Film and TV studio STX has signed content distribution agreements with new investors Tencent and PCCW in conjunction with the round, which reportedly values it at $1.5bn.
US-based film and television studio STX Entertainment received an undisclosed amount of funding from investors including internet company Tencent and IT, telecom and media group PCCW on Thursday.
The round also included Hony Capital, the private equity firm sponsored by conglomerate Legend Holdings, as well as food producer William Wrigley Jr, TPG Growth, East West Bank CEO Dominic Ng and business interests of Gigi Pritzker, Michael Pucker and their immediate family.
Founded in 2014 with investment by Hony and TPG,…
