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China Mainstream to Invest $300 Million in 10 Films in English

A Chinese film-finance group plans to invest $300 million in 10 English-language films, starting with “Ming: The Annihilator,” based on a character from Spider-Man creator Stan Lee.

National Film Capital, a government-backed entertainment company, is developing projects that will appeal to international audiences, the Beijing-based company said yesterday in an e-mailed statement. The company will also invest in the Chinese theater business, to become a major player in both the U.S. and in China.