The magnate Run Run Shaw, one of the greats of Asia's film industry, died Tuesday at his Hong Kong home, his former company said. He was 106.
Shaw was accompanied by his family, Television Broadcasts Limited said in a statement.
In 1958, Shaw and brother Me Shaw founded Shaw Brothers Studios, where he produced almost a thousand movies and introduced kung fu to the world.
Among the best-known films to come out of his studios was the prizewinning "The Magnificent Concubine" in 1962 and "One-Armed Swordsman" in 1967, which set box-office records in Hong Kong and led to multiple sequels.
Besides his fame in Asia, the communications magnate also contributed to the world of movies on other continents, such as his financing of the 1982 sci-fi classic "Blade Runner."
Shaw tried to sign up all the talent that existed on the continent for his movies, but there was one star who resisted: Bruce Lee, whom he never managed to lure into even one film production with his company.
Lee, who appeared just once on Shaw's Television Broadcasts network in 1969, preferred to join forces with Shaw's competitor, Golden Harvest studios, cofounded by a former employee of the late magnate.
Shaw stepped down from the presidency of TVB in 2011. In March of that same year, he sold his 26 percent share of the network to a group of investors.
Shaw is remembered not only as a producer but also as a philanthropist of education who contributed millions to the founding of some 4,000 schools and to helping establish the Run Run Shaw Institute of Chinese Affairs at Oxford University.
Shaw, knighted by Queen Elizabeth II in 1974, was also founder of the awards that bear his family name and that honor scientific achievements throughout Asia.
(c) 2014 EFE News Services (U.S.) Inc.
Original headline: Asian film industry legend Run Run Shaw dies at 106
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