Variety: O’Melveny Represents Investors in Deal to Fund 50 Theaters in China
May 24, 2012
The May 23, 2012, Variety article, “Screen Capital to fund 50 Chinese theaters,” notes that lawyers in the Shanghai office of O’Melveny & Myers LLP advised the investors in a deal between financier Screen Capital Intl. (SCI) and Red Carpet Cinemas to build 50 theaters in China over the next five years. Red Carpet is headed by former Warner Bros. Intl. Cinema executive Ira Stiegler. The article reports that the project is a combination of investments from US-based institutional investors and individual Chinese financiers.