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Huayi Brothers Seeks to Expand Ties With STX Entertainment

  • Companies’ three-year finance agreement expires in early 2018
  • Chinese firms’ overseas investments face government control
James Wang Zhonglei.

James Wang Zhonglei.

Photographer: Qilai Shen/Bloomberg

Chinese film producer Huayi Brothers Media Corp. is seeking to renew and expand its ties to Robert Simonds’ STX Entertainment, despite recent capital controls imposed by Beijing that have set back several China-Hollywood deals.

“We’d like to renew and deepen our cooperation with STX beyond slate financing,” Chief Executive Officer James Wang Zhonglei said Friday in an interview in the Chinese resort city of Boao. “STX has a lot of plans in television and multimedia. They also have a lot of new ideas for the Asian market. We have had a lot of contacts in this regard.”