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China's Role in Hollywood Grows With Bison Takeover of Cinedigm

The Hollywood Sign in Hollywood, California.
Photographer: Robyn Beck/AFP via Getty Images

Bison Capital, a Hong Kong-based investor in film and TV production, agreed to acquire a majority stake in Cinedigm Corp., which creates programs for Netflix Inc. and other online outlets

Bison will buy 20 million newly issued shares of Cinedigm for up to $30 million and provide as much as $10 million in working capital, according to a statement Thursday. Los Angeles-based Cinedigm is also in talks to exchange its 5.5 percent convertible notes due in 2035.