Investigation: How An Extravagant Chinese Financier Charmed Hollywood’s Elite Before Vanishing, Owing People Millions
29.04.2024 - 14:53
/ deadline.com
Kenneth Huang was known for his particular taste in wine. Whether in his favorite corner of Cut, the Michelin-starred steakhouse at the Beverly Wilshire, or in the Peninsula Shanghai, Huang would summon a bottle of Opus One to the table. He would tell guests that he had a private reserve of the Napa Valley vineyard’s 2011 vintage, which retails for up to $2,000 a case. Someone who regularly dined with the financier says she drank so much Opus One that she got sick of the bourgeois Bordeaux.
If the wine was Huang’s signature, it was a footnote in a picture rendered to create a specific impression. An outsider in a town familiar with cautionary tales about Chinese riches, Huang was performative about his wealth in a way that put Hollywood power players at ease. He would allow them to think: if this man puts studio executives on private jets to Beijing and turns up to coffee meetings in a Lamborghini Aventador, he is capable of funding independent movies. And he was. Impatiently so.
After acting as Paramount’s conduit to the Middle Kingdom, Huang set up shop in the shape of The H Collective (THC) in June 2017. He collected a team of experienced and trusted Hollywood executives who got to work making movies. Within less than six months, the outfit was in production on Aaron Paul thriller The Parts You Lose alongside Breaking Bad producer Mark Johnson. During a breathless three-year period, THC linked with James Gunn on superhero horror Brightburn, attempted to reboot Vin Diesel’s xXx franchise, and dried ink on a distribution deal with Sony Pictures. People in Huang’s orbit were unsure where the money was flowing from, but few were prepared to pollute the well with questions.
THC was a legitimate operation and Huang
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