Chinese investor to boost cinema software provider Vista in China

Thu, 03 Mar 2016

By Fiona Rotherham March 4 (BusinessDesk) - Beijing Weying Technology Co (WePiao) is taking a 2 percent shareholding in Vista Group International as part of a deal that will see the pair set up a new venture to tap into China’s expanding film market and is expected to generate more than $30 million for the New Zealand cinema software provider in the first year. Under the terms of the deal, which are both confidential and conditional on regulatory approval, Vista will provide the new venture with the distribution rights to all of its exist...

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