In an interesting move towards partnership, Steven Spieldberg’s Amblin Partners is joining forces with Alibaba Pictures Group Ltd., the film studio section of Alibaba Group Holding Ltd. They plan to co-produce and finance films for both global and Chinese audiences.
In a joint statement, they also said that they plan to collaborate on the marketing, distribution and merchandising of Amblin Partner films in China.
Alibaba Pictures has not, yet, released any films. But if they join with Amblin Partners, which creates films, television and digital content under the Amblin Entertainment, DreamWorks Pictures and Participant Media brands.
Alibaba Pictures has actually invested already in some Hollywood films including “Mission: Impossible- Rogue Nation” and “Star Trek Beyond.”