On News Corp’s Bona Film Group Purchase
May 20, 2012
News Corp. buys stake in Chinese film studio – latimes.com.
David was quoted in the Company Town blog at the Los Angeles times in a post about News Corp.’s purchase of a 19.9% stake in Beijing-based Bona Film Group.
This approach marks a strategic departure for News Corp. in China in two ways. First, News is taking a sub-20% minority stake. Second, it is returning to China’s film industry after hitting a brick wall.