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Some of the Chinese groups are buoyed by high valuations in mainland stock markets and able to splash out at high prices. Others want to invest outside of the country ahead of future currency devaluations, analysts say.

Chinese investors are also seeking to tap into US expertise at a time when the rising middle class in China is seeking entertainment and per capita income has grown 20-fold in a generation. In 2014, US filmed entertainment generated a trade surplus of $16.3bn, according to the Motion Picture Association of America.

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