Hunan TV to set up Hong Kong film-making division
Rebecca Hawkes | 30 June 2014
Chinese satellite channel Hunan TV & Broadcasting Intermediary Company is to establish a HK$125 million (US$16.13 million) film-making unit in Hong Kong.
The broadcaster, which runs China's second most watched channel after CCTV-1, is to issue up to ¥2.9 billion ($466.39 million) medium term notes, according to Reuters.
The Hunan Publishing Investment Holding Group-owned network launched in 1997. It now broadcasts across China, Hong Kong, Macau and Taiwan, as well as overseas where it is known as Hunan STV World.
In addition to having a presence in the North America, Europe, Japan and Australia, Hunan TV is carried in Malaysia by the Astro satellite platform, and in the Philippines on Cignal Digital, Sky Cable, Destiny Cable and Cablelink.