Huayi Brothers led the round and will help Magilm grow its film, television and animation production capabilities as well as its marketing and distribution services.
Entertainment company Huayi Brothers Media has led a RMB200m ($29m) series D round for China-based movie marketing and distribution services provider Magilm Pictures, China Money Network reported yesterday.
Founded in 2009, Magilm Pictures focuses on film, television and animation production as well as marketing and distribution services. As a strategic investor, Huayi Brothers will work with Magilm to grow those businesses.
Over the past three years Magilm has amassed more than RMB370m in funding, according to China Money Network. Animation…