The Hollywood trades are reporting that Stan Lee’s Pow! Entertainment has set up a new film financing venture, Magic Storm Entertainment, in partnership with Ricco Capital and Panda Media Partners. Magic Storm will be based in Los Angeles and according to Pow’s CEO Gill Champion, “will seek to produce universally appealing films and franchises that provide a powerful platform for our brands to reach a growing consumer audience throughout China and Asia.”

In other words, Stan has tapped into some of that enormous stash of capital that has been built up in China, and thus should have an easier time financing new projects, though it's also likely that these projects will be tailored to some degree for Asian audiences.