MUMBAI: Former Disney chairman Dick Cook is launching Dick Cook Studios with a $150 million investment from Citic Guoan Group Co. Ltd., which is a division of China’s Citic Group.

Cook said, “I am thrilled to formally announce the launch of Dick Cook Studios. Our mission will always be to provide the very best in family entertainment inclusive of all generations, which inspires, engages, excites and always contributes positively not only to our communities but to the world at large. We will have many more announcements in the coming weeks and months as our long standing plans come together.”

The new studio will be a creative content company focusing exclusively on the development, production, marketing and distribution of multi-generational family entertainment including live-action and animated motion pictures, television, digital, educational media, stage and other themed entertainment among other avenues.

Cook added, “China is very important and this investment will serve as a significant building block in helping us reach our goals. It took us quite awhile to find the right partners that share our vision to create quality content and our passion of family entertainment through telling rich stories that will travel the globe. Citic Guoan is an extremely diverse company with many businesses that range from film and television, publishing, media, to sports, tourism and outsourcing services that will be of great benefit to both of our companies

Citic Guoan chairman Li Shilin said, “With Mr. Cook and his highly respected team, we are guaranteed that every segment of our cooperation will be of the highest standards. They appreciate and understand traditional Chinese culture, and they look forward to telling Chinese stories that will play to families across the globe. We both believe that cultural works in spreading love and positive energy is the world’s eternal theme.”