Social e-commerce company YuuZoo Corporation has acquired a 5% stake in Beijing-headquartered RS Media & Entertainment Group (RSMEG).
RSMEG is currently producing an updated version of the classic Jack London novel, White Fang, adapted to include new Chinese story elements. Its Hollywood-China co-productions also include Baby Geniuses and RoboSapiens, which is based on the robotic toys from WowWee.
According to IHS Technology, China is opening 10 new cinema screens every day. It estimates that the Chinese film market in 2014 was worth US$4.6 billion, almost one-third more than the year before. Within five years, the company expects the Chinese film market to be the largest in the world.
“Having a presence on and a link to all four screens: the movie screen, the TV screen, the computer screen and the mobile screen, offers major advantages. With this investment, YuuZoo is strongly linked to all these screens in the world’s largest market, China,” says Thomas Silliacus, YuuZoo’s executive chairman.
YuuZoo shares last closed at 18.5 cents.
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RSMEG is currently producing an updated version of the classic Jack London novel, White Fang, adapted to include new Chinese story elements. Its Hollywood-China co-productions also include Baby Geniuses and RoboSapiens, which is based on the robotic toys from WowWee.
According to IHS Technology, China is opening 10 new cinema screens every day. It estimates that the Chinese film market in 2014 was worth US$4.6 billion, almost one-third more than the year before. Within five years, the company expects the Chinese film market to be the largest in the world.
“Having a presence on and a link to all four screens: the movie screen, the TV screen, the computer screen and the mobile screen, offers major advantages. With this investment, YuuZoo is strongly linked to all these screens in the world’s largest market, China,” says Thomas Silliacus, YuuZoo’s executive chairman.
YuuZoo shares last closed at 18.5 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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