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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch