Nov 16, 2009 - 3:34 AM EST
On November 12th, Shanda Interactive (SNDA) made a new move to form a joint venture with Hunan TV. Capitalized with RMB 600 million (88 million USD) and headed by Danni Long, a talented TV producer who championed the Chinese version of "American Idol", this joint venture
will produce and distribute movies and television series, as well as engage in other related businesses such as agency services.
Source: Seeking Alpha (Nov 16, 2009 - 3:34 AM EST)