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Paramount, Chinese Company Resolve 'Transformers' Dispute


A child stands on a barricade fence looks at a replica model of Transformers character Bumblebee on display in front of Qianmen Gate, as part of a promotion of the movie "Transformers: Age of Extinction" in Beijing, China, June 21, 2014.
A child stands on a barricade fence looks at a replica model of Transformers character Bumblebee on display in front of Qianmen Gate, as part of a promotion of the movie "Transformers: Age of Extinction" in Beijing, China, June 21, 2014.
Movie studio Paramount Pictures and a Chinese company have resolved a dispute over a sponsorship deal that had threatened to disrupt the release of big-budget action movie Transformers: Age of Extinction, the studio said on Monday. The film is due to open in theaters on June 27, and stars Mark Wahlberg.

Beijing Pangushi Investment Co Ltd last week demanded changes to the film because it said Paramount did not meet its obligations to feature its property in the movie.

The Beijing firm said it was revoking permission to show its buildings in Age of Extinction, which is expected to become one of the highest-grossing movies of the year.
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    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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