China’s box office might have lost as much as RMB 1.5 billion ($214 million) in the first two months of this year due to the coronavirus outbreak, but a nationwide resumption of movie theaters and production is unlikely to happen any time soon.
12.02.2020 - 17:21 / variety.com
Li Ruigang’s China Media Capital has raised $950 million for CMC Capital Partners III, its third U.S. dollar-denominated investment fund.
Documents filed this week with the Securities and Exchange Commission show that the Cayman Island-registered fund raised $153.5 million from U.S.-based investors, in an issue managed by Credit Suisse.
The same documents explained that they did not cover $799.3 million additionally raised from non-U.S. investors. CMC did not reply to Variety’s request for
China’s box office might have lost as much as RMB 1.5 billion ($214 million) in the first two months of this year due to the coronavirus outbreak, but a nationwide resumption of movie theaters and production is unlikely to happen any time soon.
China’s box office might have lost as much as RMB 1.5 billion ($214 million) in the first two months of this year due to the coronavirus outbreak, but a nationwide resumption of movie theaters and production is unlikely to happen any time soon.
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