China's Recon Buys $100m Majority Stake In Millennium Films

HONG KONG (AP) — China's footprint in Hollywood is expanding following a wire and cable maker's purchase of a controlling stake in independent studio Millennium Films, which produced "Rambo" and "The Expendables." The company, based in Yixing near Shanghai, is controlled by Tony Xia, who was a little-known businessman until last year, when he bought struggling English soccer club Aston Villa with ambitious plans to turn it around. In the past year, Chinese companies have sealed deals with entertainment companies including Paramount Pictures, Sony Pictures, Amblin Partners and Dick Cook Studios.

 

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