Penguin Pictures To Make Pictures

The Penguin Post has learned that Chinese internet giant Tencent Holdings Limited announced that it has established Penguin Pictures to lead its movie production effort. Penguin Pictures plans to invest in 10 to 15 movies every year.  No word yet on whether Penguin Pictures will make movies about penguins.


According to Chinese media reports. Penguin Pictures has already jointly produced and invested in around ten movies, including the Little Door God, an animation film produced by venture-backed Light Chaser Animations.

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