- Strategic cooperation with Stephen Lam Ping Kwan’s Hong Kong-based 3a Motion Pictures to provide global distribution of Chinese content to 240 territories worldwide
- Execution of memorandum of understanding (MOU) a breakthrough moment for PANTALEON’s relationship with Asian markets
- PANTALEON’s new video-on-demand (VoD) platform PANTAFLIX (pantaflix.com) to become largest global catalog of Chinese films for 50 million Chinese living abroad
Berlin / Hong Kong, September 15, 2016 – PANTALEON Entertainment AG (XETRA: PAL, ISIN: DE000A12UPJ7) has signed a memorandum of understanding (MOU) to cooperate with Stephen Lam Ping Kwan’s 3a Motion Pictures Limited: Hong Kong-based 3a will provide up to 5,000 Chinese movies, offering global distribution via PANTALEON’s newly launched video-on-demand platform pantaflix.com. For the first time, 50 million expatriate Chinese in 240 countries will be able to rent and watch popular content from back home.
With its extensive People’s Republic of China network and expertise in the Chinese entertainment market, 3a Motion Pictures Limited will become a PANTAFLIX ‘preferred partner’, receiving the standard remuneration of 75% for every online rental of their content. A wide range of Chinese movies will be made available, from well-loved blockbusters to the latest releases. The first content will be made available within three months.
“This partnership is a giant leap forward for PANTAFLIX, and a watershed moment in PANTALEON’s corporate history”, says Dan Maag, PANTALEON CEO. “Working with Stephen and his team means working with one of the most experienced and well-connected groups in the Chinese entertainment industry. The partnership brings us closer to our goal of making pantaflix.com a relevant, disruptive player in the video-on-demand market much sooner than planned. We set out to make PANTAFLIX the best possible place to both distribute and watch film and, given that pantaflix.com launched only a few weeks ago, this fantastic partnership only fuels our optimism about what we can achieve in the near future.”
With over 40 years’ experience as a producer and executive, CEO of 3a Motion Pictures Stephen Lam Ping Kwan is the former managing director of Sil-Metropole Organisation Ltd., the only Hong Kong production company since the 1980s to have the status of a People’s Republic of China state-owned studio. He says, “We are looking forward to our collaboration with pantaflix.com and are eager to provide global access to Chinese culture in a way that has not been possible before. With our unique expertise in the Chinese film and creative industries, 3a Motion Pictures is well-equipped to serve as a bridge for internationalization of film, cultural and creative productions in the tremendous awakening of the People’s Republic of China film and creative markets.”
Both PANTAFLIX and 3a Motion Pictures Limited believe that this partnership is only the beginning of their working relations, with discussions already underway about future cooperation and business ventures – in the People’s Republic of China and beyond.
About PANTALEON Entertainment AG
PANTALEON Entertainment AG is a media company with a strong focus on cinema. The core activity of PANTALEON Entertainment AG and its subsidiaries is the development and production of feature films as well as the exploitation of the rights arising therefrom, which are usually marketed by worldwide leading film distributors on a national and international basis along many steps of a chain of rights designed to best exploit them. The basis of the PANTALEON Group was formed in 2009 with the founding of PANTALEON Entertainment GmbH in Berlin. Today, 2016, PANTALEON belongs to the leading German companies in the production of feature films and innovative entertainment formats. The company is headquartered in Kronberg im Taunus. Feature films are developed at its offices in Berlin, Munich and Frankfurt am Main, the consistent quality of which makes them amongst some of the most successful national productions in recent years.
In Summer 2016, PANTALEON started the global roll-out of its innovative, cloud-based video-on-demand (VoD) platform, Pantaflix. For more information: group.pantaleonentertainment.com.
About 3a Motion Pictures Limited
3a Motion Pictures Limited is a Hong Kong based film company established and run by respected and well-connected professionals across entertainment, creative and cultural sectors. It is uniquely positioned to create quality productions and facilitate cross-border cooperation between the Chinese and foreign film markets. The company is involved in the development of local productions and international co-productions ranging from indie dramas to documentaries. Strong Hong Kong and People’s Republic of China partners provide access to impressive collective libraries containing TV programs, short films, feature films and documentaries.
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