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Business/Finance See other Business/Finance Articles Title: Chinese Company Set to Buy Majority Share of Hollywood Movie Company Sputnik...A politically powerful Chinese company with close ties to the Communist Party is set to buy a major stake in a Hollywood powerhouse production company known for their blockbuster films Investors in Legendary Entertainment have agreed to sell Dalian Wanda Group their stakes of over 50% of the company — which is valued around $4 billion, the New York Times reported.The remainder of the company will continue to be owned by their existing management. The production company is best known for films such as “Godzilla” and “Pacific Rim,” and is attempting to begin working in television as well. The Dalian Wanda Group already owns AMC Cinemas and the largest cinema chain in China. The media conglomerate is owned by China’s richest man. Chairman of the group, Wang Jianlin is a former military officer whose goal is to “deepen China’s influence in the global entertainment industry,” the New York Times wrote. “He’s basically putting himself in such an important position that makes it really difficult for the government to go after him, because he’s actually carrying the water for the government in terms of making inroads into Hollywood,” Stanley Rosen, a professor of political science at the University of Southern California who studies China’s film industry told the newspaper. “That’s an important aspect of government policy.” Related: It's for a Good Cause! Hollywood Celebs Raise $31 Mln for IDF Soldiers Hollywood Backs Tarantino, As Conservatives Slam Him Over Police Brutality Russian Diplomat Trolls Washington With Hollywood Stone Comedy US State Department Seeks Hollywood's Assistance in Spinning ISIL Beijing-Friendly? Hollywood Tweaks Movie Scripts to Access Chinese Market Poster Comment: comments puffinwillow... perhaps he can hire some christians and replace jews Tatarewicz: Christians don't go to extremes like Jews to be interesting, funny. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Tatarewicz (#0)
Pacific Rim...... While suffering through that production, I could not help thinking that if that kind of story can be made into a film, there is no excuse for me for not writing a story that could make it to the big screen. Seriously.... of all the stories they could make into a movie, their decision to do that one really shows they were scraping the bottom of the barrel. Pathetic.
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