Li Ming, the CEO of Beijing based media firm Galloping Horse, died of myocardial infarction at age 48 on Thursday evening.
The Karate Kid (2010 movie) (Photograph credit: Wikipedia)
Born to a household with military background, Li produced his fortune as an marketing agent for China Central Tv, China’s national broadcaster. In 1998 he founded Beijing Galloping Horse Media Co, which produces and invests in Tv series and movies. Its involvement ranges from well-known Television romance “Tian Mi Mi” (2006) and Jackie Chen-featured movie “The Karate Kid”, to historic drama “Three Kingdoms” (2010) and Communist Celebration propaganda “The Founding of a Get together.” In 2011, Li ventured into the theater chain company, opening the very first movie theater in a third-tier city in southern China.
In 2012, Li produced a splash in the international media market with a $ 30.two million purchase of Digital Domain, when the Hollywood visual result powerhouse co-founded by director James Cameron. But regardless of ambitious announcements about upcoming collaboration, which includes a strategy to “revive” the deceased Taiwanese pop icon Teresa Teng on stage, Galloping Horse sold the 70% stake just months later to a Hong Kong business for much more than $ 50 million. Harmony Vitality Constrained,the shell organization that Li used, recorded a loss of $ 11 million 4 months soon after generating the acquire, in accordance to 21st Century Enterprise News.
It is unclear if Li’s premature death is linked to any current health care situations, but it has prompted calls for a more healthy lifestyle nonetheless. Earlier final yr, ex-Google China chief Lee Kaifu was diagnosed with cancer at age 51 and has withdrawn to Taiwan for remedy.
Galloping Residence and Digital Domain could not be instantly reached for feedback.
Li Ming, Briefly Owner of Digital Domain, Dies
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