Casino junket operator Jimei International Entertainment Group is branching out into the world of cinema now that its gaming operations have dried up.
On Wednesday, Jimei alerted the Hong Kong Stock Exchange that the company had hired noted film director F. Gary Gray “in relation to the development and production of motion picture projects.” Gray (pictured) is the acclaimed director of such films at Straight Outta Compton, The Italian Job and this year’s installment of the Fast & Furious franchise, The Fate of the Furious.
Jimei says its deal calls for Gray to develop three movie projects over three years, and if Jimei approves any of the projects, it will negotiate Gray’s role in their production, be it as director, producer or executive producer. Gray has agreed not to sign any similar deals with any other “Chinese-owned or controlled company.”
Earlier this month, Jimei proposed changing its name to the Starlight Culture Entertainment Group to reflect “the further business diversification and enhancement of the entertainment business of the Group,” and at last we learn what that diversification entails.