Fosun International to invest in Studio 8

Fosun International Ltd announced on Monday that it is investing in a Hollywood film company founded by former president of US film company Warner Bros Entertainment Inc, to tap the burgeoning film market in China.

It signed an agreement to invest in Jeff Robinov's Studio 8 on June 6, the company said in a statement, but did not disclose the investment figures and further details.

Robinov, who served as president of Warner Bros Pictures Group from 2007 to 2013, stepped down from his post last June. During his time in Warner Bros, he oversaw successful big-budget blockbusters such as The Dark Knight trilogy, Inception, and Oscar-winning movies Gravity and Argo, said the statement.