Posted: Jun 21, 2014 3:47 AM
Updated: Jun 21, 2014 3:48 AM
BEIJING (AP) A Chinese company says it has terminated cooperation with the new "Transformers" movie and wants Paramount Pictures to make edits to the blockbuster film.
The company owns the Pangu Plaza, a dragon-shaped hotel, office and mall complex that stretches the length of half a dozen football fields and is featured in the movie.
The Beijing Pangu Investment Co. Ltd. said in a statement emailed to The Associated Press Saturday that Paramount and two Chinese associate partners failed to fulfill their obligations in a sponsorship deal.
Pangu says it provided at least $1.6 million in funding and that its Chinese partners never delivered on promises to hold the movie premiere at Pangu's hotel and feature images of its property in trailers and movie posters.