China's Huayi Brothers funds films with Hollywood studio STX

April 1, 2015 7:29 PM

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(Reuters) - Chinese film production company Huayi Brothers Media Corp has closed a three-year deal with new Hollywood studio STX Entertainment to jointly finance, produce and distribute up to 15 movies annually by 2016, the companies said on Wednesday.

The funding will allow STX to significantly expand its film production plans, Chief Executive Robert Simonds said in an interview. Financial terms were not disclosed.

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