Since their 2014 IPO DMG has made a series of poor film investment choices, from the remake of Point Break, that nobody asked for, and the Johnny Depp sci-fi bomb Transcendence, to the more moderately successful comedy Blockers. This editor was among those pundits who questioned DMG’s high IPO valuation. As they would have been sharing the box-office take with the powerful China Film Group itself, as they were its real “official” distributor since the film fell under the 25 films per year quota system. A massive valuation that many would say was highly overvalued, for a company that went from an advertising and media agency, to only having one real financial hit under its belt, Looper.Īs their share from Iron Man 3‘s China box-office take would have been minimal compared to their investment into the film – even for a film that was one of the biggest hits of the summer in the Middle Kingdom. Listing in 2014 on the Shenzhen Stock Exchange raising $500MMUSD at a valuation of $5BnUSD. was one of the first film or media companies to list on the then burgeoning China stock exchanges. DMG Entertainment a Chinese-“American” media studio that once co-financed a Marvel Cinematic Universe film for Chinese distribution, and was one of China’s first media and film companies to IPO in the Mainland now sits in existential limbo of continuation.Īfter co-financing the 2013 Marvel Studio release Iron Man 3 and being its “distributor” in China, and co-financing the breakout surprise sci-fi cult hit Looper.
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