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

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