GH Pictures (China), a film fund run by Golden Harvest Private Group, said yesterday it had taken on Eastern Multimedia Group (EMG), a Taiwanese cable firm, as an investor in exchange for a US$6 million injection. GH Pictures, controlled by Raymond Chow Ting-hsing, produces Chinese-language films and was responsible for the film Stormriders, which has broken local box-office records this year. Mr Chow said the cash injection would enlarge the fund's working capital - having already committed between $20 million and $30 million to films produced last year. It was working on 15 films at present. The fund, which now has paid-up capital of about $36 million, was also working on the sequel to Stormriders, which would be ready for screening in about 12-14 months. Other shareholders in GH Pictures include Singapore government-owned Temasek Holdings, MetLife Investments Asia and Citicorp Capital Asia. EMG chief executive Edward Wang Ling-fu said the deal would produce good synergies, as EMG had already bought Golden Harvest films in the past two years. 'We now have first right to films for theatrical cable and video produced by GH Pictures,' he said. EMG is the largest cable-television provider in Taiwan, with stakes in 31 cable systems and 45 per cent of the market. It is also the largest satellite TV channel distributor with 29 channels. The film fund was also planning to enter TV production, Mr Chow said. 'We are very flexible . . . and it would give us synergies with EMG,' he said.