Viacom Execs Go To China To Address Concerns of Huahua Media Investors After Paramount Underperformance

Variety is reporting on a possibly sticky situation in the movie world going on right now. Executives from Paramount's parent company Viacom are heading to meet the bosses of Huahua Media in China, spurred in no small part by the box office run of The Last Knight falling well short of expectations. Though other recent failures such as Ghost in The Shell and Baywatch are also cited, it's no secret Transformers was the last real hope everyone was holding on to this year. The results of the meeting remain to be seen, but it wouldn't be surprising if Chinese investment in Paramount's productions may be a thing of the past. Keep reading for more...
Angry over losing tens of millions of dollars on a $1 billion slate-financing deal with Paramount Pictures, Chinese film company Huahua Media is looking for assurances that the studio’s upcoming movies will be more commercially successful.

The Chinese company is particularly disappointed with the reception of “Baywatch,” “Ghost in the Shell,” and “Transformers: The Last Knight,” and believes that Paramount’s creative team has not done a good job of making films that will play to international audiences.


Read the full article at Variety.

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