The announcement was jointly made by Michael Grindon, president,
SPTI, and Yang Buting, chairman, CFG.
Huaso has opened offices in Beijing and will be run by a board
of directors, with Dandan Zhang recently appointed as general manager
to oversee day-to-day operations. Huaso currently has a number of
Chinese-language projects in development, including light entertainment
and sitcom properties, drama series and TV movies, for distribution
within and outside the PRC.
The JV is part of SPTI's larger commitment to increase production
capabilities in Asia and adds to that already existing in India,
Japan, Indonesia, Thailand and Taiwan.