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1 item from 2016

Cristal Pictures Launches by Backing Ryan Reynolds’ ‘Hitman’s Bodyguard’

7 September 2016 2:49 PM, PDT | Variety - Film News | See recent Variety - Film News news »

In the latest investment by China in Hollywood, finance-production company Cristal Pictures has come on board to co-produce and co-finance Ryan Reynolds’ action-comedy “Hitman’s Bodyguard.”

Los Angeles-based Cristal Pictures made the announcement as part of disclosing that it has been founded and bankrolled by China’s East Light Film Company to finance and produce mid-to-high range budgeted, English-language motion pictures for domestic and global theatrical distribution. Cristal’s co-CEOs are veteran execs Chris Liu and Scott Einbinder.

East Light is based in Beijing and Hong Kong and headed by Liu. To support Cristal’s long-term business plan, East Light has additionally raised substantial equity from several China, Hong Kong and South East Asian-based investors.

“Hitman’s Bodyguard,” directed by Patrick Hughes, is in post-production. It also stars Samuel Jackson, Gary Oldman and Salma Hayek.

The film is also financed by Millennium Films with Lionsgate Films set to release in North America on Aug. »

- Dave McNary

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