A Chinese company is close to completing a deal for a 75 percent stake in an Oscar-winning British special effects company, which worked on films such as Doctor Strange and the Harry Potter franchise.
London-based firm Framestore, which also worked on Superman Returns and Gravity, has agreed a deal with Cultural Investment Holdings Co that values the UK business at 150 million pounds, according to its founder.
Sir William Sargent told China Daily that partnering with CIH was a very exciting prospect.
"The world is very much evolving and that's why we looked east for our next partner," he said.
Sir William will retain a 10 percent stake in the company.
He explained that Framestore was more than a special effects company for feature films. It was also involved in theme park design, including one project underway in China.