A $1 billion financing deal with two Chinese firms promises Viacom Inc.’s struggling Paramount Pictures some much-needed funds and a foothold in the world’s second-largest box-office market. Shanghai Film Group Corp. and Huahua Media will invest in all Paramount movies over the three-year agreement, the companies said Thursday. The companies will finance at least 25% of every Paramount movie and maintain an office on the Paramount...

Source: Wall Street Journal January 19, 2017 23:15 UTC