Type Public (SZSE:300027) Number of locations 1 CEO Wang Zhongjun (1994–) Founded 1994 | Industry Entertainment Area served China Headquarters Beijing, China | |
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Key people Wang Zhongjun (Chairman & CEO), Wang Zhonglei (President) Products Movies, Television shows, Music, Movie theaters Stock price 300027 (SHE) CN¥ 10.49 +0.01 (+0.10%)15 Mar, 3:59 PM GMT+8 - Disclaimer Subsidiaries Huayi Brothers, Huayi Brothers International Limited Founders Wang Zhongjun, Wang Zhonglei | ||
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Huayi Brothers Media Corp. (Chinese: 华谊兄弟传媒股份有限公司; pinyin: Huáyì Xiōngdì Chuánméi Gǔfèn Yǒuxiàn Gōngsī) is a Chinese entertainment company that owns a film studio, television production company, talent agency, record label, and movie theaters founded in Beijing by brothers Wang Zhongjun and Wang Zhonglei in 1994. The company made world news on October 30, 2009 when the Shenzhen Stock Exchange ChiNext Board was halted, after HBMC's stock price more than doubled by 122.74 percent from its IPO price, to open at 63.66 yuan per share. Patrick Frater of Variety called it "China’s largest private sector film conglomerate". In 2014, the company was the seventh-largest film distributor in China, with 2.26% of the market.
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History
The company was founded in 1994 as a film production company. It underwent a comprehensive expansion into the media industry through investing and now produces and operates movies, TV shows, talent agencies, music labels, and movie theaters. In February 2011, Huayi Brothers revealed their plans to create the largest TV and film studio complex in East Asia. Also, they announced that they aim to earn 10 billion yuan in the box office by 2016. As of April 2015, the company was worth US$7.9 billion.
In 2014 the company announced that it had agreed to invest as much as $150 million in Studio 8, the production company launched by former Warner Bros. executive Jeff Robinov, but the partnership never materialized. Shanghai-based conglomerate Fosun International later signed a deal to invest in Robinov's company instead.
Productions
Talent agency
HBMC manages over 100 Chinese A-List celebrities of movie, music and TV. Names including Xun Zhou, Angelababy, Kun Chen, Zhao Wei and Shu Qi have all appeared in Huayi productions.