Alibaba signs deal with Paramount Pictures to produce new Star Trek and Teenage Ninja Turtle movies

If you were thrilled watching Hollywood movies Star Trek and Teenage Ninja Turtle, there are new instalments in the offing which will be funded by the film wing of Chinese eCommerce company Alibaba and produced by Paramount Pictures.

Last year, Alibaba Pictures teamed up with Paramount Pictures with its investment in Mission: Impossible – Rogue Nation which got positives reviews and returned as much as $700 million at the box office.

Speaking on the deal, Rob Moore, the Vice Chairman of Paramount Picture said: “We are very glad to be working with Alibaba Pictures again. Our most recent collaboration showed us this new internet-powered movie and television company has in areas such as promotion, distribution, and movie-related merchandise. We look forward to even more successful launches of these films in the global movie market.”

Meanwhile, the President of Alibaba Pictures, Zhang Wei on his part said: “We had a great experience working with Paramount on Mission: Impossible, and are very excited to join forces again for these two pictures, both of which have terrific fan bases in China that we hope to cooperate with Paramount to grow even larger.”

Alibaba launched Alibaba Pictures in August 2014 and has since invested in and produced several movies and TV shows.