Friday, January 26, 2018

Skydance Media Gets Investment From Tencent

Los Angeles-based Skydance Media, a media company which creates feature films, vidoegames, television, and other digital media,has received an investment from Tencent Holdings Limited. Financial details of the strategic investment were not announced. According to Skydance, the deal will allow it to access Tencent's experience in Asia and gaming, and also calls for Tencent to co-finance Skydance's films and market its merchandise in China, in addition to working together on television, interactive and virtual reality. Skydance is led by founder and CEO David Ellison. Skydance's films have included Geostorm, LIFE, Jack Reacher: Never Go Back, Star Trek Beyond, Mission: Impossible – Rogue Nation, Terminator Genisys, World War Z, Star Trek Into Darkness, and many others.

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