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Thursday, April 14, 2011

Jay Chou Sells Entertainment Company

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Shanda Interactive Entertainment Ltd, a Chinese entertainment company, has made plans to buy part Jay Chou's entertainment company. The business deal is said to be worth around $12 million USD. After meeting several times in Taiwan a business acquisition plan has been made.


Shanda Interactive Entertainment Ltd will first acquire Asia Dance Way, a showbiz training institution ran by Jay and a friend. The company will also be getting the exclusive broadcasting rights to the variety show Mr. J Channel.

The final thing Shanda plans to do with the new parts of the company is to make Chris Lee the new CEO.

Source: People Daily
Via: Jpopasia.com
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