BEIJING, Nov. 5, 2015 /PRNewswire/ -- Bona Film Group
Limited ("Bona" or the "Company") (NASDAQ: BONA), a leading film
distributor and vertically integrated film company in China, today announced that it has made a
$235 million investment (the
"Investment") in TSG Entertainment Finance LLC ("TSG"). TSG is
a film finance entity working with Twentieth Century Fox to finance
primarily live action films. Films previously included in the
TSG Entertainment Finance slate have included Dawn of the Planet of
the Apes, X-Men Days of Future Past, and the recently released
Ridley Scott film, staring
Matt Damon, The Martian.
The Investment is structured primarily with the Bona Film Fund
and a credit facility arranged by East
West Bank, and entitles Bona to participate in the on-going
slate financing arrangement that TSG has with Twentieth Century
Fox, which will continue to distribute the films
worldwide.
"Our international strategy has played an important role in our
overall business plan and this partnership with TSG Entertainment
underscores Bona's growing impact and brand awareness in the
international film industry," said Bona's founder, Chairman and
CEO, Mr. Yu Dong. "We look forward
to participating in more mainstream Hollywood productions and bringing
high-quality foreign films to the domestic market. The ability to
diversify our film slate is an important factor propelling Bona to
a position as one of the leading film companies in China and across the world."
Chip Seelig, Managing Member of
TSG Entertainment said, "China is
a critical market to our long term economic success. We are
excited about our venture with Bona".
"We are pleased with the opportunity to add such a high quality
Chinese partner to the TSG Entertainment financing
activities," stated Bob Seelig, a founding partner of The Seelig
Group.
The deal was developed by Pacific Media Group and negotiated by
Jeffrey Chan, COO of Bona, with
Chip Seelig of TSG. The financing
was structured by Nicolas Qi, CFO of Bona, with the Bona Film Fund
and East West Bank. Bona was
represented by the Century City Office of O'Melveny & Myers LLP
and Alexander Lawrence Frumes &
Labowitz LLP, with additional legal support from Travers Thorg
Alberga, and Hankun Law. The Seelig
Group was represented by the New York Office of Proskauer, and
East West Bank by the Los Angeles
Office of Atkin Gump Strauss Hauer
& Feld LLP.
About Bona Film Group Limited
Bona Film Group Limited (Nasdaq: BONA) is a leading film
distributor in China, with an
integrated business model encompassing film distribution, film
production, film exhibition and talent representation. Bona
distributes films to Greater
China, Korea, Southeast
Asia, the United States and
Europe, invests and produces
movies in a variety of genres, owns and operates thirty movie
theaters and manages a range of talented and popular Chinese
artists.
For more information about Bona, please visit
http://www.bonafilm.cn.
To be added to Bona's email list to receive Company news, please
send your request to bona@tpg-ir.com.
About The Seelig Group LLC
The Seelig Group LLC is a private Media & Entertainment
principal investment and advisory firm founded in 2012 by a group
of successful and experienced entrepreneurs, executives and
investors. The Seelig Group serves as the consultant to TSG
Entertainment Finance LLC.
Contact Us:
In China:
Peng Li
Bona Film Group Limited
Tel: +86-10-5631-0700-398
Email: ir@bonafilm.cn
In the U.S.:
The Piacente Group, Inc.
Investor Relations
Don Markley
Tel: (212) 481-2050
Email: bona@tpg-ir.com
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visit:http://www.prnewswire.com/news-releases/bona-invests-in-tsg-entertainment-finance-300173040.html
SOURCE Bona Film Group Limited