Dick Cook Studios Launches with $150 Million Chinese Investment
Former Disney chairman Dick Cook is launching Dick Cook Studios with a $150 million investment from Citic Guoan Group Co. Ltd., a division of the state-owned Chinese conglomerate Citic Group.
Listed on the Hong Kong Stock Exchange, Citic is China’s largest conglomerate. It had assets under management of Us$967 billion (Hk$5,948 billion) at the end of 2014, and equity attributable to ordinary shareholders of Us$68 billion (Hk$418 billion).
“I am thrilled to formally announce the launch of Dick Cook Studios,” Cook said. “Our mission will always be to provide the very best in family entertainment inclusive of all generations, which inspires, engages, excites and always contributes positively not only to our communities but to the world at large. We will have many more announcements in the coming weeks and months as our long standing plans come together.”
Cook was chairman of the Walt Disney Studios from 2002 to 2009. The announcement noted that during his tenure,...
Listed on the Hong Kong Stock Exchange, Citic is China’s largest conglomerate. It had assets under management of Us$967 billion (Hk$5,948 billion) at the end of 2014, and equity attributable to ordinary shareholders of Us$68 billion (Hk$418 billion).
“I am thrilled to formally announce the launch of Dick Cook Studios,” Cook said. “Our mission will always be to provide the very best in family entertainment inclusive of all generations, which inspires, engages, excites and always contributes positively not only to our communities but to the world at large. We will have many more announcements in the coming weeks and months as our long standing plans come together.”
Cook was chairman of the Walt Disney Studios from 2002 to 2009. The announcement noted that during his tenure,...
- 4/20/2015
- by Dave McNary and Patrick Frater
- Variety - Film News
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