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National Arts signs film production deal with Promixa Media

Business | May 15, 2019 20:23
<p>National Arts Entertainment and Culture (8228), owned by celebrity Sin Kwok-lam, signed a long-form agreement with Hollywood film producer Proxima Media, where Proxima&#39;s founder Ryan Kavanaugh will be a strategic shareholder.</p><p>Ryan Kavanaugh set up Marvel Studios and created the Marvel Cinematic Universe, and has also cooperated with Warner Bros., Universal Pictures and Sony Pictures.</p><p>National Arts will issue new shares to Proxima Media, and Proxima Media will fund up to US$100 million (HK$780 million) for improving the group to a world-class film production studio.</p><p>Proxima Media will shoot up to five films and three dramas each year at&nbsp;the National Arts&nbsp;studio.</p>


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