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Chinese studio Huayi Brothers to invest $130 million in new U.S. branch
Chinese studio Huayi Brothers to invest $130 million in new U.S. branch

After dominating mainland China’s 2013 box office with $487.6 million in receipts, Beijing-based studio Huayi Brothers Media Corp. has announced plans to expand into the United States. Huayi Brothers said it plans to invest $130 million to establish a wholly owned subsidiary in the U.S. for producing and distributing movies and TV shows, the company said in a regulatory filing to the Shenzhen Stock Exchange late Monday. It didn’t release any details on the office location or the number of employees it expects to staff its operation. The plan still needs approval from Chinese authorities, the company said. Wang Zhongjun, chairman of Huayi Brothers, has expressed interest...

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