China extends Hollywood push with $1 billion Paramount investment | International News Live Blog

https://internationalnewsliveblog.wordpress.com/2017/01/20/china-extends-hollywood-push-with-1-billion-paramount-investment/

NEW YORK (Reuters) – Viacom Inc’s Paramount Pictures will receive a $1 billion cash investment from two Chinese film companies, Shanghai Film Group (SFG) and Huahua Media, giving the U.S. studio much-needed cash and support as it attempts to grow. http://internationalnewslive.com/china-extends-hollywood-push-with-1-billion-paramount-investment/