(Reuters) – Viacom’s (O:) Paramount Pictures has signed a three-year deal with two Chinese film companies, Shanghai Film Group and Huahua Media, the companies said on Thursday.
As part of the agreement, Shanghai Film Group and Huahua Media will co-finance Paramount’s full film slate.
Viacom shares spiked higher in afternoon trading but pared gains to close at $ 39.80.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.