Amblin, Alibaba Sign Film Production, Streaming Video Deal

Amblin Partners will get access to Alibaba's online streaming platform Youku Tudou, its over-the-top provider Tmall and its e-commerce marketplaces, as part of a deal the two announced in a news release Sunday. It said Amblin and Alibaba agreed to co-produce and finance films for global and Chinese audiences and to work jointly on marketing, distribution and merchandising of Amblin Partners films in China. Alibaba also is acquiring a minority stake in Amblin, with an Alibaba representative joining the Amblin board, they said.