Scalper1 News
China e-commerce leader Alibaba Group (BABA) is going Hollywood. Alibaba’s digital entertainment wing, Alibaba Pictures, said Wednesday that it has invested in its first Hollywood film, taking a stake in the upcoming “Mission: Impossible-Rogue Nation” movie, in partnership with Viacom (VIAB)-owned Paramount Pictures. The movie starring Tom Cruise is slated for release next month. Alibaba Pictures has been said to be scouting Hollywood for deals, Scalper1 News
Scalper1 News