Paramount

Viacom’s Paramount Pictures movie unit has failed to strike a deal with two Chinese groups to receive $1 billion in financing for a fresh series of films, according to several Hollywood sources who spoke to The Post.

Paramount Pictures has announced a $1 billion financing deal with two Chinese firms, strengthening the U.S. studio's ties with a lucrative but difficult market.

Deliberations over Paramount’s future has become the flashpoint of a bitter row between Viacom Chief Executive and the company’s controlling shareholder.

The record $317 million that Paramount’s new Transformers grossed in China in 31 days is impressive, but the struggle the studio has endured to collect a mere 25 percent of that total shows that mining gold behind the Great Wall is a daunting task.