‘Hurt Locker’ Producer Voltage Pictures Bought by Chinese Firm for $350 Million (Report)
Chinese copper manufacturing company Anhui Xinke New Materials has acquired Voltage Pictures owner Midnight Investments for roughly $350 million, Reuters reported Sunday.
Nicholas Chartier’s 11-year-old Voltage has produced more than 150 feature films, including the Oscar winners “The Hurt Locker” and “Dallas Buyers Club.”
Anhui Xinke, which is best known for its work in copper processing and electric wires and cables, recently launched a new subsidiary to acquire media assets — the latest Chinese outfit to set its sights (and considerable bank account) on Hollywood.
The company said the acquisition would enable it to expand its presence in the domestic and international film business, according to Reuters.
Voltage’s recent features include the Russell Crowe-Amanda Seyfried drama “Fathers & Daughters,” director Natalie Portman’s 2015 Cannes entry “A Tale of Love and Darkness” and the Bella Thorne thriller “Keep Watching” for Screen Gems.