The film production company will pay $40m to co-launch a Chinese service with curated film streaming platform Mubi, and another $10m for an 8% stake in the company.
China-based entertainment producer Huanxi Media Group has agreed to invest $50m in UK-based curated video streaming platform Mubi with a view to launching the service in China later this year.
Launched in 2007, Mubi runs an on-demand film streaming platform that focuses on high-quality arthouse cinema. Its service offers a revolving line up of 30 films each month to subscribers in more than 200 countries.
Huanxi will invest $40m for a 70% stake in the joint venture that will offer…
