Hollywood is prepping for the next wave of Asian invasion by companies hungry to own a piece of a studio. โThe markets are beginning to ignore these reports because weโve heard so many of them,โ said Steven Azarbad, whose New York-based Maglan Capital owns a piece of Metro-Goldwyn-Mayer. โAt this point we need to see a deal to believe it.โ Tony Wible, an analyst at Janney Capital Markets, has no doubt we will. โA lot of places around the world have seen how well the US has done exporting media,โ he said. โNow they want to do it.โ
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Asian conglomerate seeks starring role in Hollywood studios