Steven Spielberg's Amblin Partners Inks Strategic Pact With Alibaba Pictures

Alibaba Pictures Group, the movies arm of Chinese e-commerce giant Alibaba, is to acquire an unspecified minority stake in Steven Spielberg's Amblin Partners. The move was announced as part of a strategic partnership to co-produce and finance films for global and Chinese audiences. The two will also collaborate on the marketing, distribution and merchandising of...