The first batch of co-financed films will include "Gods of Egypt" and "Now You See Me 2", the sequel to blockbuster "Now You See Me" which earned $350 million at the box office in 2013. "China has become the world's second largest film market and Lionsgate is one of the largest independent Hollywood filmmakers," said Long Qiuyun, the HTBI chairman. "The deal will bring Hollywood's production model to China and start an era full of imagination." According to Lionsgate CEO Jon Feltheimer, it has been the most exciting proposition in the company's history. Feltheimer said Lionsgate and HTBI have much in common in terms of industry leadership, innovation and commitment to producing quality films. Cooperation with HTBI will significantly expand Lionsgate's market share in China and bring more films with Chinese elements to the international market, he said. Although the US is the biggest movie market in the world, it is saturated with limited room for growth, while the Chinese movie market is on the move.