YuuZoo to invest up to US$150m in US film group
It will be given all of Relativity's film, television, sport, fashion and music asset for distribution on its platform
Singapore
YUUZOO Corporation Limited is planning to invest between US$50 million and US$150 million in an American independent movie studio and entertainment group which only recently exited bankruptcy.
In an announcement on Sunday night, the group said that it has entered into a term sheet and letter of intent on Oct 28 with Relativity Holdings LLC.
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