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Video - Wednesday, June 27, 2007

Sequoia China Invests Up To $10M In Film Distributor Polybona

Sequoia China has apparently closed up to a $10M investment into China's Polybona, a film distribution company, reports Caijing Magazine, as translated by Bill Bishop. Variety calls Polybona "the Chinese Miramax," and "a bastion of independence and private enterprise in a sector where state-run titans such as China Film Group have long ruled in distribution, production, exhibition and financing."

PolyBona has distributed nearly 100 Chinese and Hong Kong co-produced films, such as "Confession of Pain," "The Myth," "Initial D" and "The Peacock." Variety says it has captured more than 20% of the overall market share for four years running.

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Read - Variety profile
Read - Bill's Due

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