September 08, 2013 11:38 ET
HOLLYWOOD, CALIFORNIA and BEIJING, CHINA–(Marketwired – Sept. 8, 2013) – International financier Robert Friedland, producer John Penotti and Beijing-based media veteran Ray Chen have launched Ivanhoe Pictures, a motion picture and television financing and production company.
Ivanhoe Pictures will finance and produce film and television projects that have broad appeal to a global audience. Initially, the company will bridge production opportunities in America and Asia, focusing on China, India, Korea and Japan. Beyond that, the company will pursue English and local language films in a variety of global markets.
Ivanhoe Pictures will be based in Hollywood, California, with offices in Beijing and New York. Mr. Friedland is Chairman of the new company, Mr. Penotti is Chief Executive Officer and President and Mr. Chen is Executive Vice President.
Mr. Friedland is recognized in the business worlds of finance, venture capital and mineral resources. Through his principal interests, held through Ivanhoe Capital Corporation, Mr. Friedland has participated in financing a broad range of initiatives in more than 50 countries during the past 25 years. He was an initial, key investor in Sina.com, the largest Chinese-language online infotainment web portal. Ivanhoe provided the founding venture capital for U.S.-based Sirius Satellite Radio, which went on to build SiriusXM into the world’s most successful digital satellite radio service.
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