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By MCN Editor editor@moviecitynews.com

Bona Film Group Secures Strategic Investment From News Corporation: Global Media Company to Purchase Minority Stake

BEIJING, May 13, 2012 — Bona Film Group Limited (Nasdaq:BONA), a leading film distributor and vertically integrated film company in China, today announced that the Company has secured a strategic investment from News Corporation.

Under the investment agreement, News Corporation will acquire a 19.9% equity stake in Bona directly from the Company’s Founder, Chairman and CEO, Mr. Dong Yu.

Mr. Yu has entered into separate agreements to acquire 1,000,000 Bona ordinary shares from SIG China Investments One, Ltd., 1,000,000 Bona ordinary shares from Matrix Partners China Funds and 1,500,000 Bona ordinary shares from the Sequoia Funds, at an average price of $11.40 per share, or $5.70 per American Depositary Share.

“We are thrilled to receive this strategic investment from News Corporation,” said Dong Yu, Founder, Chairman and CEO of Bona Film Group Limited. “As one of the leading film distributors in China, we are committed to bringing the best quality Chinese films to broad
audiences around the world. News Corporation’s extensive global reach, investment and distribution will help accelerate our strategy to expand our global footprint.

“Since our IPO in 2010, we have developed our business significantly and we believe now is the time to diversify our ownership structure by introducing select strategic investors. This is an exciting period of growth for China’s film industry, and we look forward to exploring the international commercial opportunities for Chinese films with our new partner,” Mr. Yu concluded.

“One of Bona’s unique advantages is its vertically-integrated business model, which differentiates the Company from other film distributors in China,” said Dr. Jack Gao, SVP, News Corporation & CEO, News Corporation China Investments. “China’s film market is growing at a rapid pace, positioning the country to be the second largest film market following the United States, and Bona’s market leadership, compelling value proposition and tremendous growth potential make this an attractive opportunity for News Corporation.”

Following the close of these transactions, Mr. Yu’s ownership will be reduced to 8,210,803 ordinary shares (not including options to purchase 545,615 ordinary shares), representing approximately 27.0% of the Company’s ordinary shares outstanding. These transactions are expected to close in the next 15 days and are subject to customary closing conditions.

About Bona Film Group Limited

Bona Film Group Limited (Nasdaq:BONA) is a leading film distributor in China, with an integrated business model encompassing film distribution, film production, film exhibition and talent representation. Bona distributes films to Greater China, Korea, Southeast Asia, the United States and Europe, invests and produces movies in a variety of genres, owns and operates 13 movie theaters and manages a range of talented and popular Chinese artists.

For more information about Bona, please visit http://www.bonafilm.cn.

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“I never, ever, ever read anything about myself. Not my interviews, not stories about me. I never, ever read any criticism of my films. I scrupulously have avoided any self-preoccupation. When I first started, that was not the case. I just pay attention to the work and don’t read about how great I am or what a fool I am. The enjoyment has got to come from doing the project. It’s fun to get up in the morning and have your script in front of you and to meet with your scenic designer and your cinematographer, to get out on the set and work with these charming men and beautiful women and put in this Cole Porter music and great costumes. When that’s over, and you’ve made your best movie, move on. I never look at the movie again — I never read anything about it again.”
~ Woody Allen

I do think the polemic of diversity right now is being handled with a lead pipe. It’s talked about in a way that’s not complex— and it’s a very complex issue. It’s not black and white. It’s not a conspiracy to keep women down. It’s a psychology of risk aversion. Women are question marks to the studios The indie world is changing, television is changing, but if you talk about mainstream Hollywood, they’re still looking at a question mark. [So] it’s not some kind of war. It’s people trying to figure out, imperfectly, how to change a culture that has been one way for a really long time. In terms of this movie, though, Sony was on our ass about diversity from day one. They were like, ‘Look: We want you to make your own movie. We just also want to tell you that there are other options, ones that we’re really open to, and here’s all the people we love.’ And those lists, they were the most diverse lists I’ve ever seen.
~ Jodie Foster

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