Corporate
May 31, 2012
Hollywood’s new investors?
Entertainment lawyers say there has so far been more talk than action on deals between Hollywood and China. And it may yet be another few years before the cash really starts flowing.
Daily Journal Staff Writer
Two years ago, Beijng-based attorney Lex Kuo advised local officials in a backwater Chinese province in an acquisition of a U.S. film studio. The local officials, looking for a way to put their province on the map, came to the table with deep pockets. But it was their unfamiliar approach to negotiations that created a speed bump: The documentation they presented to the U.S. studio was a mere two pages.
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