Paramount Pictures ends $1b agreement with China's Huahua

Paramount Pictures ends $1b agreement with China's Huahua

A security guard speaks into a microphone in his sleeve as he stands outside the Viacom Inc. headquarters in New York April 30, 2013. REUTERS/Lucas Jackson

Viacom Inc’s Paramount Pictures said a $1 billion films-funding deal with China’s Huahua Media has been scrapped after the Asian nation tightened foreign investment policies, the latest Hollywood-China tie-up to unravel due to Beijing’s scrutiny.

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