Digital Domain Media Group (NYSE: DDMG), a leading digital production company focused on visual effects, original content animation and major studio co-productions, has signed Beijing Galloping Horse Film Co., Ltd. as a co-producer and distributor of The Legend of Tembo, the first family-friendly animated feature film from Digital Domain Media Group’s Tradition Studios. Galloping Horse, a leading company in the film and TV industry in China, will also market and distribute throughout the People’s Republic of China.
“We are pleased to announce an expansion of our relationship with the people at Galloping Horse as we reach this important milestone in the production of The Legend of Tembo,” said John Textor, chairman and CEO of Digital Domain Media Group. “Consumer demand in China for family focused, feature animation films is surely robust and we are thrilled to have Tembo validated in this market by a strong regional partner that is willing to invest so heavily in its outcome.”
A discussion of the Galloping Horse relationship and The Legend of Tembo co-production and distribution agreement can be found in the transcript of our recent investor relations conference call at http://phx.corporate-ir.net/phoenix.zhtml?c=246637&p=irol-presentations.
About Beijing Galloping Horse Film Co., Ltd.Beijing Galloping Horse Film Co., Ltd. is a leading company in the film and TV industry in China. With nearly 20 years of industry experience, Galloping Horse is actively engaged in film and television financing, production, distribution, as well as advertising and magazine publishing. Recently, it has added cinema construction, new media and animated content production, as well as talent management into its growing business portfolio. Galloping Horse has earned itself a high reputation in the Chinese media industry by producing contents that are both critically acclaimed and commercially successful. The company has signed exclusive deals with some of the most prominent producers, directors and writers in China, including John Woo (first look), Zhang Yibai, Ning Hao, Liu Heng, Lu Wei, etc. This strategy gives Galloping Horse a competitive advantage over other players.
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