China Galloping Horse to acquire Hollywood studio for $30 million
A joint venture led by Chinese film and TV company Galloping Horse has submitted a winning bid to acquire one of Hollywood's leading visual effects studios for $30 million.
Galloping Horse America, a division of the Beijing-based media company, has partnered with Reliance MediaWorks, the post-production company that is part of the Indian conglomerate Reliance ADA, to buy Digital Domain's visual effects studios in Venice and Vancouver, Canada.
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More details follows from L.A Times
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