Jack Ma, the 52-year-old Chinese business tycoon, is set to invest his money in Amblin Partners, a media company formed by DreamWorks Studios, Participant Media, Reliance Entertainment and eOne which develops and produces film, television, and digital content.
Steven Spielberg, chairman of Amblin Partners, was spotted at the launch of tie-up in a downtown Beijing skyscraper’s ballroom with Jack Ma.
“We intend to make six to nine movies a year, ” says Jeff Small, Amblin Partners’ President and Co-Chief Executive Officer. He added, “The films would be distributed by a network that included Universal Pictures Ltd. China had the “fastest-growing demand in world”, as reported on Bloomberg.
The Chinese billionaire commended Hollywood’s best director for his abilities and how the Chinese people loved his works.
Spielberg has won a lot of awards as Best Director and Best Picture in a number of prestigious film awardings, plus a pocketful of Academy Award nominations which makes him the best director of all time, and is known for winning “Schindler’s List” and “Saving Private Ryan”.
“I don’t think there are many differences between East and West — the only difference is that the West is better at telling stories,” said the first Chinese entrepreneur to appear on the cover of Forbes, hoping that Alibaba Pictures will pick up tips from Spielberg and Amblin Partners.