March 8, 2025 #1 Local News, Information and Event Source for the Century City/Westwood areas.

Steven Spielberg Teams Up with Chinese Film Titan

Steven Spielberg is teaming up with China’s second- richest man in the latest big tie-up between the U.S. film business and a Chinese industry titan, it was reported today.

Amblin Partners, Spielberg’s entertainment company, has signed a pact with Alibaba Pictures, the entertainment arm of Jack Ma’s ecommerce giant Alibaba Group, in a wide-ranging deal that allow the two to co-produce and co- finance movies, the Los Angeles Times reported.

Amblin hopes the alliance with Alibaba will give its movies a leg up in trying to reach the growing audience of Chinese moviegoers. Alibaba is looking to Spielberg to help it become a bigger film business player as China tries to learn from Hollywood and make movies for a global audience, according to the newspaper.

The agreement, announced at a news conference Sunday in Beijing, will also allow Alibaba to take a minority stake in Amblin Partners, which is owned by a consortium that includes DreamWorks, Reliance Entertainment, Participant Media and Entertainment One, The Times reported. An Alibaba representative will have a seat on Amblin’s board of directors.

Financial terms were not disclosed.

“We can bring more China to America and bring more America to China,” Spielberg said at the news conference with Ma, who is worth an estimated $28.8 billion.

Alibaba has previously invested in individual movies, including Paramount Pictures’ “Mission: Impossible — Rogue Nation,” helping to boost the blockbuster’s prospects in China. It was the first Hollywood deal of its kind for Alibaba.

The latest deal comes at a time when Chinese companies, including Dalian Wanda Group, Tencent and Hunan TV are investing heavily in U.S. entertainment assets — a trend that has raised some concern among members of Congress.

Wanda has been the most active. The media conglomerate run by Wang Jianlin, China’s richest man, owns theater chain AMC Entertainment and Burbank film producer Legendary Entertainment and is trying to buy Dick Clark Productions. It recently signed a deal with Sony to invest in some of the studio’s movies, giving Sony access to Wanda’s theatrical and marketing clout.

 

Spielberg

Related Posts

(Video) Where great minds grow at The Willows Community School

March 7, 2025

March 7, 2025

The Willows, a DK-8 co-educational school, enrolls 474 students from 57+ zip codes annually. As a balanced, progressive educational leader, experiential learning,...

West Hollywood Deputies Help Seize $4M in Stolen Goods, Nine Arrested in Retail Theft Bust

March 6, 2025

March 6, 2025

Multi-Agency Operation Recovered Stolen Merchandise From Local Businesses Deputies from the West Hollywood Sheriff’s Department assisted in a major crackdown...

Gov. Newsom Provokes Backlash After Calling Trans Inclusion in Women’s Sports ‘Unfair’ on Podcast

March 6, 2025

March 6, 2025

LGBTQ+ Advocates Condemn Newsom’s Remarks, Calling Them a Betrayal and  Dangerous  California Gov. Gavin Newsom surprised many by expressing concerns...

West Los Angeles Residents Urged to Report Potholes as Road Conditions Deteriorate

March 6, 2025

March 6, 2025

Recent Storms, Heavy Traffic, and Construction Have Worsened Street Conditions The South Brentwood Residents Association noted that Brentwood residents have...

Things to Do: New Movies Opening This Weekend: Sci-Fi, Fantasy, Horror and More

March 6, 2025

March 6, 2025

What’s Hitting Theaters This Weekend—Including Indie Gems at Lumiere Beverly Hills Moviegoers have plenty to choose from this weekend as...

Nude Man Charged in Violent Sawtelle Attack: Faces Prison for Attempted Rape and Child Assault

March 6, 2025

March 6, 2025

Concerned Citizens Stopped the Vicious Attack After Victim Screamed for Help  A Los Angeles man has been charged with multiple...

Missing At-Risk Man with Dementia Last Seen in Culver City on February 20

March 6, 2025

March 6, 2025

67-year-old Edison Banks was last seen near Delmas Terrace The Culver City Police Department (CCPD) is asking for the public’s...

DOJ to Investigate University of California Over Alleged Antisemitic Work Environment

March 5, 2025

March 5, 2025

Federal Probe to Examine Claims of Workplace Discrimination and Hostile Conditions The U.S. Department of Justice (DOJ) has launched a...

Giada De Laurentiis Brings Her Superfood Italian Cooking for Exclusive Book Signing

March 5, 2025

March 5, 2025

Meet the Celebrity Chef and Author Only at Diesel, a Bookstore  On Sunday, March 9th at 3:00 pm, Diesel: A...

Trump’s New Tariffs on Food Imports Expected to Spike Grocery Prices in Southern California

March 5, 2025

March 5, 2025

Fresh Produce Like Avocados, Strawberries, and Tomatoes Could See Immediate Price Hikes Los Angeles area families will likely see an...

(Video) The Opening of All’Antico Vinaio Firenze Beverly Hills at 419 N. Beverly Drive

March 5, 2025

March 5, 2025

Wonderfully fresh Florentine sandwiches with fresh Italian ingredients. La Paradiso is Mortadella, Stracciatella, Pistachio Cream, Pistachio and the #1 sandwich...

Authentic Vietnamese Bánh Mì Pop-Up Returns to West L.A. for One Day Only

March 5, 2025

March 5, 2025

Tra An Cuisine Brings Incredible Sandwiches to Cardinale du Vin This Weekend   Fans of authentic Vietnamese bánh mì will have...

Famed Italian Sandwich Shop all’Antico Vinaio to Open Flagship Location in Beverly Hills

March 5, 2025

March 5, 2025

Legendary Florentine eatery, with its authentic Tuscan Sandwiches, is Expanding All’Antico Vinaio, the internationally acclaimed Florentine sandwich shop, is expanding...

Construction Crew Saves Elderly Woman from Violent Attack in Sawtelle

March 4, 2025

March 4, 2025

Workers Rushed to Stop a Naked Man From Assaulting a Woman A 63-year-old woman was violently assaulted in Sawtelle on...

L.A. City Council Votes on Chief Kristin Crowley’s Appeal, Two Council Members Break Ranks

March 4, 2025

March 4, 2025

Crowley Pushed Back on Bass’ Claims About the Palisades Fire Response The Los Angeles City Council voted Tuesday to deny...