China's Light Chaser Animation Studios has closed a $20 million round of Series B funding, led by Ggv Capital and Chengwei Capital. Light Chaser was launched in March 2013 by Gary Wang, founder of Tudou.com, which was bought by rival Internet video company Youku.com in a $1 billion stock deal in 2012. Wang has said his ambition for the company is for it to be China's answer to Pixar — a boutique studio "creating world-class animated films with a Chinese cultural touch." Photos Johnny Depp's First Trip to China Light Chaser has spent the last 15 months
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- 6/20/2014
- by Patrick Brzeski, Clifford Coonan
- The Hollywood Reporter - Movie News
Australian Government Prepares For Fight Over Media Reforms News Corp warns that media reforms introduced to Parliament on Thursday local time could harm the company’s new publishing spinoff and may be challenged in the High Court. Kim Williams, CEO of Australia’s News Limited, attacked the proposal to create a public interest media advocate, which would have the power to approve or reject mergers and takeovers and oversee self-regulatory bodies such as the Australian Press Council. He described the legislation as an attempt by the Labor Government to “constrain and harness News Limited” and said the reforms may hurt the asset values of the new News Corp. The government also proposes creating a parliamentary committee to examine abolition of the rule prohibiting a broadcaster from reaching more than 75% of the country. The Liberal/National Party Coalition, which is heavily favored to win the federal election in September, has vowed...
- 3/14/2013
- by NANCY TARTAGLIONE, International Editor
- Deadline TV
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