Deals
Aston Villa Owner Said in Talks to Acquire Millennium Films
- Chinese businessman seeks to acquire Millenium Films producer
- Deal would mark latest inflow of Chinese funds into Hollywood
Sylvester Stallone and Arnold Scwarzenegger star in The Expendables 3
Photographer: Phil Bray/Lions Gate/Courtesy Everett CollectionThis article is for subscribers only.
The Chinese company that bought the U.K.’s Aston Villa Football Club is nearing the purchase of a Hollywood film producer behind action films such as “The Expendables” and one of the “Rambo” sequels, according to people familiar with the matter.
Recon Group, headed by Chairman Tony Xia, is in talks to acquire the Millennium Films label, according to the people, who asked not to be identified because the talks are private. The purchase is likely to be made through Shenzhen-listed Recon Wenyuan Cable Co., though there is no certainty that a deal will be struck, they said.