Hong Kong film pioneer Run Run Shaw passes away

The founder and chairman of Shaw Brothers and the chairman of TVB, Sir Run Run Shaw, has died at his home at the age of 107.Shaw was one of the founding directors of TVB in 1967 and remained executive chairman for 30 years.Born 1907, TVB said he passed away peacefully in the company of his family at 6:55 am at home, aged 107.In 2011 after a 44-year career, he stepped down from all his TVB posts and sold his 26% stake in TVB to a group of investors for HK$6.26 billion.In a statement, the broadcaster said he will be sadly missed.“Although we knew this day will come, no words can adequately express our sorrow and lessen our sense of a profound loss. He will be sadly missed by all of us in TVB. Our thoughts are with his wife, Ms. Mona Fong and his family.”Outside the media industry, Shaw was heavily involved in philanthropy, setting up Shaw Prize in 2004 to award achievements in the areas of astronomy, mathematics and life and medical science.He received Commander of the Order of the British Empire in 1974 and was knighted in 1977.“With his vision and energy, he had built the company to become Hong Kong’s premier television station and a world leader in the Chinese-language television industry,” TVB added.He is survived by two sons and two daughters.Photo courtest of TVB.