While most of the action onscreen in “Midway” involves Americans and Japanese, most of the money behind the movie is Chinese.
Starlight Entertainment, which put up 45% of the $98 million budget, sees itself as an ally of the independent movie scene.The Hong Kong stock market-listed firm first came to attention when it struck a deal with “Aquaman” director James Wan.
And it earned kudos for its investing smarts last year when it emerged as a backer of “Crazy Rich Asians.” This year it was a backer of Sierra/Affinity’s “Scary Stories to Tell in the Dark,” a movie that had a production cost of some $25 million, was released by Lionsgate in the U.S., and grossed $96 million in worldwide theatrical.The company is headed by Peter Luo, who has indulged his passion for filmmaking by pushing the company through a share listing, and substantial fund-raising rounds.He says that
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