IM Global Television banner and includes a dedicated television production investment fund.

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Press - Variety/C100


Press - Variety/C100


CHINESE FILMS NEED RIGHT 'SYNTAX' TO WIN OVER AMERICANS, STX CEO ROBERT SIMONDS SAYS

Donald Tang, the prominent Chinese-American investor who moderated the panel, asked whether there was a chance that the large Chinese investments in the American entertainment industry could be as ephemeral as past forays by the Japanese, French and others.
— James Rainey

Collaboration between the Chinese and American film industries will continue to increase, but a gap still needs to be closed before Chinese stories and intellectual property win over audiences in America and the West, executives and financiers said during a conference in Beverly Hills on Saturday.

Jim Gianopulos, chairman and CEO of 20th Century Fox, said during the C-100 Conference, that America’s multi-cultural roots have spawned films that appeal to audiences from varied backgrounds. Without that tradition, it’s more difficult for the Chinese to create films that appeal globally, said Gianopulos.

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Press - Variety/China


Press - Variety/China


More china-us deals on the way, say top execs

Hollywood needs China for market and financing and China needs Hollywood to learn how to tell stories ... the West has an insatiable appetite for Chinese stories; it just hasn’t been expressed in the right way.
— Donald Tang

The entertainment industry is getting ready for more deals in the explosive Chinese market.

That was the bottom line Monday from the U.S.-China Film and TV Industry Expo at the Los Angeles Convention Center as a variety of execs cited an increased familiarity with how the two countries operate.

“There’s a willingness on both sides to engage in a meaningful way,” Lionsgate’s chief operating officer Brian Goldsmith said during an Art of Dealmaking panel. “There’s that intangible feeling that you can do more business.”

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Press - FT/USChina


Press - FT/USChina


China will need to rely on intermediaries to succeed in Hollywood

Of course, the Chinese are not the first to succumb to the lure of Hollywood. But whether they succeed will depend on their willingness to accept a reliance on intermediaries and co-investors, such as Mr. Tang.
— Henny Sender, Financial Times
 

A lot of Chinese money has already found its way into California. In the past year Chinese investors have put billions into Silicon Valley companies including Uber, Airbnb and LinkedIn. 

Last week Relativity Media, a Hollywood film studio, filed for bankruptcy protection. But even before its fall from grace, Chinese companies including Alibaba Pictures, Baidu, Dailan Wanda, Tencent, and Huayi Brothers Media Corp had been eyeing the business closely. 

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Press - Deadline/STXHuayi


Press - Deadline/STXHuayi


STX Entertainment Pacts With China’s Huayi Bros For 12-15 Pics Per Year

Key to the deal was Tang Media Partners Donald Tang, who is the former chairman of Bear Stearns Asia and has done business who has strong relationships both inside the U.S. and with most major players in China. (for instance, Tang was involved in the mega Wanda/AMC deal).
— Anita Busch & Nancy Tartaglione, Deadline Hollywood

STX Entertainment has just established itself as a force to be reckoned with. The company today officially sealed a deal with China's largest privately held film firm, Huayi Brothers Media Corp, in a three-year pact that begins in 2016 for 12-15 projects per year. Deadline understands the deal is to be structured as a revolving line of credit estimated at upwards of $1 billion for films to be co-produced and distributed with Huayi. There are a number of titles that have already been approved, but have yet to be announced. Although the relationship between the parties begins immediately, STX will not see its slate ramp up until next year. 

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Press - Wrap/STX


Press - Wrap/STX


STX Entertainment Chief Robert Simonds on Why He’s Spending $750 Million Making Movies This Year: ‘We Believe in It’

Donald’s expertise is he’s a spectacular bridge to two cultures … he said, “I think there’s an opportunity to bring Huayi into what we’re doing.” Donald said, “Let’s see if we can do a transaction.” Five months later we closed and fully funded. He was the secret sauce.
— Robert Simonds, STX

Simonds tells TheWrap: "We are throwing a lot of capital around, but we believe in it"

STX Entertainment Chairman Robert Simonds announced on Wednesday that he had partnered with China's Huayi Brothers to finance and produce an expanded slate of movies - up to 15 feature films a year - further boosting the firepower behind his year-old STX Entertainment.