China Recon Holdings acquired 51% stake in US film studio for $100 million
Chinese firm Recon Holdings has acquired a 51% stake in US film production company Millennium Films for $100 million.
Best known for its franchise properties Rambo and The Expendables, Millennium has generated over $1.2 billion in worldwide box office revenues since 2011. Recon Holding (Recon Wenyuan Cable Co) was founded in 2001 and is based in Yixing China with Dr. Tony Xia as Chairman. It is controlled by Recon Group, a multinational conglomerate which owns the Aston Villa football club.
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More details follows
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