Le Vision Pictures' New Funding Gives RMB 1.55 Bln Valuation
Tencent Tech, 8/12/13
Beijing-based TV and film production company Le Vision Pictures has landed RMB 200 mln in first-round funding led by Shenzhen Capital Group. The funding brings the valuation of Le Vision Pictures to RMB 1.55 bln.
Le Vision Pictures produced and released 6 movies in 2012, with box office sales reaching RMB 650 mln.
Editor's Note: Le Vision Pictures and LeTV (300104.SZ) have a number of shareholders in common. For more background on this topic, please see "Le Vision Pictures Secures RMB 9-Digit Funding" MD 8/02/13 issue, and "LeTV Smart TV Launches Zhang Yimou's Movie Channel," MD 5/29/13 issue.
Keywords: film funding television valuation first-round Shenzhen Capital Group film production Le Vision Pictures