Browsed a bit, could not find too many English sources.
http://www.thestandard.com.hk/news_detail....&con_type=3
Chow aims for film empire
Movie actor-cum-director and comedian Stephen Chow Sing-chi is aiming to build a Chinese version of Time Warner in the mainland after being appointed executive director of Emcom International (8220), reports Sing Tao Daily, sister publication of The Standard.
Mandy Lo
Monday, March 01, 2010
Movie actor-cum-director and comedian Stephen Chow Sing-chi is aiming to build a Chinese version of Time Warner in the mainland after being appointed executive director of Emcom International (8220), reports Sing Tao Daily, sister publication of The Standard.
"My dream is to build a company to become another Time Warner, to make movies, animated series and merchandise that belong to the Chinese film world," he said yesterday.
"A market as big as China needs a large entertainment company like Time Warner."
He denied reports that he invested in Emcom to speculate in shares of the firm, which is listed on the Growth Enterprise Market. "Speculation is not my aim, it cannot satisfy me."
Chow expects to use the resources to produce more films every year, but he declined to reveal an annual target.
"The company will focus on producing movies that can derive other products like animated versions, related merchandise and online games, for instance CJ7."
Chow said the animated version of CJ7 - which he made and starred in - is set to be completed this summer.
"Chinese kids should have cartoons that are made in their homeland," Chow said, noting that mainland animations have the advantage of government support for the industry.
"It is inevitable to consider the China market as a whole, though we also want to cater to Hong Kong people's taste," he said, revealing that he started targeting the mainland market since the production of Shaolin Soccer.
Emcom is proposing to change its name to Bingo Group, which Chow says he likes because he loves hitting the jackpot.
The movie legend, who is the largest single shareholder of Emcom with a 14.59 percent stake, sold the image rights for CJ7 characters to Emcom to develop them into peripheral products.
The company will issue HK$45 million worth of convertible bonds to Chow with an option to subscribe for 250 million new shares that can boost his stake to 35.64 percent. It will also have investment priority for Chow's future films.

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