{"id":3401,"date":"2015-04-23T00:00:00","date_gmt":"2015-04-23T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvasia\/2015\/04\/23\/li-ruigang-invests-in-tvb-shareholder\/"},"modified":"2015-04-23T00:00:00","modified_gmt":"2015-04-23T00:00:00","slug":"li-ruigang-invests-in-tvb-shareholder","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvasia\/li-ruigang-invests-in-tvb-shareholder\/","title":{"rendered":"Li Ruigang Invests in TVB Shareholder"},"content":{"rendered":"

\n\tHONG KONG: Chinese media mogul Li Ruigang has made an investment in Young Lion Holdings, the consortium that controls leading Hong Kong-based broadcaster TVB.<\/p>\n

\n\tThe local Communications Authority has approved the new shareholding structure at Young Lion, which indirectly holds 26 percent of the outstanding shares of TVB. A press release from TVB said that the "enlarged investor group will continue to contribute to the long-term growth of TVB and solidify TVB’s leading position in Chinese-language content globally."<\/p>\n

\n\tTVB Chairman Charles Chan noted, "Mr Li will bring a wealth of experience and expertise in many areas spanning television, film, entertainment, advertising, sports and internet. His insights and network in broadcasting and media-related industries will further enrich and expand TVB’s core business in Chinese-language content."<\/p>\n

\n\tLi, often dubbed the "Rupert Murdoch of China," is the founding chairman of CMC Capital Partners, chairman of Oriental DreamWorks—the CMC and DreamWorks Animation joint venture—and chairman of Shanghai Media Group.<\/p>\n

\n\t“One of the many ways Mr Li can contribute to the long-term growth of TVB is to help further develop our film business," Chan continued. "As one of China’s top media entrepreneurs who has sealed many high-profile deals involving Western leaders of the global media and entertainment industry, including Hollywood’s film industry, Mr Li will be a great facilitator in helping drive TVB’s growth in the filmmaking segment.”<\/p>\n","protected":false},"excerpt":{"rendered":"

HONG KONG: Chinese media mogul Li Ruigang has made an investment in Young Lion Holdings, the consortium that controls leading Hong Kong-based broadcaster TVB. The local Communications Authority has approved the new shareholding structure at Young Lion, which indirectly holds 26 percent of the outstanding shares of TVB. A press release from TVB said that …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-3401","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"\nLi Ruigang Invests in TVB Shareholder<\/title>\n<meta name=\"description\" content=\"Li Ruigang Invests in TVB Shareholder. HONG KONG, April 23: Chinese media mogul Li Ruigang has made an investment in Young Lion Holdings, the consortium that controls leading Hong Kong-based broadcaster TVB.. 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