Fox Filmed Entertainment says it has invested in its first Chinese film, becoming the latest Hollywood studio to enter the booming mainland movie market.
The Chinese-language romantic comedy "Hot Summer Days" will be a co-production between Fox International Productions, China‘s Huayi Brothers Media Corp. and satellite TV operator Star Television Asia Ltd., Fox and Star said in a joint statement late Tuesday. Fox and Star are both units of media mogul Rupert Murdoch’s News Corp.
"China is undoubtedly one of the most exciting markets in the world today. And we hope this is just the beginning for Fox to make movies in the region," the statement quoted Fox International Productions President Sanford Panitch as saying.
Read more at the Associated Press.