Sign up to receive 5 free days of our daily summary for tech news.

Read this article for free.

Already a subscriber? Log in here

Entertainment

China Credit Crackdown Hits Hollywood

A regulatory crackdown on aggressive borrowing by individuals and companies in China is squeezing firms doing business in Hollywood, including Dalian Wanda Group, owner of Legendary Entertainment and AMC Theaters, and LeEco. Then there is Huahua Media.

Huahua helped Paramount’s “Transformers: Age of Extinction” make a then-record $320 million at the Chinese box office in 2014, turning the blockbuster into a phenomenon as the exclusive marketing partner for the film in China. Over the next couple of years, Huahua became a more important partner of Paramount, marketing other films like “xXx: Return of Xander Cage.” Then early last year Huahua struck a deal to finance a quarter of Paramount’s films over the next three years, in partnership with  another Chinese firm. Relations got so cozy that Huahua even planned to open an office on the Paramount lot.

What Is The Information?

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting, stories, and exclusives you won't read anywhere else from the largest newsroom in tech.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, subscribers get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Startups

Why Chinese Lifeblood for VR Could Slow

By Tom Dotan and Cory Weinberg

Asia

China’s Crackdown Could Squeeze Tech

By Shai Oster

Entertainment Policy

Facing Budget Shortfall, Movie Lobby Group Eyes Tech Firms

By Jessica Toonkel and Wayne Ma

‘Hollywood is very reliant on Chinese money, and this is going to result in waves of problems hitting them going forward.’