Hunan TV Mogul Arrested for Alleged Corruption
Prosecutors in central China’s Hunan province have arrested Long Qiuyun, the former chairman of China’s state-owned film and TV powerhouse Hunan TV & Broadcast Intermediary Co., for alleged corruption.
Long, 55, headed the Shenzhen-listed Hunan TV for nearly two decades. He was behind Hunan TV’s $1.5 billion investment in the U.S. film studio Lionsgate in 2015 for a three-year co-production partnership, which was the biggest overseas deal made by a Chinese film company at that time. Under the partnership, Hunan TV became financial partner in about a dozen Lionsgate releases, including the multi-Oscar Award winner ‘La La Land.’
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