22 March 2019

Walt Disney, BesTV form joint venture in China, Sina says

The Walt Disney Company China and BesTV New Media Co. Ltd. agreed on Wednesday to form a joint venture to conduct digital technology consulting business focusing on BesTV and Disney products, services and content in mainland China, news portal reported Wednesday. BesTV will own 51 percent of the joint venture and TWDC Shanghai Enterprises LLC, a wholly-owned indirect subsidiary of The Walt Disney Company, will own the remaining stake, the report said.

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