Chinese Billionaire, Jack Ma Emerged As Big Backer Of Hollywood Films In Recent Years

BY SACNILK

Jack Ma, Chinese billionaire, and Alibaba co-founder, who is rumored to have gone missing for the last two months, has been a massive source of financial support for Hollywood films for the last 5 years. Alibaba Pictures, which was set up by Jack Ma's e-commerce giant Alibaba, has given a marketing push to Chinese films as well as invested in films of that country. ## Apart from investing in Chinese films, Ma also stepped into Hollywood in 2015, and one of the most successful films his company has produced is the 2019 release war movie "1917". The Sam Mendes triple-Oscar winner that also has Reliance Entertainment and Steven Spielberg's Dreamworks Pictures as producers, made $368 million on a $95 million budget. ## Other than 1917, one of the biggest films in which Alibaba Pictures invested is also the 2015's Tom Cruise-starrer "Mission: Impossible - Rogue Nation". The film was made on a budget of around $150 million and earned a worldwide gross of almost $680 million.## After that in 2016, the company invested in two Paramount Pictures productions, "Teenage Mutant Ninja Turtles: Out Of The Shadows" and "Star Trek Beyond". While the superhero film "Teenage Mutant Ninja Turtles: Out Of The Shadows" led by Megan Fox grossed $245 million on a budget of around $135 million, the sci-fi adventure "Star Trek Beyond", was made on a budget of $185 million and minted around $340 million worldwide. ## In 2018, Alibaba Pictures produced Tom Cruise's "Mission: Impossible - Fallout". The film went on to gross $791 million worldwide and it turned out to be one of the biggest hits of the franchise.## That's not all, according to a report in The Hollywood Reporter published in 2019, Alibaba Pictures Group had extended a $103 million loan to the Chinese film studio Huayi Brothers Media.## Source - India TV/IANS