Flagship Entertainment Group

Flagship Entertainment Group is a privately owned company headquartered in Hong Kong. Its parent companies include China Media Capital, Television Broadcasts, and Warner Bros. Discovery. Founded in 2016 with approximately 10 employees, the company reported $1.1M in revenue as of 2024. It specializes in content rights, operating as an international film production and distribution company. Flagship Entertainment Group functions as a strategic joint venture between Warner Bros. Discovery, which holds a 49% stake, and a China Media Capital-led consortium that includes Television Broadcasts Limited (TVB). This venture is engineered to leverage Hollywood filmmaking infrastructure and regional Chinese broadcasting networks for the creation of Chinese-language motion pictures and global tentpoles tailored for international distribution. Its portfolio features co-productions such as The Meg, Meg 2: The Trench, The Adventurers, Paradox, and Wish Dragon.