Alibaba Invests in Two Paramount Films

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China’s Alibaba Pictures, which set up its U.S. office in Pasadena last year, is betting on two films from Paramount Pictures. According to the Los Angeles Times, Alibaba will invest an undisclosed sum in “Teenage Mutant Ninja Turtles: Out of the Shadows” and “Star Trek Beyond,” which will both be released in China during the second half of the year.

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