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Leeding Media, a Beijing and Los Angeles-based company that focuses on connecting U.S.-produced content with digital distribution in China, has acquired exclusive digital rights to 95 films in separate deals with IM Global and Lakeshore Entertainment, the company announced in a statement Thursday.
The company’s deal with IM Global comprises of 47 films, including “The Wedding Planner,” “Malcolm X” and “G.I. Jane.” Its agreement with Lakeshore covers 48 movies.
With the latest deal, Leeding now licenses almost 500 films to Chinese streaming companies. Its catalog includes award-winning films such as “Million Dollar Baby” and “Whiplash,” as well as “Nightcrawler,” “A Single Man” and “Underworld.”
Leeding also announced that it has received an investment from China’s WinDigital Investment Fund, indended to allow the company to aggressively grow its footprint in licensing, co-financing and producing movies for both the Chinese and international markets.
“Our company has been growing steadily and the response has been enthusiastic, as evidenced by our recent acquisition of 95 titles and our attracting WinDigital as an investor,” Leeding Media founder and CEO David U. Lee said in a statement. “We have built a substantial business that spans licensing, financing, production and consulting services in navigating the Chinese and United States’ entertainment industries. In our continued effort to further expand our library, we are extremely pleased with our new relationship with WinDigital.”
“We are delighted to have the opportunity to work with the Leeding Media team,” Lindsay Du, General Partner of WinDigital Investment Fund, said in the statement. “This is WinDigital’s first deal outside of China and we are looking forward to taking advantage of David’s expertise and track-record in the entertainment and media sectors. This exciting partnership will enable Leeding Media to make more global investments in diverse entertainment and media companies well into the future.”