China Media Capital () 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).Young, Doug "News Corp sells controlling stake in China TV channels" Reuters August 9, 2010Chu, Karen "News Corp. sells Chinese-language channels to CMC" Associated Press August 9, 2010 (via The Hollywood Reporter)Coonan, Clifford "China Media Capital buys Star China" Variety August 9, 2010 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)."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, 2014Patnaik, Sampad "21st Century Fox sells Star China TV stake" Reuters January 2, 2014 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 it was trading on the stock exchange.
Filmography (abridged) The Wandering Earth (2019) Pegasus (2019) The Beachbuds (2021) Lost in the Stars (2023) Meg 2: The Trench (2023)
Investment holdings Techeetah Pearl Studio (formerly Oriental DreamWorks) Star China Media Warner Bros. Discovery Flagship Entertainment Group (41%) City Football Group (13%) Shaw Brothers Studio (11%) Sanrio (10%) THOIP (90%) Daewon Media (92%) Showbox (25.00%) Alpha Group Co., Ltd. (99%) Gravity Pictures
Shareholders Alibaba Tencent China Vanke
See also China Film Group Corporation Flagship Entertainment Group (41%) Pearl Studio Star China Media China Movie Channel Alpha Group Co., Ltd. (99%) Shaw Brothers/TVB
References