Tencent’s Hollywood Deal With STX Extends Impact Past Buys Into U.S. Tech Startups

STX exec Tom McGrath (r) at Silicon Dragon in LA

China and Hollywood ties have been strengthening, and now with Tencent’s strategic investment in Los Angeles studio STX Entertainment, the bond is certainly growing.

China is showing its heft by backing U.S. film, TV and digital media business just as it already has by investing in Silicon Valley technology startups and luxury real estate primarily in California and New York.

The fact that it’s leading Chinese tech titan Tencent (with Hong Kong telecom leader PCCW) doing the latest deal in Hollywood underscores how meaningful and impactful this connection could be. Will Hollywood movies on Tencent’s popular WeChat social messaging be coming soon?

Read full post at Forbes: Hollywood Welcomes China by Rebecca Fannin of Silicon Dragon.