Misplaced Pages

China Media Capital

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
(Redirected from CMC Pictures) Private equity firm
This article needs to be updated. The reason given is: Needs more information on the history page. Please help update this article to reflect recent events or newly available information. (July 2024)
CMC Holdings
Trade nameChina Media Capital
Company typePrivate
IndustryPrivate Equity
Founded2009; 15 years ago (2009)
FounderLi Ruigang
HeadquartersShanghai, China
Key peopleLi Ruigang
(Chairman)
OwnerLi Ruigang
Websitewww.cmccap.com

China Media Capital (Chinese: 华人文化) is a private equity firm specializing in growth capital, mid venture, late venture, emerging growth, corporate restructuring, management buyouts, and mergers & acquisitions. The firm prefers to invest in the cultural, technology, media, entertainment, consumer, medical treatment, and telecommunication sectors. It invests both inside and outside China.

China Media Capital was founded in 2009 and is based in Shanghai, China, with an additional office in Beijing. CMC has shares in the City Football Group and Formula E team Techeetah.

History

In August 2010, Star China Media was announced that News Corporation would sell a controlling stake in its assets in mainland China to China Media Capital (CMC), which was headed by Li Ruigang (of Shanghai Media Group). Xing Kong (both domestic and international versions) and Channel V Mainland China, plus Fortune Star film library were in the sale, and a joint venture named Star China Media was created in the process.

In January 2014, the company's management team and CMC acquired the remaining stake from 21st Century Fox (which took television businesses from the original News Corporation in the 2013 split). This marked 21st Century Fox's exit from Mandarin entertainment television market in Mainland China.

In 2021, Star China Media launched an initial public offering as a publicly traded company, trading on the Hong Kong Stock Exchange (HKSE) with the application being accepted on December 29, 2022, when its was trading on the stock exchange.

Filmography (abridged)

Investment holdings

Shareholders

See also

References

  1. "Company Overview of China Media Capital". BloombergBusiness. Retrieved 16 April 2015.
  2. ^ Young, Doug "News Corp sells controlling stake in China TV channels" Reuters August 9, 2010
  3. ^ Chu, Karen "News Corp. sells Chinese-language channels to CMC" Associated Press August 9, 2010 (via The Hollywood Reporter)
  4. ^ Coonan, Clifford "China Media Capital buys Star China" Variety August 9, 2010
  5. "Star China's Management Team and China Media Capital to Acquire 21st Century Fox's Entire Stake in Star China TV Joint Venture" 21st Century Fox Business Wire January 2, 2014
  6. Patnaik, Sampad "21st Century Fox sells Star China TV stake" Reuters January 2, 2014
  7. William, Christopher (2 January 2014). "Rupert Murdoch gives up on China with sale of Star China TV". The Telegraph. Telegraph UK. Retrieved 20 July 2014.
  8. "业绩连续三年下滑，上市首日股价大涨！星空华文能否唱好"中国好声音"？". Daily Economic News. Retrieved 2023-01-02.
  9. "China Media Capital Raises $950 Million for Third Dollar Fund". Variety. 12 February 2020. Retrieved 21 July 2024.
Categories: