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Producer Robert Simonds Partners with TPG, China’s Hony Capital for New Studio Venture

Producer Robert Simonds has partnered with the private equity giant TPG and China’s Hony Capital to create a new studio project that will supposedly produce 10-15 mid-range movies each year. Each of these 10 star-studded films will have a production budget of about $40 million.

According to Bob Simonds, the start-up’s goal is to invest as much as $1B dollars in movie projects over the next five years. The parties have not revealed the name of the project yet.

Robert Simonds has produced Happy Gilmore and Steve Martin’s reboot of The Pink Panther. He believes that studios have moved the business towards opening up greater scope for smaller but talented mid-range projects, with compelling content.

Bob Simonds has also said that star-driven, mid-budget films are an underserved market and with their proven track record in that area, they are in a position to make successful partnerships with the older distributors of North America, venture into the Chinese market and capitalize on new, still developing channels.

The former COO of Viacom Entertainment Thomas McGrath, Former CEO of Crest Animation Noah Fogelson, and Sophie Watts have been recruited into Robert Simonds team as Chief Operating Officer, EVP Corporate Development and General Counsel, and EVP Content respectively. The company will be making more recruitments shortly.

According to Bob Simonds,’ the reason why he partnered with China’s Hony Capital is not just for its abundant capital, almost $7 billion under management, but because the company also has close ties with the Shanghai Media Group, one of the largest entertainment companies in China. SMG has announced a partnership with Disney to co-develop films for the booming Chinese market.

CEO of Hony, John Zhao, has said that this is the first investment a Chinese company has made into a Hollywood studio, and it serves as a perfect example of how investors bring in unique resources to create a new age studio. He adds that together with its strategic partners like SMG and PPTV (a Chinese video company), Hony Capital will bring the best of China’s resources to help Bob Simonds and his team to create the first global, vertically integrated studio in Hollywood.

Producer Robert Simonds Partners with TPG, China's Hony Capital for New Studio Venture

The new studio has also agreed upon direct distribution rights with North America’s top theatre chains, including AMC Theatres, Regal Entertainment Group, Cinemark, and Carmike. The team is to make new announcements regarding further distribution deals concerning the pay-TV window and home entertainment.

As of now, the board members of the company include: Bill McGlashan, Robert Simonds, Zhao, David Bonderman (founding partner of TPG), Frank Biondi (former CEO of Viacom and former CEO of Universal Studios), Tony Vinciquerra (former CEO of Fox Networks Group), Yang Wenhong (director of film and television at Shanghai Media Group), and veteran producer Gigi Pritzker (founder of OddLot Entertainment).

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What is that one Hollywood movie you want to watch again and again?

I have been watching this movie again and again and have never got enough of it.

The Social Network (2010): one fall night in 2003, the genius computer programmer Mark Zuckerberg along with Harvard Undergrad sat down on their computer and began working heatedly on their new idea. In programming and blogging fury, what started in their door room soon became social and global network and revolutionised the communication media. Within merely 6 years he had 500 million friends and this made Mark Zuckerberg the youngest billionaire ever in the history. But this success led him to both legal and personal complications.

The Social Network proved out to be a block buster which is based on the fairy tale of Mark Zuckerberg and his creativity of Facebook. I like it the most because of the influential move it has shown.

The Social Network depicts the time when Zuckerberg was a college student and how he came up with his first tech start-up. It is very inspiring to see a group of friends creating a platform which is now used by billions of people around the world with comfort in their rooms and with just a laptop or a mobile.

After you watch this movie, you will surely run to grab up your laptop and will start building the empire of your own. The movie has added a fuel to the emerging perception that technicians are new rock stars of today’s era. It has made social media to put a great effect of entrepreneurship.

The movie has excellent performances, beautifully directed and is impeccably scripted. The Social Network has set an ambitious and riveting example of new film making approach at its best. The film has been entitled to many awards and recognitions.  The Social Network has always been in my choice of inspirational movies because of its excellent background Robert Simonds deal will supercharge film financing facilities score and deft storytelling. This movie has made me learn how dreams can turn into reality. It also taught me how a company can be scaled from just a dorm room to a huge social media platform which no one has ever seen!

Although many have objected regarding the accuracy of the movie, but it really doesn’t matter to me. This has proved out to be great source of inspiration for all those who are aspiring to become an entrepreneur.

This movie explores those times when the most revolutionary platform of social media was invented. The movie is a bombshell. It is truly an inspirational film that shows how your life is in the college if you are special among your fellow mates. The movie is flawless with great humour and drama. This is a must to watch film and is my all time favourite movie.

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