WPP Group Plc
Warner Bros., Brett Ratner cut deal to create Chinese investment fund
Warner Bros. is partnering with filmmaker Brett Ratner and two Shanghai-based companies to create a fund that will invest in film, television and live entertainment projects targeting Chinese audiences.
The entity, called the Creative Fund, will be capitalized "in excess of $100 million," according to a person with knowledge of the matter who was not authorized to comment publicly.
For Burbank-based Warner Bros., the deal is seen as a way to cultivate relationships in China's creative community, this person said.
The studio's Chinese partners in the pact are CMC Capital Partners, a state-backed private equity firm; and Shanghai Media Group, a media...
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