Alibaba Pictures has acquired Chinese rights to Korean romantic thriller Life Risking Romance, which it plans to release across theatres and online platforms.
Alibaba Pictures is investing in two further Paramount Pictures productions and a project from Italian director Giuseppe Tornatore.
Alibaba Pictures has announced that its making an unspecified investment in Paramount Pictures’ Mission: Impossible Rogue Nation, as well as cooperating on the online ticketing, merchandising and promotion of the film.
Alibaba Pictures Group has acquired cinema ticketing company Guangdong Yueke in an open auction for $134m (RMB830m).
While the world has been focused on its eye-popping IPO, Alibaba has been doing some much needed house-keeping at its recently acquired film division, Alibaba Pictures Group.