Requirement would be a MBA Assignment Paper on researching the 2015 partnership between China Media Capital(CMC) and Warner Brothers for 2500 words by 23rd Jan, 2021. Below is the detailed requirement:(1) Conduct a detailed environmental analysis of the global business environmentfor the companies involved in the partnership. Based on the analysis, suggestthe most important external issues and trends driving Warner Brothers andChina Media Capital (CMC) together. Discuss the role of government in thisindustry.(2) With reference to the academic literature, explain what type of co-operation thisis and the specific risks for the three-way partnership in this case.(3) By applying appropriate theory and using evidence from your research of thecompanies involved, analyse the relevant national and corporate cultures.Speculate on the possible impact of both on the partnership which forms theFlagship Entertainment Group Ltd.(4) Drawing upon academic literature and theory, critically discuss the possibleeffects, both positive and negative, of exchange rate movements on this deal.