Magilm Pictures, a company that was launched with focus on film marketing, has received more than 60 million yuan in its second round of financing recently, according to sina.com.
The capital will mainly be put to use for expansion, including investment in theaters, filmmaking, marketing and distribution business.
The company has also formed a strategic investment partnership with one of the leading investors?- Tianxing Capital.
Established in 2009, Magilm Pictures provided services to more than 100 movies within three years of its launch. The accumulated box office revenue of these films has exceeded 5 billion yuan. Its market valuation stands at more than 300 million yuan.
In August, Magilm Pictures received its first round of fund from Shenzhen Co-Win Venture Capital Investments Ltd.
 |
 |
| Domestic films reel in record take at box office | Huayi focuses on Hollywood deals for five movies a year |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
