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AMTD Group Inc. ("AMTD" or the "Group"), alongside with World Media and Entertainment Group ("WME"), a subsidiary of the Group under AMTD Digital, jointly announced a comprehensive partnership with Beijing Alibaba Pictures Culture Limited ("Alibaba Pictures Culture") in the fields of film, entertainment, contents, and fashion media.
WME focuses on the Group's global strategies and long-term developments in multi-media, entertainment, and cultural affairs worldwide.
WME comprises a diversified portfolio of global media and entertainment projects, including L'OFFICIEL, The Art Newspaper, movie and entertainment projects, and L'OFFICIEL Coffee.
Alibaba Pictures Culture, a subsidiary of Alibaba Pictures Group Limited (HKEX: 1060), is an important vertical of Alibaba's Cultural Entertainment Business Sector, a leading internet-driven film company, and an integrated entertainment platform that covers the entire upstream and downstream industries.
AMTD, WME, and Alibaba Pictures Culture have committed to collaborating on film investments and promoting the development of the Chinese film industry. Moreover, the parties aim for long-term collaboration in culture, entertainment and fashion media areas.
The partnership marks a starting point for the parties to jointly explore, originate and develop domestic and overseas projects in these fields.
