China S Richest Man Jack Ma Signs Film Distribution Deal With Steven Spielberg
The deal was for Ma’s Alibaba Pictures Group to purchase a stake in Spielberg’s Amblin Partners, and it’s far from a simple streaming deal. Instead, the two production companies will collaborate on production, marketing and distribution with a focus in China but also throughout the world. For Spielberg’s part, during the pair’s joint appearance at the venture’s press launch, he characterized it as a desire to “bring more of China to America and more of America to China....