Published on : Jun 26, 2014
Paramount Pictures and a Chinese investment organization have reached an agreement regarding the release date of ‘Transformers: Age of Extinction’. This Chinese company had previously threatened that they would delay the release of the film. China is the most-populated country in the world, and delay in releases would have made an impact on the earning of the film.
The issues between Beijing Pangu Investment Corporation and Viacom Incorporated’s Paramount Pictures were resolved. According to Rob Moore, the vice chairman of the studio these issues were created due to a misunderstanding. However, more details about the issue were not provided during the press conference.
Michael Bay, the director for the Transformer movies said that working with Pangu Co. was fantastic and he wants to put aside the misunderstanding. Beijing Pangu Investment Co. accused last week Paramount Pictures of failing to account for a sponsorship accord and had asked the Chinese film regulator to block or delay this movie.
However, the film which stars Mark Wahlberg is estimated to rank among the top grossing movies of the year with the ticket revenue in U.S. predicted at USD 265 million. It is also predicted that the movie will become the summer’s first movie to open for more than USD 100 million. The movie will debut on Friday in 4,200 movie theatres in North America and other 35 foreign countries.
The general manager of Pangu Hotel, Norman Sung stated that they have moved on from these differences and are looking forward for the new movie of Transformers to become a big hit in the Chinese market.