Run Run Shaw, the colourful Hong Kong media mogul whose name was synonymous with low-budget Chinese action and horror films — and especially with the wildly successful kung fu genre, which he is largely credited with inventing — died on Tuesday at his home in Hong Kong. He was 106.
His company, Television Broadcasts Limited (TVB), that produces most of our Hong Kong dramas, announced his death in a statement.
Born in China, Mr. Shaw and his older brother, Run Me, were movie pioneers in Asia, producing and sometimes directing films and owning lucrative cinema chains. His companies are believed to have released more than 800 films worldwide.
After his brother’s death in 1985, Mr. Shaw expanded his interest in television and became a publishing and real estate magnate as well. For his philanthropy, much of it going to educational and medical causes, he was knighted by Queen Elizabeth II and showered with public expressions of gratitude by the Communist authorities in Beijing.
Adapted from CNBC’s report; full article: http://www.cnbc.com/id/101314647