STXtv, A Division Of STX Entertainment, Acquires Scripted TV Series From Acclaimed "Crazy Rich Asians" Creator Kevin Kwan

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May 05, 2017, 12:46 ET

BURBANK, Calif., May 5, 2017 /PRNewswire/ -- STXtv, a division of STX Entertainment, today announced it has acquired the rights to a new scripted series created by David Sangalli and Kevin Kwan, the international best-selling author of the "Crazy Rich Asians / China Rich Girlfriend / Rich People Problems" trilogy, which has been translated into 12 languages to date, and sold millions of copies. The series, still to be titled, will be a jet-setting drama following characters across the United States, Europe and China, and marks the pair's debut in television.

"This project is the perfect embodiment of the type of talent-driven, premium content series with a unique East-West appeal that STXtv was created to develop," said the company. "Kevin and David are crazy gifted storytellers and we're proud to bring their newest creation to life on new platforms around the world."

Added Kwan, "There is no better home than STXtv for my next act. With the final book in the 'Crazy Rich Asians' trilogy coming out on May 23rd, loyal readers have already been asking, what's next? We are so excited to be able to announce this development deal at STX because we can't wait to take my fans and a whole new audience into an extraordinary world they've never seen before."

ICM Partners brokered the deal for Kwan and Sangalli and Kwan's lawyer is Peter Nichols at Lichter, Grossman, Nichols and Adler.

About STXtv

STXtv is a division of STX Entertainment, a global next-generation media company whose mission is to unlock the value of the direct connection stars have with their fans through the development, financing, production, marketing and distribution of film, television, VR, digital video, music and live entertainment content. It is the industry leader in transforming beyond traditional platform-driven content to creating talent-driven enterprises.

The company is led by accomplished businessman Robert Simonds and was co-founded by Bill McGlashan, managing partner of the leading global private investment firm TPG. Other investors include Hony Capital, a leading private equity firm in China; PCCW, Southeast Asia's largest Internet and cable services provider; Tencent Holdings, China's leading provider of online products and services; Dominic Ng, Chairman of East West Bank; DNS Capital (representing the business interests of Gigi Pritzker and her immediate family); and Beau Wrigley, former Chairman and CEO of the Wm. Wrigley Jr. Company, among others. With these strategic relationships, the company is uniquely positioned to maximize the impact of content worldwide, with direct passage into the China market.