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Hollywood stake - ResearchInChina

Date:2010-09-29liaoyan Text Size:

THE Hollywood production house behind hits including "Clash of the Titans" and "Inception" has sold a 3.3 percent stake to a Chinese studio for US$25 million.

China's Orange Sky Golden Harvest Entertainment (Holdings) Ltd announced the deal with California-based Legendary Pictures in a statement sent Monday to the Hong Kong Stock Exchange, where the Chinese studio is listed. The investment allows Orange Sky to appoint one of Legendary Pictures' six directors.

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