China Film Co., Pegasus Media Group and Co-High Investment Management Company Create New $100 Million Fund

The China Film Co., Pegasus Media Group, and Hong Kong’s Co-High Investment Management Co. have announced intentions to create a new entity called the China-U.S. Film Co-Production Project Development Fund. The $100 M fund will focus on making films geared toward a global audience to be distributed both theatrically and digitally. Jiang Ping, China Film Co.’s general manager, said of the new program, “We sincerely hope that the China-US Film Co-production Project Development Fund will provide a professional, reliable, practical and efficient communication bridge and system platform between China and Hollywood.”

This is a summary of an original Deadline article.