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Last updated on May 27, 2012 at 19:02 EDT

Kevin Spacey ‘Inseparable’ in China

January 13, 2010
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BEIJING, Jan. 13 /PRNewswire-Asia-FirstCall/ — Xinhua Sports &
Entertainment Limited (“XSEL”, Nasdaq: XSEL), a leading sports and
entertainment media company in China, today announced that Two-time Academy
Award winner Kevin Spacey has signed on to star in director Dayyan Eng’s black
comedy from his own script titled “Inseparable”. The project, principally
financed by Fantawild Pictures, co-stars Daniel Wu (Overheard, Shinjuku
Incident) and Beibi Gong (The Detective 2, Waiting Alone) will begin
production in southern China this month. It is being produced by David U. Lee of Xinhua Media Entertainment (“XME”), a majority owned subsidiary of XSEL,
and Dayyan Eng of Colordance Pictures. Li Ming of Fantawild Pictures, Kevin
Spacey
and Dana Brunetti in association with Trigger Street Productions, Bill
Block
of QED International and Steven Squillante will executive produce.

Kevin Spacey’s photo link: http://www.xsel.com/Kevin_Spacey/

“Inseparable” marks the first time an award winning actor of Mr. Spacey’s
caliber and international renown has starred in a Chinese production. The film
to be shot in Mandarin and English follows a young man with problems at home
and work who is befriended by a mysterious American expat (Spacey) who changes
his life. Wu co-stars as a young engineer and Gong as his investigative
reporter wife.

“Fantawild Pictures and XSEL are leading the way in the Chinese film
entertainment sector by being the first to bring a two-time Academy Award
winning actor to a Chinese production,” said Ms. Fredy Bush, CEO of XSEL. “We
are proud to be a part of the team that shows a global audience that China can
produce more than just period dramas and martial-arts pictures.”

Kevin Spacey is represented by CAA, Joanne Horowitz Management, and Hansen,
Jacobson, Teller, Hoberman, Newman, Warren and Richman LLP.

Beijing-based American director Dayyan Eng’s previous feature film,
Waiting Alone, was a cult hit in China headlined by Xia Yu, Li Bingbing and
Gong Beibi, with cameos by Chow Yun-Fat and other Asian stars. The romantic
comedy won Best First Feature and Best Actor awards at the popular Beijing
Film Festival and was nominated for three Chinese academy awards (Golden
Roosters) including Best Picture in 2005. Eng’s short film, Bus 44, won awards
at Venice and Sundance.

Kevin Spacey’s other upcoming projects include “Casino Jack”, in which he
plays disgraced Washington power broker Jack Abramoff, and the comedy “Father
of Invention”. He is also the Artistic Director of The Old Vic Theatre in
London.

Other upcoming Trigger Street projects include the Untitled Captain
Richards Phillips/Somali Pirate Project, “The Social Network” adapted by Aaron
Sorkin
and directed by David Fincher, and “The Ugly Americans” based on Ben
Mezrich’s
2004 non-fiction book.

Fantawild Pictures, a large-scale film production company, is a subsidiary
of Hua Qiang Group (“HQG”). HQG widely regarded as the Disneyland of China, is
the leading theme park provider and operator in the country. Fantawild
Pictures is engaged in financing and producing international co-productions,
blockbusters with heavy digital effects, animations and up and coming 3D
features. For more information, please visit http://www.fantawild.com .

Xinhua Media Entertainment, a majority owned subsidiary of XSEL, is a
motion picture enterprise dedicated to aggregating and marketing highly
commercial world-class quality film entertainment products to the Chinese
audience. Collaborating with leading film producers and distributors in China
and Hollywood, XME has assembled an initial slate of eight properties, two of
which are completed films to be released in the next four months. “The Spy
Next Door”, starring Jackie Chan, to be released nationwide on January 15th
and “More Than a Game”, starring LeBron James, to be released in April 2010.
Its Managing Director, David U. Lee is recognized by the Hollywood and Chinese
film communities as one of the industry leaders that specializes in bridging
the two film industries. Lee is credited as Co-Executive Producer of “The
Forbidden Kingdom”, which he helped structure as the most successful China/U.S.
co-production in history. Lee is also credited as Co-Executive Producer of
“Shanghai” starring John Cusack, Chow Yun-Fat, Gong Li and Ken Watanabe, which
he helped setup as an official China/U.S. assisted co-production. For more
information, please visit http://www.xmediaent.com .

    For more information, please contact:

    Media Contact:
     Joy Tsang
     XSEL
     Phone: +86-10-8567-6050; +86-136-2179-1577
     Email: joy.tsang@xsel.com

    IR Contact:
     Edward Liu
     XSEL
     Phone: +86-10-8567-6061
     Email: edward.liu@xsel.com

     Howard Gostfrand
     American Capital Ventures
     Phone: +1-305-918-7000; toll free +1-877-918-0774
     Email: info@amcapventures.com

About XSEL

Xinhua Sports & Entertainment Limited (“XSEL”; NASDAQ: XSEL) is a leading
sports and entertainment media company in China. Catering to a vast audience
of young and upwardly mobile consumers, XSEL is well-positioned in China with
its unique content and access. Through its key international partnerships,
XSEL is able to offer its target audience the content they demand -premium
sports and quality entertainment. Through its Chinese partnerships, XSEL is
able to deliver this content across a broad range of platforms, including
television, the Internet, mobile phones and other multimedia assets in China.
Along with its integrated advertising resources, XSEL offers a total solution
empowering clients at every stage of the media process linking advertisers
with China’s young and upwardly mobile demographic.

Headquartered in Beijing, the company employs more than 1,000 people and
has offices and affiliates in major cities throughout China including Beijing,
Shanghai, Guangzhou, Shenzhen and Hong Kong. Xinhua Sports & Entertainment
Limited shares are listed on the NASDAQ Global Market (NASDAQ: XSEL). For more
information, please visit http://www.xsel.com .

Safe Harbor Statement

This announcement contains forward-looking statements. These statements
are made under the “safe harbor” provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates,” ”confident” and similar
statements. Among other things, any quotations from management in this
announcement contain forward-looking statements. Statements that are not
historical facts, including statements about XSEL’s beliefs and expectations
are forward-looking statements. Forward-looking statements involve inherent
risks and uncertainties that could cause actual results to differ materially
from those contained in any forward-looking statements. Potential risks and
uncertainties include, but are not limited to, risks outlined in XSEL’s
filings with the U.S. Securities and Exchange Commission, including its annual
report on Form 20-F. All information provided in this press release is as of
the date hereof, and XSEL undertakes no duty to update such information,
except as required under applicable law.

SOURCE Xinhua Sports & Entertainment Limited


Source: newswire