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
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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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