Hollywood is moving into China, where the movie action is

SINGAPORE (April 20): One of Hollywood’s best known talent agencies, Creative Artists Agency (CAA), is setting up a joint venture to explore talent representation and endorsement opportunities in China.

CAA’s JV partner is Chinese investment fund CMC Capital Partners. CMC is making a minority strategic investment in CAA as part of the deal. CMC chairman Li Ruigang will join CAA’s board of directors. The new company, CAA China, will be majority owned by CAA.

CAA already represents a number of well known talents from Mainland China, Taiwan and Hong Kong, including director and producer Zhang Yimou, model and actress Lin Chi-ling, and actor and martial artist Donnie Yen.

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