A strategic investment was made by Tencent in Skydance which is part of a broader strategic partnership, which provides a global platform for project-level collaboration and will also allow Skydance to access Tencent’s expertise in Asia and gaming to further build out its presence in these markets.
Skydance Media is a US based diversified media company that creates entertainment for global audiences across multiple platforms including film, television.
Under the partnership, Tencent can distribute and merchandise in China. The partnership also supports collaboration on other media initiatives, including television, interactive and virtual reality.
Skydance Media founder, CEO David Ellison, commented: “Skydance has experienced a tremendous amount of growth since our inception in 2010, and we’re excited that our next phase of expansion will be in partnership with a company that shares our vision for where entertainment is heading.”
Under the partnership, Tencent can distribute and merchandise in China. The partnership also supports collaboration on other media initiatives, including television, interactive and virtual reality.
Skydance Media founder, CEO David Ellison, commented: “Skydance has experienced a tremendous amount of growth since our inception in 2010, and we’re excited that our next phase of expansion will be in partnership with a company that shares our vision for where entertainment is heading.”
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