The China-based corporate has paid more than $100m for a 5% to 10% stake in the film and television producer as part of a partnership agreement.
Internet group Tencent invested an amount reported by the Los Angeles Times to be more than $100m in US-based entertainment producer Skydance Media.
Founded in 2010, Skydance co-produces and funds feature films as well as television and animation, gaming and digital media content.
The company’s main partner is Paramount Studios, which distributes the films. Its cinematic catalogue includes two Star Trek films, the last instalment in the Terminator franchise and the three latest Mission Impossibles.
In addition to its motion…
